Cost of Living in Norwood, NJ
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
248.7
100 = national avg
+148.7 vs national average
Living Wage (1 Adult)
$109,426
per year
Living Wage (Family of 4)
$258,643
per year
Cost Index by Category
Housing319.2
Food175.9
Transportation251.9
Healthcare160.7
Utilities189.4
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$2,024
per month
2 Bedroom
$2,324
per month
The overall cost of living index in Norwood is 248.7, which is 148.7% above the national average. Housing costs are above the national average at an index of 319.2. A single adult needs to earn approximately $109,426 per year to cover basic expenses.