Cost of Living in Northwood, OH

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11%
Overall NAT. AVG.
1%
Groceries NAT. AVG.
23%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Northwood Ohio National
Cost of living8989100
Groceries9997100
Health care9496100
Housing7774100
Transportation9296100
Utilities9596100
Lifestyle & Entertainment9095100
Household Items9497100
Education & Childcare9793100
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Homes For Sale In Northwood, OH

property for sale

2120 Mathews Rd

Northwood, OH
property for sale

Oregon Rd

Northwood, OH
property for sale

3692 Lakepointe Dr

Northwood, OH
property for sale

3693 Lakepointe Dr

Northwood, OH
See the Newest Homes For Sale In Northwood, OH

Cost Of Living Quick Facts

  • The cost of living in Northwood is equal to the Ohio average
  • The cost of living in Northwood is 11% lower than the national average
  • Northwood housing is 23% lower than the national average
  • Ohio general sales tax is 13% higher than the national average
  • Ohio state income tax is 6% higher than the national average

Most Affordable Places to Live in and Around Northwood

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      Salary Calculator

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      Price difference in compared to
      Cost of living index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index
      Lifestyle index
      Household index
      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$118,675$9,890$2,769$3,561
      Renters$59,967$4,997$1,399$1,799
      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 homeowners, is $118,675. This would allow for a maximum of $2,769 per month to be spent on housing costs. For renters, the median monthly income is $59,967 which would result in a maximum of $1,399 to be spent on rental costs.

      Ohio Sales Tax

      State General Sales Tax With Max Surtax
      Ohio 5.75% 8%

      Ohio Income Tax

      State Income Tax (Low) Income Tax (High)
      Ohio 2.76% 3.99%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Hessville, OH86964.4%
      Harbor View, OH159955.5%
      Williston, OH4348119.4%
      Stony Ridge, OH6178217.8%
      Toledo, OH281,6448317.1%
      Northwood, OH5,6008910.8%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Buckhannon, WV5,5998712.6%
      Colby, KS5,5988911.0%
      Edgewater, CO5,60213938.5%
      Trent Lakes, ON5,602n/a 
      Frankenmuth, MI5,597982.0%
      Northwood, OH5,6008910.8%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
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