Housing costs in Norwood?
A typical home costs
$416,500, which is 23.2% more expensive than the national average of
$338,100 and 21.0% less expensive than the average Colorado home, at
$527,200. Renting a two-bedroom unit in Norwood costs
$1,730 per month, which is 21.0% more than the national average of
$1,430 and 4.6% more than the state average of
$1,650.
Can I afford Norwood?
To live comfortably in Norwood, Colorado, a minimum annual income of
$79,920 for a family, and
$52,400 for a single person is recommended.
What does A.I. say about Norwood?
The cost of living in Norwood, CO is generally considered to be quite affordable. The median home price is around $170,000, and rent in the area averages between $800 to $1,200 per month. Groceries tend to be a little bit higher than other parts of the state, but overall prices are still fairly reasonable. The cost of utilities is also quite low when compared to other locations in Colorado. Additionally, the local taxes are relatively low and there are no major sales taxes for most items purchased in Norwood. All things considered, living in Norwood can be a great choice for those wanting to enjoy all that Colorado has to offer without breaking the bank.