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.
IndexNorwoodMichiganNational
Cost of living index10288100
IndexNorwoodMichiganNational
Goods & Services index9293100
Groceries index9291100
Health care index10694100
Housing index11774100
Transportation index98103100
Utilities index10691100

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Did you know?

  • The cost of living in Norwood is 16% higher than the Michigan average.
  • The cost of living in Norwood is 2% higher than the national average.
  • The cost of housing in Norwood is 17% higher than the national average.
  • Michigan general sales tax is 18% higher than the national average.
  • Michigan state income tax is 91% higher than the national average.

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Compare Norwood, MI Cost of living To Other Cities

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Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$61,667$5,139$1,439$1,850
Renters$0$0$0$0

Michigan Sales Tax

StateGeneral Sales TaxWith Max Surtax
Michigan6%6%

Michigan Income Tax

StateIncome Tax (Low)Income Tax (High)
Michigan4.25%4.25%

Goods & Services

ItemNorwoodNational avg.Difference
Haircut $9.94$16.0938.2%
Beauty Salon $21.00$37.3343.8%
Toothpaste $1.74$2.4528.7%
Shampoo $0.80$1.0019.7%
Movie $10.45$10.281.7%
Bowling $2.57$4.9347.8%

Groceries

ItemNorwoodNational avg.Difference
Ground Beef $3.99$3.805.0%
Fried Chicken $1.29$1.407.7%
Milk $1.70$2.0115.3%
Potatoes $1.52$3.0149.6%
Pizza $10.32$9.894.4%
Beer $7.74$8.9013.0%

Health Care

ItemNorwoodNational avg.Difference
Optometrist $57.56$102.1643.7%
Doctor $138.84$108.3628.1%
Dentist $91.99$92.530.6%
Ibuprofen $8.81$9.285.0%
Lipitor $438.10$425.822.9%

Housing

ItemNorwoodNational avg.Difference
Home Price $216,700.00$184,700.0017.3%
Avg. Mortgage Payment $1,012.37$1,202.4415.8%
Apartment Rent $0.00$949.00100.0%

Transportation

ItemNorwoodNational avg.Difference
Gasoline $2.20$2.241.8%
Tire Balancing $45.78$46.291.1%

Utilities

ItemNorwoodNational avg.Difference
All Electricity$150.41$165.969.4%
Phone $35.86$28.6825.0%
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, StatePopulationCost of Living IndexNational Avg.
East Jordan, MI2,33581-19%
Central Lake, MI1,01881-19%
Ellsworth, MI34083-17%
Charlevoix, MI2,52292-8%
Ironton, MI19394-6%
Norwood, MI1551022%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Macdoel, CA15595-5%
Germantown, KY15583-17%
Fallon, MT1551044%
Shevlin, MN15585-15%
Westdale, TX15598-2%
Norwood, MI1551022%
Source: The Norwood, MI cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.