Cost of Living in Norwood, CO
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
111.5
100 = national avg
+11.5 vs national average
Living Wage (1 Adult)
$49,052
per year
Living Wage (Family of 4)
$115,941
per year
Cost Index by Category
Housing147.8
Food93.0
Transportation86.1
Healthcare94.4
Utilities105.4
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,254
per month
2 Bedroom
$1,645
per month
The overall cost of living index in Norwood is 111.5, which is 11.5% above the national average. Housing costs are above the national average at an index of 147.8. A single adult needs to earn approximately $49,052 per year to cover basic expenses.