Housing costs in Norwood?
A typical home costs
$616,400, which is 82.3% more expensive than the national average of
$338,100 and 10.6% more expensive than the average Massachusetts home, at
$557,300. Renting a two-bedroom unit in Norwood costs
$2,720 per month, which is 90.2% more than the national average of
$1,430 and 21.3% more than the state average of
$2,140.
Can I afford Norwood?
To live comfortably in Norwood, Massachusetts, a minimum annual income of
$118,080 for a family, and
$90,800 for a single person is recommended.
What does A.I. say about Norwood?
The cost of living in Norwood, MA is significantly higher than the US average. According to data from the US Census Bureau, the median house value in Norwood is $616,400 - a whopping 82% higher than the national average of $338,100. In addition to real estate prices being much higher than average, the Cost of Living Index (COLI) for Norwood stands at 141.4 compared with 100 for the US as a whole. As such, it is easy to see why living in Norwood can be quite expensive when compared with other parts of the country.