Cost of Living in Norwood, NY
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
92.6
100 = national avg
-7.4 vs national average
Living Wage (1 Adult)
$40,731
per year
Living Wage (Family of 4)
$96,274
per year
Cost Index by Category
Housing85.3
Food97.8
Transportation95.5
Healthcare98.2
Utilities95.7
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$816
per month
2 Bedroom
$1,071
per month
The overall cost of living index in Norwood is 92.6, which is 7.4% below the national average. Housing costs are below the national average at an index of 85.3. A single adult needs to earn approximately $40,731 per year to cover basic expenses.