Housing costs in Norwood?
A typical home costs
$227,900, which is 32.6% less expensive than the national average of
$338,100 and 21.2% less expensive than the average North Carolina home, at
$289,300. Renting a two-bedroom unit in Norwood costs
$820 per month, which is 42.7% cheaper than the national average of
$1,430 and 35.4% cheaper than the state average of
$1,110.
Can I afford Norwood?
To live comfortably in Norwood, North Carolina, a minimum annual income of
$43,560 for a family, and
$27,200 for a single person is recommended.
What does A.I. say about Norwood?
Norwood, NC is a small town located in the south-central part of the state. It has a low cost of living, making it an attractive destination for those looking for a more affordable way to live. Groceries, healthcare, housing and transportation are all reasonably priced compared to other areas in North Carolina. The median home value for Norwood is around $115,000 which is considerably lower than many of its surrounding communities. With relatively low taxes and a lower cost of living than most areas in the region, Norwood is an attractive option for people looking to save money on their day-to-day expenses.