Housing costs in Norwood?
A typical home costs
$147,400, which is 56.4% less expensive than the national average of
$338,100 and 20.2% less expensive than the average Louisiana home, at
$184,800. Renting a two-bedroom unit in Norwood costs
$830 per month, which is 17.0% cheaper than the national average of
$1,000 and 19.3% cheaper than the state average of
$990.
Can I afford Norwood?
To live comfortably in Norwood (zip 70761), Louisiana, a minimum annual income of
$28,080 for a family, and
$28,800 for a single person is recommended.
What does A.I. say about Norwood?
The cost of living in 70761 Norwood, LA is surprisingly affordable. According to the Council for Community and Economic Research's most recent Cost of Living Index, the cost of living in Norwood is over 10% lower than the national average. Housing costs are particularly low, with a median home value of just $65,400. Additionally, monthly utilities such as electricity, gas and water are very affordable as well. Overall, it's easy to see why Norwood is an attractive destination for those looking to live in an area with a low cost of living.