Norwood, PA Cost Of Living

Demographics | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Norwood, PA Summary

Cost of living in Norwood research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Norwood is expensive. An index value below 100 means the city is a relatively cheap place to live.

On a city-by-city basis in Pennsylvania, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:

  • The cost of living index in Norwood is 102, with 100 being the average.

  • The cost of living index in Norwood is 1.0x higher than the national average.

  • Norwood ranks as the #165 cheapest in Pennsylvania out of 247.

  • Norwood ranks as the #3,380 cheapest out of 6,412 in the US.

  • The median home value in Norwood is $184,800.

  • The median income in Norwood is $90,568.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
102
Norwood's Overall Cost Of Living
1.0x
Higher Than The National Average

What is the cost of living in Norwood, PA?

According to the most recent data on the cost of living, Norwood has an overall cost of living index of 102, which is 1.0x higher than the national index of 100.

Compared to Pennsylvania, Norwood has a cost of living index that's 1.1x higher than Pennsylvania's index of 97.

The standard of living in Norwood ranks as #165 most affordable out of the 247 places we measured in Pennsylvania. By definition, that implies Norwood ranks as the #82 most expensive place in the Keystone State.

For more reading on life in Norwood, check out:

165 out of 247
In Pennsylvania
3,380 out of 6,412
In America

Norwood Cost Of Living Vs. Pennsylvania

Six factors go into calculating the cost of living index in Norwood. Here is how it fairs on each of the criteria:

  • The Services index in Norwood is 104.

  • The Groceries index in Norwood is 121.

  • The Health index in Norwood is 100.

  • The Housing index in Norwood is 91.

  • The Transportation index in Norwood is 115.

  • The Utilities index in Norwood is 110.

Living Expense Norwood Pennsylvania National Average
Overall 102 97 100
Services 104 99 100
Groceries 121 101 100
Health 100 97 100
Housing 91 85 100
Transportation 115 105 100
Utilities 110 106 100
For more reading on cost of living around Pennsylvania, check out:
Norwood Cost of Living Vs. PA

Norwood, PA Housing Cost Breakdown

Housing swings affordability the most between places in Pennsylvania, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:

  • The Median Home Value in Norwood is $184,800.

  • The Median Rent in Norwood is $1,099.

  • The Median Income in Norwood is $90,568.

  • The Home Value To Income in Norwood is 2.0x.

  • The Rent To Monthly Income in Norwood is 0.15x.

Statistic Norwood Pennsylvania United States
Median Home Value $184,800 $197,300 $244,900
Median Rent $1,099 $1,013 $1,163
Median Income $90,568 $67,587 $69,021
Home Value To Income 2.0x 2.9x 3.5x
Rent To Monthly Income 0.15x 0.18x 0.2x
Search Homes For Sale In Norwood, PA
$184,800
Median Home Value
$1,099
Median Rent
$90,568
Median Income

Norwood, PA Costs By Category

Detailed Norwood Services Costs Vs. Pennsylvania

Item Norwood Pennsylvania
Shampoo $1.02 $1.06
Movie $12.0 $10.68
Bowling $18.8 $14.67
Haircut $19.66 $18.62
Beauty Salon $60.55 $39.05

Detailed Norwood Groceries Costs Vs. Pennsylvania

Item Norwood Pennsylvania
Ground Beef $4.57 $4.22
Fried Chicken $1.6 $1.39
Milk $2.18 $2.05
Potatoes $3.66 $3.29
Pizza $10.67 $10.62
Beer $8.81 $9.38
Toothpaste $2.34 $2.34

Detailed Norwood Health Costs Vs. Pennsylvania

Item Norwood Pennsylvania
Optometrist $108.61 $108.57
Doctor $133.89 $116.17
Dentist $96.86 $99.13

Detailed Norwood Transportation Costs Vs. Pennsylvania

Item Norwood Pennsylvania
Gasoline $2.42 $2.22
Tire Balancing $60.97 $50.07

Detailed Norwood Utilities Costs Vs. Pennsylvania

Item Norwood Pennsylvania
All Electricity $193.98 $167.67
Phone $192.07 $175.64

Norwood SnackAbility

6
/10
Overall SnackAbility
Jobs
7/10
Housing
8
Affordability
8.5
Diversity
6
Safety
N/A
Amenities
8.5
Education
7
Commute
8

Cost Of Living In Cities Around Norwood

The cost of living varies in the cities and towns around Norwood. Here's a quick look at the cost of living in the most populous nearby places:

  • Springdale, NJ has a cost of living index of 135, 1.3x Norwood.

  • Ardmore, PA has a cost of living index of 126, 1.2x Norwood.

  • Greentree, NJ has a cost of living index of 126, 1.2x Norwood.

City Population Cost Of Living Vs. Norwood
Springdale, NJ 15,393 135 1.3x
Ardmore, PA 14,391 126 1.2x
Greentree, NJ 10,517 126 1.2x
Ashland, NJ 9,248 117 1.1x
Collingdale, PA 8,857 99 1.0x
Folsom, PA 8,430 111 1.1x
Glenside, PA 7,411 117 1.1x
Glenolden, PA 7,187 103 1.0x
Ridley Park, PA 7,131 112 1.1x
Folcroft, PA 6,738 102 1.0x

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