Norwood, NJ Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2021-02-06
163
Norwood's Overall Cost Of Living
1.6x
Higher Than The National Average
219 out of 247
In New Jersey
6,037 out of 6,399
In America
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, 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.

For more reading on life in Norwood, check out:

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
For more reading on cost of living around New Jersey, check out:
Norwood Cost of Living Vs. NJ

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.

$626,700
Median Home Value
$1,851
Median Rent
$122,200
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

7
/10
Overall SnackAbility
Jobs
9/10
Housing
9.5
Affordability
6
Diversity
8.5
Safety
9.5
Amenities
8
Education
9
Commute
3

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

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