Northwood has the 3428th largest population in the United States. The population grew by 2.5% from 2010 to 2015, which was faster than the national average. Northwood is part of the Toledo metro area. Unemployment in the Toledo area is 4%, which is lower than the national average, and is getting better. Toledo has the 79th largest local economy in the US, and a low cost of living. The average pay for jobs in Northwood is below average at $42,710, and the median cost of a home in Northwood is $104,400, which is below the national average. 16% of workers in Northwood hold a bachelors degree or higher (above average), and 93% of workers have a high school degree (above average). Driving to work is especially common in Northwood. 82% of Northwood workers drive to work alone, 0% take public transit, 7% carpool, and 9% walk. People in Northwood spend an average of 19 minutes commuting to work, which is shorter than the national average of 26 minutes.