Cost Of Living
Taking into account the cost of goods and services like housing, groceries, transportation and utilities, the overall cost of living in this area is well below average.
Employment
Higher than average median household income, income per capita and lower unemployment rates are seen in this area. The result is a high score in the employment category.
Housing
High scores in the housing category are a distinguishing feature of this area, possibly driven by a favorable home affordability ratio, higher home values and appreciation rates.
Health & Safety
Good air quality as well as nearby health facilities like hospitals, clinics, nursing homes, fire and police stations all contribute to a higher than average health and safety score.
Amenities
The majority of amenities are not ideally located within walking distance. To access these amenities, residents may be required to rely on a vehicle or public transit.
Commute
A low commute score could be due to longer-than-average work commutes and the limited availability of public transportation in this area.
Located in the state of Ohio, Northwood is a small-sized city with a population of 5,420 people. If we take a look at the last Census, the vast majority of the population falls within one racial group (95% White). Given that fact, Northwood could be considered less diverse than other cities. If you are not a fan of long commutes, you will enjoy living in Northwood. With an average one way commute time of only 16 minutes, getting to and from work is a breeze compared to the national average of 26 minutes.
Living in Northwood can be a positive experience for anyone relocating to the area. Having said that, in the state of Ohio, there are many amazing places to live, so choose wisely! When searching for a new neighborhood, several factors play a vital role in determining its suitability. Safety should be a top priority, ensuring a secure environment with low crime rates. Proximity to your workplace or school helps minimize commuting time and allows for a better work-life balance. Availability of essential amenities such as parks, coffee shops, restaurants, grocery stores, and healthcare facilities contributes to convenience and well-being. Access to reliable public transportation options facilitates easy commuting and connectivity. Additionally, considering the sense of community and the overall atmosphere that resonates with your lifestyle and preferences fosters a harmonious living experience. With useful information like commute, education, employment and other key data points, finding the best places to live in Northwood and in the areas around Northwood is a much easier task.
Using data and statistics Northwood has received a livability score of 76 out of 100. This score is ranked in the 90th percentile when compared to all other cities. This is a fantastic score, as Northwood ranks well in multiple categories! Northwood also ranks in the top 10 percent of all cities, which is no small feat! Based on the scores for each individual category, Northwood has received high marks for cost of living (A+), employment (B+) and housing (A+). Northwood does not do well for the following: amenities (F). It might be wise to take a closer look at each category to find out why.
When contemplating a move, job prospects often top the list of priorities. In Northwood, the outlook for new employment is notably brighter than in many other areas. The low unemployment rate of 2.22% points to a surge in job opportunities, the potential for higher wages, enhanced workforce productivity and increased economic growth. These favorable conditions bode well for individuals seeking career advancement and financial stability, making this area an appealing destination for those prioritizing professional opportunities and economic prosperity.
Finding affordable real estate and housing in Northwood can be tricky. Having said that, this area might be the place to get the best of both worlds. Based on factors like home/rental affordability and appreciation rates, this area has received an above average score in the housing category. A healthy real estate market can lead to wealth appreciation for property owners, as rising property values can contribute to homeowners' equity, financial stability and the ability to build long-term wealth.
There are many factors that go into deciding if an area is the right fit for your lifestyle. Certain “must haves” like low crime, great schools and nearby amenities are all at the top of most people's lists. But before even considering if those options are attainable, we'll need to know if the real estate in Northwood is actually affordable. Median real estate prices in Northwood come in at $137,700, which is 4.4% higher than the Ohio average. The home price to income ratio compares the median home prices to the median household income. In Northwood, the home price to income ratio is 2, which is 23.1% lower than the Ohio average.
| Statistic | Northwood | Ohio | National |
| Average one way commute | 16min | 23min | 26min |
| Workers who drive to work | 88.7% | 83.4% | 76.4% |
| Workers who carpool | 6.4% | 7.8% | 9.3% |
| Workers who take public transit | 0.0% | 1.7% | 5.1% |
| Workers who bicycle | 0.0% | 0.3% | 0.6% |
| Workers who walk | 1.5% | 2.3% | 2.8% |
| Working from home | 2.9% | 3.7% | 4.6% |
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