Norwood, NC Cost Of Living

Norwood cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
Index	Norwood	North Carolina	National
Cost of living index	82	94	100
Index	Norwood	North Carolina	National
Goods & Services index	96	98	100
Groceries index	97	98	100
Health care index	115	107	100
Housing index	58	85	100
Transportation index	75	98	100
Utilities index	83	96	100

Did you know?

The cost of living in Norwood is 13% lower than the North Carolina average.
The cost of living in Norwood is 18% lower than the national average.
The cost of housing in Norwood is 42% lower than the national average.
North Carolina general sales tax is 7% lower than the national average.
North Carolina state income tax is 159% higher than the national average.

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$41,597	$3,466	$971	$1,248
Renters	$24,663	$2,055	$575	$740

North Carolina Sales Tax

State	General Sales Tax	With Max Surtax
North Carolina	4.75%	7.5%

North Carolina Income Tax

State	Income Tax (Low)	Income Tax (High)
North Carolina	5.75%	5.75%

Goods & Services

Item	Norwood	National avg.	Difference
Haircut	$11.50	$16.09	28.5%
Beauty Salon	$29.33	$37.33	21.4%
Toothpaste	$1.90	$2.45	22.5%
Shampoo	$0.95	$1.00	5.1%
Movie	$6.00	$10.28	41.6%
Bowling	$2.25	$4.93	54.4%

Groceries

Item	Norwood	National avg.	Difference
Ground Beef	$3.62	$3.80	4.7%
Fried Chicken	$1.11	$1.40	20.8%
Milk	$1.82	$2.01	9.2%
Potatoes	$3.25	$3.01	8.1%
Pizza	$11.99	$9.89	21.3%
Beer	$8.29	$8.90	6.9%

Health Care

Item	Norwood	National avg.	Difference
Optometrist	$120.00	$102.16	17.5%
Doctor	$150.00	$108.36	38.4%
Dentist	$99.12	$92.53	7.1%
Ibuprofen	$9.22	$9.28	0.6%
Lipitor	$431.91	$425.82	1.4%

Housing

Item	Norwood	National avg.	Difference
Home Price	$95,400.00	$184,700.00	48.3%
Avg. Mortgage Payment	$1,008.12	$1,202.44	16.2%
Apartment Rent	$682.00	$949.00	28.1%

Transportation

Item	Norwood	National avg.	Difference
Gasoline	$2.13	$2.24	5.1%
Tire Balancing	$15.76	$46.29	65.9%

Utilities

Item	Norwood	National avg.	Difference
All Electricity	$155.87	$165.96	6.1%
Phone	$20.50	$28.68	28.5%

Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, State	Population	Cost of Living Index	National Avg.
Troy, NC	3,430	79	-21%
Ansonville, NC	698	85	-15%
Badin, NC	1,906	81	-19%
Mount Gilead, NC	1,123	82	-18%
Millingport, NC	389	82	-18%
Norwood, NC	2,960	82	-18%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Madison, WV	2,959	90	-10%
Lake Wissota, WI	2,959	103	3%
Lake Delton, WI	2,961	95	-5%
Licking, MO	2,957	80	-20%
Soda Springs, ID	2,963	88	-12%
Norwood, NC	2,960	82	-18%

Source: The Norwood, NC cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.

Norwood, NC Cost of Living