Cost of Living in Norwood, MI
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
121.3
100 = national avg
+21.3 vs national average
Living Wage (1 Adult)
$53,351
per year
Living Wage (Family of 4)
$126,103
per year
Cost Index by Category
Housing144.4
Food105.4
Transportation110.8
Healthcare104.3
Utilities112.1
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$800
per month
2 Bedroom
$1,039
per month
The overall cost of living index in Norwood is 121.3, which is 21.3% above the national average. Housing costs are above the national average at an index of 144.4. A single adult needs to earn approximately $53,351 per year to cover basic expenses.