Norwood, CO 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	Colorado	National
Cost of living index	91	108	100
Index	Norwood	Colorado	National
Goods & Services index	90	99	100
Groceries index	97	99	100
Health care index	101	103	100
Housing index	87	134	100
Transportation index	100	104	100
Utilities index	87	78	100

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The cost of living in Norwood is 16% lower than the Colorado average.
The cost of living in Norwood is 9% lower than the national average.
The cost of housing in Norwood is 13% lower than the national average.
Colorado general sales tax is 43% lower than the national average.
Colorado state income tax is 108% 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	$56,354	$4,696	$1,315	$1,691
Renters	$0	$0	$0	$0

Colorado Sales Tax

State	General Sales Tax	With Max Surtax
Colorado	2.9%	10%

Colorado Income Tax

State	Income Tax (Low)	Income Tax (High)
Colorado	4.63%	4.63%

Goods & Services

Item	Norwood	National avg.	Difference
Haircut	$13.20	$16.09	17.9%
Beauty Salon	$30.67	$37.33	17.9%
Toothpaste	$1.82	$2.45	25.7%
Shampoo	$0.87	$1.00	12.7%
Movie	$12.01	$10.28	16.8%
Bowling	$4.91	$4.93	0.5%

Groceries

Item	Norwood	National avg.	Difference
Ground Beef	$4.40	$3.80	15.7%
Fried Chicken	$1.33	$1.40	4.6%
Milk	$1.85	$2.01	7.6%
Potatoes	$1.80	$3.01	40.2%
Pizza	$10.81	$9.89	9.3%
Beer	$8.04	$8.90	9.6%

Health Care

Item	Norwood	National avg.	Difference
Optometrist	$85.04	$102.16	16.8%
Doctor	$122.21	$108.36	12.8%
Dentist	$95.10	$92.53	2.8%
Ibuprofen	$9.33	$9.28	0.6%
Lipitor	$356.69	$425.82	16.2%

Housing

Item	Norwood	National avg.	Difference
Home Price	$158,700.00	$184,700.00	14.1%
Avg. Mortgage Payment	$1,278.85	$1,202.44	6.4%
Apartment Rent	$855.00	$949.00	9.9%

Transportation

Item	Norwood	National avg.	Difference
Gasoline	$2.20	$2.24	1.8%
Tire Balancing	$47.85	$46.29	3.4%

Utilities

Item	Norwood	National avg.	Difference
All Electricity	$136.23	$165.96	17.9%
Phone	$26.79	$28.68	6.6%

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.
Naturita, CO	438	83	-17%
Nucla, CO	520	86	-14%
Redvale, CO	198	91	-9%
Norwood, CO	712	91	-9%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Bancroft, IA	712	82	-18%
Vader, WA	712	95	-5%
Wheatland, IA	712	90	-10%
Miller, MO	712	79	-21%
Queen Valley, AZ	712	89	-11%
Norwood, CO	712	91	-9%

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

Norwood, CO Cost of Living