Housing costs in Norwood?
A typical home costs
$339,300, which is 0.4% more expensive than the national average of
$338,100 and 74.6% more expensive than the average Kentucky home, at
$194,300. Renting a two-bedroom unit in Norwood costs
$1,290 per month, which is 9.8% cheaper than the national average of
$1,430 and 28.7% more than the state average of
$920.
Can I afford Norwood?
To live comfortably in Norwood, Kentucky, a minimum annual income of
$65,160 for a family, and
$42,800 for a single person is recommended.
What does A.I. say about Norwood?
The cost of living in Norwood, KY is quite affordable compared to other cities in the country. Groceries and housing are much cheaper than the national average, while basic utilities such as electricity and water are slightly cheaper than the national average. The median home value is around $122,000, which is considerably lower than most other areas in Kentucky. Most people can afford to rent a decent two-bedroom apartment for less than $700 a month, making it an attractive option for those looking for a more affordable option. Additionally, taxes in Norwood are much lower than neighboring cities and counties, providing a nominal financial burden on residents.