Cost of Living in Northwood, OH
Population 5,195 · Ohio · Data vintage 2023
(100 = US avg)
Buyers in Northwood can reasonably expect a home to cost less than three years of household income — $168,000 against $76,332 in typical earnings — a ratio that has collapsed to 5:1 or worse in much of the country. The labor market has been unusually tight, with unemployment around 0.1% — below most comparable cities in the state.
Located 6 miles southeast of Toledo, Northwood falls within that metro's commuting orbit. Median home values run roughly 57% higher than Toledo's $107,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Northwood
The median home value in Northwood is $168,400 — 45% below the national median of $305,000. Median rent runs $964/month, 27% lower than the national median of $1,314/month. The median household income of $76,332/year is 2% higher than the US median of $74,580. The local unemployment rate is 0.1%, below the national average of 4.8%. Ohio's top state income tax rate is 3.8% and the combined sales tax is 7.2%. The climate averages highs of 60.2°F and lows of 42.6°F. Overall, Northwood has a cost of living index of 62 versus the US average of 100, meaning it is 38% less expensive.
Northwood has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 34 | 36 | 47 | 60 | 71 | 81 | 85 | 82 | 76 | 64 | 50 | 38 |
| Low °F | 20 | 22 | 29 | 40 | 51 | 61 | 65 | 63 | 55 | 45 | 34 | 26 |
| Precip" | 1.79 | 1.75 | 2.31 | 3.26 | 3.50 | 3.24 | 3.24 | 3.49 | 3.06 | 2.36 | 2.27 | 2.09 |
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Northwood, OH?
Northwood has a cost index of 62 (100 = national average). It is 38% below the national average.
What is average rent in Northwood, OH?
The median gross rent in Northwood is $964 per month based on 2023 Census data.
What is the average home price in Northwood?
The median home value in Northwood is $168,400 according to Zillow and Census data.
What is the median income in Northwood?
The median household income in Northwood is $76,332 per year (2023 ACS 5-year estimates).
What is the sales tax in Northwood, OH?
The combined state and local sales tax rate in Northwood is 7.2%. The Ohio state income tax top rate is 3.8%.
Is Northwood, OH affordable?
Yes, Northwood is generally considered affordable, with a cost of living index of 62 — about 38% below the US national average of 100.
What is the weather like in Northwood?
Northwood has average high temperatures of 60.2°F and average lows of 42.6°F. Annual precipitation is 32.4". Data from NOAA 1991–2020 Climate Normals.
Northwood at a Glance
- Population
- 5,195
- Median Income
- $76,332
- Home Value
- $168,400
- Median Rent
- $964/mo
- Unemployment
- 0.1%
- Avg High Temp
- 60.2°F
- Sales Tax
- 7.2%
Nearby Cities
Explore county-level cost of living data
Ohio Rankings
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