Cost of Living in Norwood, PA
Housing
The housing market plays a significant role in determining the cost of living in Norwood, PA.
- Housing Index: 100.9 / 100
- Median Home Price is: $233,000
- Average Rent (2 BR Apartment): $1511 per month
- Average Rent (2 BR House): $1642 per month
Analyzing the housing data for Norwood, PA reveals a housing index of 100.9, indicating higher than average living costs. With a median home price of 233000, potential homebuyers should carefully evaluate their budget. The average rent for a 2-bedroom apartment stands at 1511, while a 2-bedroom house rents for 1642. Given these figures, it's essential to weigh long-term investment versus rental costs. Additionally, considering local amenities, job opportunities, and lifestyle preferences can enhance your decision-making as you contemplate relocating to Norwood.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Norwood, PA.
- Electricity Price: $17.68 USD (median by state)
- Natural Gas Price: $17.61 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $241 per month
Living in Norwood, PA could entail higher utility costs. Electricity costs sit at $17.68, while natural gas is priced at $17.61 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $241 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 is a financially viable option for your relocation.