Cost of Living in Norwood, LA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
88.3
100 = national avg
-11.7 vs national average
Living Wage (1 Adult)
$38,848
per year
Living Wage (Family of 4)
$91,822
per year
Cost Index by Category
Housing108.9
Food83.1
Transportation66.3
Healthcare86.5
Utilities91.7
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,064
per month
2 Bedroom
$1,204
per month
The overall cost of living index in Norwood is 88.3, which is 11.7% below the national average. Housing costs are above the national average at an index of 108.9. A single adult needs to earn approximately $38,848 per year to cover basic expenses.