Northwood cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
Cost of living index9091100
Goods & Services index10196100
Groceries index10399100
Health care index9796100
Housing index6875100
Transportation index9195100
Utilities index102101100
A general summary of the cost of living index in Northwood, OH is shown above. Compared to the state average of Ohio the cost of living index in Northwood, OH is 90, which is equal to the average in Ohio and compared to the national average it is 10% lower than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In Northwood, OH goods and services come in at 5% higher than the average in Ohio and are 1% higher than compared to the nationwide average.

Did you know?

  • The cost of living in Northwood is equal to the Ohio average.
  • The cost of living in Northwood is 10% lower than the national average.
  • The cost of housing in Northwood is 32% lower than the national average.
  • Ohio general sales tax is 13% higher than the national average.
  • Ohio state income tax is 76% lower than the national average.

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Salary Calculator

This is how much you would need to earn in
Price difference in compared to
Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator is meant to help you compare your salary in Northwood, OH to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Northwood, OH, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Northwood, OH salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Northwood, OH as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Northwood, OH homeowners, is $52,326. This would allow for a maximum of $1,221 per month to be spent on housing costs. For renters, the median monthly income is $46,185 which would result in a maximum of $1,078 to be spent on rental costs.

Ohio Sales Tax

StateGeneral Sales TaxWith Max Surtax

Ohio Income Tax

StateIncome Tax (Low)Income Tax (High)
For those who live in Northwood, OH and want to know what the true cost of living is, they ought to look at both the Ohio income tax rate and the Ohio sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In Ohio, the sales tax is 5.75%, while the most you'll pay in surtax is 8%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in Ohio, the income tax rate ranges between 0.528% to 5.333%.

Goods & Services

ItemNorthwoodNational avg.Difference
Haircut $15.25$14.594.5%
Beauty Salon $33.60$34.683.1%
Toothpaste $2.18$2.4711.9%
Shampoo $0.88$1.0213.9%
Movie $9.75$9.871.2%
Bowling $4.29$4.392.3%


ItemNorthwoodNational avg.Difference
Ground Beef $6.34$4.4841.6%
Fried Chicken $1.72$1.4617.5%
Milk $2.42$2.362.7%
Potatoes $2.69$3.0612.1%
Pizza $9.00$9.242.6%
Beer $8.12$8.635.9%

Health Care

ItemNorthwoodNational avg.Difference
Optometrist $91.67$99.788.1%
Doctor $95.00$105.039.6%
Dentist $81.80$88.707.8%
Ibuprofen $9.26$9.411.6%
Lipitor $338.38$298.5013.4%


ItemNorthwoodNational avg.Difference
Home Price $104,400.00$175,700.0040.6%
Avg. Mortgage Payment $1,034.05$1,081.034.3%
Apartment Rent $820.00$920.0010.9%


ItemNorthwoodNational avg.Difference
Gasoline $2.00$2.094.4%
Tire Balancing $34.64$45.2923.5%


ItemNorthwoodNational avg.Difference
All Electricity$169.84$170.800.6%
Phone $29.95$28.266.0%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Harbor View, OH14580-20%
Hessville, OH22582-18%
Toledo, OH283,93286-14%
Walbridge, OH3,05687-13%
Clay Center, OH29187-13%
Northwood, OH5,28590-10%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Williamsville, NY5,28693-7%
Montevideo, MN5,28389-11%
Tipton, IN5,28883-17%
Vail, CO5,28015353%
Rothschild, WI5,27989-11%
Northwood, OH5,28590-10%
Source: The Northwood, OH cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.