Housing costs in Norwood?
A typical home costs
$673,100, which is 99.1% more expensive than the national average of
$338,100 and 55.8% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Norwood costs
$2,250 per month, which is 31.6% more than the national average of
$1,710 and 3.6% more than the state average of
$2,170.
Can I afford Norwood?
To live comfortably in Norwood (zip 07648), New Jersey, a minimum annual income of
$128,880 for a family, and
$77,600 for a single person is recommended.
What does A.I. say about Norwood?
The cost of living in 07648 Norwood, NJ is relatively affordable compared to other places in New Jersey. The average home price here is approximately $443,000, with the median rent being around $1,800 per month. Despite the high housing costs here, it’s still more affordable than some neighboring towns due to its proximity to the city. Additionally, the monthly utility bills are lower than many other places nearby and transportation options are numerous and competitively priced. All in all, while living in 07648 Norwood may be on the pricier side of New Jersey, it is still a relatively affordable place to live that provides access to local amenities and quality services at a reasonable cost.