Cost of Living in Norwood, OH
Population 19,023 · Ohio · Data vintage 2023
(100 = US avg)
Buyers in Norwood can reasonably expect a home to cost less than three years of household income — $228,000 against $64,724 in typical earnings — a ratio that has collapsed to 5:1 or worse in much of the country.
Located <5 miles east of Cincinnati, Norwood falls within that metro's commuting orbit. Housing prices track closely with Cincinnati's $215,000 median.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Norwood
The median home value in Norwood is $228,300 — 25% below the national median of $305,000. Median rent runs $925/month, 30% lower than the national median of $1,314/month. The median household income of $64,724/year is 13% lower than the US median of $74,580. The local unemployment rate is 4.4%, 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 65.4°F and lows of 44.2°F. Overall, Norwood has a cost of living index of 73 versus the US average of 100, meaning it is 27% less expensive.
🏠 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 | 41 | 45 | 55 | 67 | 75 | 83 | 87 | 86 | 80 | 68 | 55 | 45 |
| Low °F | 24 | 26 | 33 | 43 | 53 | 61 | 65 | 64 | 56 | 44 | 34 | 28 |
| Precip" | 2.86 | 2.79 | 3.94 | 4.37 | 4.70 | 4.61 | 4.39 | 3.39 | 3.07 | 3.05 | 2.91 | 3.32 |
💨 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 Norwood, OH?
Norwood has a cost index of 73 (100 = national average). It is 27% below the national average.
What is average rent in Norwood, OH?
The median gross rent in Norwood is $925 per month based on 2023 Census data.
What is the average home price in Norwood?
The median home value in Norwood is $228,300 according to Zillow and Census data.
What is the median income in Norwood?
The median household income in Norwood is $64,724 per year (2023 ACS 5-year estimates).
What is the sales tax in Norwood, OH?
The combined state and local sales tax rate in Norwood is 7.2%. The Ohio state income tax top rate is 3.8%.
Is Norwood, OH affordable?
Yes, Norwood is generally considered affordable, with a cost of living index of 73 — about 27% below the US national average of 100.
What is the weather like in Norwood?
Norwood has average high temperatures of 65.4°F and average lows of 44.2°F. Annual precipitation is 43.4". Data from NOAA 1991–2020 Climate Normals.
Norwood at a Glance
- Population
- 19,023
- Median Income
- $64,724
- Home Value
- $228,300
- Median Rent
- $925/mo
- Unemployment
- 4.4%
- Avg High Temp
- 65.4°F
- Sales Tax
- 7.2%
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Explore county-level cost of living data
Ohio Rankings
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