States › Ohio › Northwood

Is Northwood, OH expensive to live in?

CheapRent takes 15 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,06739% lower than U.S. average
💵 Families earn per year (2026)$83,334about $6,945/month · 4% lower than U.S. average
🔑 House price$183,10045% lower than U.S. average

Rent is lower than in 84% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Most homes (83.6%) are owned, so rentals can be hard to find.

How much money do I need?

To rent here comfortably, you should earn about $42,680 a year. That is $21 an hour at a full-time job.

Is rent cheaper than other Ohio cities?

Yes. Rent here is cheaper than in most of Ohio. It is number 78 of 288 cities from cheapest to most expensive.

Northwood
$1,067
Uhrichsville
$1,047
Delhi Hills
$1,703
Chardon
$1,286
Miami Heights
$1,576
Johnstown
$1,868
Toronto
$827

How much do households earn in Northwood?

Under $25k
10.2%
$25k–50k
14.0%
$50k–100k
46.1%
$100k–150k
16.6%
$150k+
11.7%

Share of households by yearly income. 28.3% of households earn $100,000 or more.

How expensive is Northwood overall?

Everyday prices in Ohio overall are 7% below the U.S. average (index 92.8, U.S. = 100).

Housing
73
Goods (food, clothes…)
94
Utilities
96
Other services
99
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Northwood, so the Ohio figure is shown.

Taxes and bills in Northwood

🏛️ Property tax$2,624a year · 1.43% of home value · U.S. $3,119
⚡ Electric bill$124a month (typical) · U.S. $156

Life in Northwood

Commute to work20 minU.S.: 26.4 min
College degree25.7%U.S.: 35.7%
Own their home83.6%U.S.: 65.2%
Below poverty line13.8%U.S.: 12.5%
Unemployment0.2%U.S.: 5.2%

Is it cheaper to rent or buy in Northwood?

Renting is cheaper right now: about $203 a month less.

Renting
$1,067
Owning
$1,270

Owning assumes a typical $183,100 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $18,310 for the down payment.

Frequently asked questions

What is the average rent in Northwood, OH?

Renting in Northwood costs a median of about $1,067 a month in 2026, including utilities. The Ohio median is $1,261.

How much do I need to make to live in Northwood?

To keep rent under 30% of income, you need about $42,680 a year, or $21 an hour at a full-time job.

Is Northwood cheap or expensive?

Northwood is rated Cheap: rent takes 15.4% of the typical household income of $83,334. It ranks 78th cheapest of 288 Ohio cities we track.

How much are property taxes in Northwood?

The median homeowner in Northwood pays $2,624 a year in property taxes, about 1.43% of the median home value.

Is Northwood more expensive than the national average?

Overall prices in Ohio are 7% below the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Northwood?

The median home value in Northwood is $183,100, about 2.2 times the typical yearly household income.

5,193 people live in Northwood. Numbers are typical (middle) values.