Cost of Living in Norwood, NC
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
92.1
100 = national avg
-7.9 vs national average
Living Wage (1 Adult)
$40,528
per year
Living Wage (Family of 4)
$95,793
per year
Cost Index by Category
Housing92.4
Food94.3
Transportation88.6
Healthcare95.4
Utilities95.1
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$705
per month
2 Bedroom
$925
per month
The overall cost of living index in Norwood is 92.1, which is 7.9% below the national average. Housing costs are below the national average at an index of 92.4. A single adult needs to earn approximately $40,528 per year to cover basic expenses.