Norwood, NJ Cost Of Living
Norwood's Overall Cost Of Living
Higher Than The National Average
In New Jersey
In America
What is the cost of living in Norwood, NJ?
According to the most recent data on the cost of living, Norwood has an overall cost of living index of 163 which is 1.6x higher than the national index of 100.
Compared to only New Jersey, Norwood has a cost of living index that's 1.3x higher than New Jersey's index of 123.
The standard of living in Norwood ranks as #6,041 most affordable out of the 6,522 places we measured in New Jersey. By definition, that implies Norwood ranks as the #365 most expensive place in the Garden State.
Norwood Cost Of Living Vs. New Jersey
| Living Expense | Norwood | New Jersey | National Average | |
|---|---|---|---|---|
| Overall | 163 | 123 | 100 | |
| Services | 114 | 111 | 100 | |
| Groceries | 108 | 110 | 100 | |
| Health | 107 | 102 | 100 | |
| Housing | 284 | 158 | 100 | |
| Transportation | 111 | 110 | 100 | |
| Utilities | 105 | 100 | 100 | |
Norwood, NJ Housing Cost Breakdown
Housing swings affordability the most between places in New Jersey, 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 | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $626,700 | $335,600 | $217,500 |
| Median Rent | $1,851 | $1,334 | $1,062 |
| Median Income | $122,200 | $82,545 | $62,843 |
| Home Value To Income | 5.1x | 4.1x | 3.5x |
| Rent To Monthly Income | 0.18x | 0.19x | 0.2x |
Detailed Norwood Services Costs Vs. New Jersey
| Item | Norwood | New Jersey |
|---|---|---|
| Shampoo | $1.09 | $1.01 |
| Movie | $12.14 | $10.72 |
| Bowling | $18.4 | $13.86 |
Detailed Norwood Groceries Costs Vs. New Jersey
| Item | Norwood | New Jersey |
|---|---|---|
| Ground Beef | $3.85 | $3.9 |
| Fried Chicken | $1.66 | $1.4 |
| Milk | $2.21 | $1.96 |
Detailed Norwood Health Costs Vs. New Jersey
| Item | Norwood | New Jersey |
|---|---|---|
| Haircut | $24.0 | $17.49 |
| Beauty Salon | $39.0 | $38.17 |
| Toothpaste | $2.01 | $2.32 |
Detailed Norwood Transportation Costs Vs. New Jersey
| Item | Norwood | New Jersey |
|---|---|---|
| Potatoes | $3.39 | $3.18 |
| Pizza | $11.99 | $10.39 |
| Beer | $8.99 | $9.23 |
| Optometrist | $113.0 | $106.34 |
| Doctor | $96.67 | $115.25 |
| Dentist | $121.0 | $98.38 |
Detailed Norwood Utilities Costs Vs. New Jersey
| Item | Norwood | New Jersey |
|---|---|---|
| Gasoline | $2.77 | $2.59 |
| Tire Balancing | $59.0 | $48.9 |
| All Electricity | $184.45 | $167.6 |
| Phone | $177.03 | $163.42 |
Norwood SnackAbility
/10
Cost Of Living In Cities Around Norwood
| City | Population | Cost Of Living | Vs. Norwood |
|---|---|---|---|
| Mamaroneck, NY | 19,217 | 168 | 1.0x |
| Port Washington, NY | 15,808 | 185 | 1.1x |
| Closter, NJ | 8,565 | 168 | 1.0x |
| Briarcliff Manor, NY | 7,616 | 174 | 1.1x |
| Tappan, NY | 7,227 | 152 | 0.9x |
| Pleasantville, NY | 7,221 | 164 | 1.0x |
| Irvington, NY | 6,529 | 167 | 1.0x |
| Bronxville, NY | 6,409 | 216 | 1.3x |
| Larchmont, NY | 6,096 | 223 | 1.4x |
| Old Tappan, NJ | 5,914 | 182 | 1.1x |
