Cost of Living in Norwood young america, MN
Housing
The housing market plays a significant role in determining the cost of living in Norwood young america, MN.
- Housing Index: 103 / 100
- Median Home Price is: $202,500
- Average Rent (2 BR Apartment): $1560 per month
- Average Rent (2 BR House): $1696 per month
When considering a move to Norwood young america, MN, it's crucial to note that the housing indices currently indicate a lack of available data. Nevertheless, the median home price of 202500 suggests the housing market could be affordable compared to larger urban areas. Given the average rents for both 2-bedroom apartments and houses are at zero, it's wise to further investigate current listings. Always consider nearby amenities, schools, and transport links, as they significantly affect long-term planning. Research local neighborhoods to gain insight into potential future growth or market stability in Norwood young america.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Norwood young america, MN.
- Electricity Price: $16.38 USD (median by state)
- Natural Gas Price: $14.87 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $233 per month
Living in Norwood young america, MN could entail higher utility costs. Electricity costs sit at $16.38, while natural gas is priced at $14.87 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $233 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Norwood young america is a financially viable option for your relocation.