Norwood, OH is a vibrant city located just outside of Cincinnati. It is home to many businesses such as the Norwood Fire Department, Norwood Public Library, and Rumpke Waste & Recycling. The living costs in Norwood are relatively low compared to the US average; the average two-bedroom rent is only $1,040 while the US average is $1,430. Similarly, grocery cost index in Norwood is 97 versus 100 in the US. This makes it an attractive option for individuals looking for a cost-friendly place to live with access to all essential amenities.
Norwood has an unemployment rate of 4.4%. The US average is 6.0%.
Norwood has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 30.6%, which is lower than the US average of 33.5%.
Tax Rates for Norwood
- The Sales Tax Rate for Norwood is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Norwood is 5.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Norwood
- The average income of a Norwood resident is $22,589 a year. The US average is $28,555 a year.
- The Median household income of a Norwood resident is $48,703 a year. The US average is $69,021 a year.