Norwood, MA Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2020-03-08
Norwood's Overall Cost Of Living
Higher Than The National Average
The cost of living index is set to 100 for the average place in America. An index above 100 means Norwood is expensive, while a number below 100 means it's a relatively cheap place to live.

What is the cost of living in Norwood, MA?

According to the most recent data on the cost of living, Norwood has an overall cost of living index of 142 which is 1.4x higher than the national index of 100.

Compared to only Massachusetts, Norwood has a cost of living index that's 1.1x higher than Massachusetts's index of 131.

The standard of living in Norwood ranks as #5646 most affordable out of the 6522 places we measured in Massachusetts. By definition, that implies Norwood ranks as the #760 most expensive place in the Bay State.

For more reading on life in Norwood, check out:

Norwood Cost Of Living Vs. Massachusetts

Living Expense Norwood Massachusetts National Average
Overall 142 131 100
Services 129 122 100
Groceries 111 109 100
Health 120 121 100
Housing 191 165 100
Transportation 114 107 100
Utilities 120 114 100
For more reading on cost of living around Massachusetts, check out:
Norwood Cost of Living Vs. MA

Norwood, MA Housing Cost Breakdown

Housing swings affordability the most between places in Massachusetts, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.

Home and income come data comes from the most recent US Census ACS 2014-2018.

Median Home Value
Median Rent
Median Income
Statistic Norwood Massachusetts United States
Median Home Value $420,300 $366,800 $204,900
Median Rent $1,530 $1,225 $1,023
Median Income $90,511 $77,378 $60,293
Home Value To Income 4.6x 4.7x 3.4x
Rent To Monthly Income 0.2x 0.19x 0.2x

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Cost Of Living In Cities Around Norwood

City Population Cost Of Living Vs. Norwood
Newton, MA 88,660 190 1.3x
Brookline, MA 59,234 189 1.3x
Arlington, MA 45,147 160 1.1x
Randolph, MA 33,924 127 0.9x
Lexington, MA 33,480 189 1.3x
Needham, MA 30,735 181 1.3x
Wellesley, MA 29,201 214 1.5x
Milton, MA 27,568 155 1.1x
Belmont, MA 26,043 181 1.3x
Dedham, MA 25,377 143 1.0x

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