Housing costs in Norwood?
A typical home costs
$424,800, which is 25.6% more expensive than the national average of
$338,100 and 19.4% less expensive than the average Colorado home, at
$527,200. Renting a two-bedroom unit in Norwood costs
$1,680 per month, which is 17.5% more than the national average of
$1,430 and close to the state average of
$1,650.
Can I afford Norwood?
To live comfortably in Norwood (zip 81423), Colorado, a minimum annual income of
$81,360 for a family, and
$51,200 for a single person is recommended.
What does A.I. say about Norwood?
The cost of living in Norwood, CO 81423 is relatively affordable. The median home price is $257,000, which is well below the national median of $309,700. Renting a two bedroom apartment in the area typically costs around $1000 per month. Groceries and other essential items are moderately priced as compared to other cities across the country. The unemployment rate in Norwood is slightly higher than the national average but job opportunities can still be found with many employers offering competitive wages. Overall, Norwood residents enjoy a relatively low cost of living that allows for more financial freedom and stability.