Housing costs in Northwood?
A typical home costs
$155,200, which is 54.1% less expensive than the national average of
$338,100 and 21.2% less expensive than the average Ohio home, at
$197,000. Renting a two-bedroom unit in Northwood costs
$910 per month, which is 7.1% cheaper than the national average of
$980 and close to the state average of
$910.
Can I afford Northwood?
To live comfortably in Northwood (zip 43619), Ohio, a minimum annual income of
$29,880 for a family, and
$28,000 for a single person is recommended.
What does A.I. say about Northwood?
The cost of living in Northwood, OH is relatively affordable. According to the Economic Policy Institute’s Family Budget Calculator, a family of four in Northwood needs an annual income of $77,087 to cover their basic expenses such as housing, food, child care, transportation and other necessary expenses. The median home price in Northwood is $140,000 and the median rent for a two-bedroom apartment is $800 per month. Utility costs are also quite low compared to the national average. In addition, there are several grocery stores and discount retailers located throughout the city that offer competitive prices on everyday goods and services.