Cost of Living in Norwood, IL

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11%
Overall NAT. AVG.
3%
Groceries NAT. AVG.
37%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Norwood Illinois National
Cost of living8998100
Groceries97100100
Health care101100100
Housing6395100
Transportation101101100
Utilities10399100
Lifestyle & Entertainment101100100
Household Items100100100
Education & Childcare101100100
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Homes For Sale In Norwood, IL

property for sale

6517 W Lamoine St

Peoria, IL
property for sale

1636 N Norwood Blvd

Peoria, IL
property for sale

1401 N Boyd Ave

Peoria, IL
property for sale

1622 N Moody Ct

Peoria, IL

Cost Of Living Quick Facts

  • The cost of living in Norwood is 9% lower than the Illinois average
  • The cost of living in Norwood is 11% lower than the national average
  • Norwood housing is 37% lower than the national average
  • Illinois general sales tax is 22% higher than the national average
  • Illinois state income tax is 91% higher than the national average

Most Affordable Places to Live in and Around Norwood

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Compare Norwood, IL Cost of Living

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      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$111,309$9,276$2,597$3,340
      Renters$76,731$6,394$1,790$2,302

      Illinois Sales Tax

      State General Sales Tax With Max Surtax
      Illinois 6.25% 10.25%

      Illinois Income Tax

      State Income Tax (Low) Income Tax (High)
      Illinois 4.95% 4.95%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Mapleton, IL3458316.6%
      Banner, IL2138415.8%
      Creve Coeur, IL5,2618515.3%
      Kingston Mines, IL2468515.2%
      Glasford, IL9218614.3%
      Norwood, IL4868911.0%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Courtland, CA48618484.3%
      Cowan, CA48611414.4%
      Thornton, IA4868218.0%
      Richfield, ID486918.8%
      Glasco, KS4868020.5%
      Norwood, IL4868911.0%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
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