Cost of Living in Norwood, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
99.5
100 = national avg
-0.5 vs national average
Living Wage (1 Adult)
$43,794
per year
Living Wage (Family of 4)
$103,514
per year
Cost Index by Category
Housing92.6
Food102.5
Transportation105.1
Healthcare102.0
Utilities100.1
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$818
per month
2 Bedroom
$1,039
per month
The overall cost of living index in Norwood is 99.5, which is 0.5% below the national average. Housing costs are below the national average at an index of 92.6. A single adult needs to earn approximately $43,794 per year to cover basic expenses.