Housing costs in Norwood?
A typical home costs
$184,500, which is 45.4% less expensive than the national average of
$338,100 and 13.1% less expensive than the average Missouri home, at
$212,300. Renting a two-bedroom unit in Norwood costs
$760 per month, which is 46.9% cheaper than the national average of
$1,430 and 25.0% cheaper than the state average of
$950.
Can I afford Norwood?
To live comfortably in Norwood, Missouri, a minimum annual income of
$35,280 for a family, and
$22,800 for a single person is recommended.
What does A.I. say about Norwood?
Norwood, MO has a relatively low cost of living compared to other areas in the country. The median house price is about $100,000, which is considerably lower than the national average. Renting an apartment in Norwood also tends to be cheaper than in other cities. Grocery and utility costs are also kept lower than most places due to the competitive market. Overall, those looking for affordable living and basic necessities will find it easy to do so in Norwood.