Housing costs in Norwood?
A typical home costs
$91,100, which is 73.1% less expensive than the national average of
$338,100 and 62.3% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Norwood costs
$890 per month, which is 37.8% cheaper than the national average of
$1,430 and 41.6% cheaper than the state average of
$1,260.
Can I afford Norwood?
To live comfortably in Norwood, Illinois, a minimum annual income of
$17,280 for a family, and
$28,000 for a single person is recommended.
What does A.I. say about Norwood?
The cost of living in Norwood, IL is quite reasonable. Housing costs are relatively low compared to the national average, with a median home value of around $140,000. The cost of groceries and healthcare services are also lower than the national average, making it an ideal place to live for those who want to save money while still enjoying all that a small town has to offer. Additionally, taxes in Norwood are among the lowest in Illinois, giving residents even more financial flexibility. All in all, Norwood offers excellent value for money and provides residents with a high quality of life at an affordable price.