Housing costs in Norwood?
A typical home costs
$165,500, which is 51.0% less expensive than the national average of
$338,100 and 42.8% less expensive than the average North Carolina home, at
$289,300. Renting a two-bedroom unit in Norwood costs
$840 per month, which is 24.3% cheaper than the national average of
$1,110 and 2.4% more than the state average of
$820.
Can I afford Norwood?
To live comfortably in Norwood (zip 28128), North Carolina, a minimum annual income of
$31,680 for a family, and
$27,600 for a single person is recommended.
What does A.I. say about Norwood?
The cost of living in 28128 Norwood, NC is affordable compared to other areas in the state. The median home price is around $116,000, which is slightly lower than the national average. Additionally, the median household income is $53,830 which is higher than the US average. The cost of living index ranks at 88, which is below the US average of 100 and indicates that general purchasing power in Norwood is lower than that of most locations throughout the US. Overall, residents in Norwood can expect to find an affordable and comfortable lifestyle when considering both housing costs and wages.