Cost of Living in Norwood Young America, MN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
112.4
100 = national avg
+12.4 vs national average
Living Wage (1 Adult)
$49,473
per year
Living Wage (Family of 4)
$116,937
per year
Cost Index by Category
Housing129.1
Food101.9
Transportation103.7
Healthcare101.5
Utilities106.9
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,405
per month
2 Bedroom
$1,709
per month
The overall cost of living index in Norwood Young America is 112.4, which is 12.4% above the national average. Housing costs are above the national average at an index of 129.1. A single adult needs to earn approximately $49,473 per year to cover basic expenses.