Zip 02062 (Norwood, MA) Cost of Living


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Norwood cost of living score
143.4
More expensive
43.4% higher
than the US average
12.5% higher
than the Massachusetts average
Norwood (zip 02062), Massachusetts gets a BestPlaces Cost of Living score of 143.4, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 43.4% higher than the U.S. average and 12.5% lower than the average for Massachusetts.

Zip 02062 (Norwood, MA)

Housing costs in Norwood?
A typical home costs $602,900, which is 78.3% more expensive than the national average of $338,100 and 8.2% more expensive than the average Massachusetts home, at $557,300. Renting a two-bedroom unit in Norwood costs $2,630 per month, which is 83.9% more than the national average of $1,430 and 18.6% more than the state average of $2,140.

Can I afford Norwood?
To live comfortably in Norwood (zip 02062), Massachusetts, a minimum annual income of $115,560 for a family, and $87,600 for a single person is recommended.

What does A.I. say about Norwood?
The cost of living in 02062 Norwood, MA is relatively high compared to other areas in the US. The median home value is $368,700 and the median rent is $1,746. This means that housing costs account for over 45% of the average household's income. Additionally, grocery prices are close to 10% higher than the national average and transportation costs are slightly above average as well. While these numbers may be daunting for those looking to move to this area, there are numerous opportunities available that make Norwood a desirable place to live.
   Cost of living score
     CategoriesNorwoodMassachusettsUnited States
  143.4127.5100.0
  109.4108.9100
  89.690.2100.0
  200.6175.0100.0
  $602,900$557,300$338,100
  111.1%112.9%100.0%
  128.0107.9100.0
  166.9147.9100.0

   100=National Average

   Average Rent by Bedroom Size
Crime