States › Ohio › Norwood

Is Norwood, OH expensive to live in?

OKRent takes 24 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,52113% lower than U.S. average
💵 Families earn per year (2026)$77,232about $6,436/month · 11% lower than U.S. average
🔑 House price$258,70022% lower than U.S. average

Rent is lower than in 56% of U.S. cities. A typical house costs about 3.3 years of household income.

How much money do I need?

To rent here comfortably, you should earn about $60,840 a year. That is $29 an hour at a full-time job.

Is rent cheaper than other Ohio cities?

No. Rent here is more expensive than in most of Ohio. It is number 203 of 288 cities from cheapest to most expensive.

Norwood
$1,521
Sylvania
$1,859
White Oak
$1,379
Ashland
$1,464
Twinsburg
$2,174
Broadview Heights
$1,198
Oregon
$1,048

How much do households earn in Norwood?

Under $25k
16.8%
$25k–50k
20.9%
$50k–100k
29.8%
$100k–150k
17.7%
$150k+
8.3%

Share of households by yearly income. 26.0% of households earn $100,000 or more.

Rent by apartment size in Norwood

SizeNorwoodU.S. average
Studio$1,031$1,338
1 bedroom$963$1,324
2 bedrooms$1,155$1,509
3 bedrooms$1,557$1,698
4 bedrooms$1,389$2,098

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Norwood 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 Norwood, so the Ohio figure is shown.

Taxes and bills in Norwood

🏛️ Property tax$2,978a year · 1.15% of home value · U.S. $3,119
⚡ Electric bill$176a month (typical) · U.S. $156

Life in Norwood

Commute to work21.7 minU.S.: 26.4 min
College degree41.3%U.S.: 35.7%
Own their home47.5%U.S.: 65.2%
Below poverty line17.5%U.S.: 12.5%
Unemployment4.6%U.S.: 5.2%

Is it cheaper to rent or buy in Norwood?

Renting is cheaper right now: about $274 a month less.

Renting
$1,521
Owning
$1,795

Owning assumes a typical $258,700 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $25,870 for the down payment.

Frequently asked questions

What is the average rent in Norwood, OH?

Renting in Norwood costs a median of about $1,521 a month in 2026, including utilities. The Ohio median is $1,261.

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

To keep rent under 30% of income, you need about $60,840 a year, or $29 an hour at a full-time job.

Is Norwood cheap or expensive?

Norwood is rated OK: rent takes 23.6% of the typical household income of $77,232. It ranks 203rd cheapest of 288 Ohio cities we track.

How much are property taxes in Norwood?

The median homeowner in Norwood pays $2,978 a year in property taxes, about 1.15% of the median home value.

Is Norwood 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 Norwood?

The median home value in Norwood is $258,700, about 3.3 times the typical yearly household income.

19,114 people live in Norwood. Numbers are typical (middle) values.