Cost of Living in Norwood Young America, MN
Population 3,866 · Minnesota · Data vintage 2023
(100 = US avg)
Norwood Young America is a smaller Minnesota community of around 4000 residents, where median household incomes of $67,857 and housing costs ($289,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape.
Norwood Young America is about 35 miles west of Minneapolis, the nearest large metro — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 16% lower than Minneapolis' $346,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Norwood Young America
The median home value in Norwood Young America is $289,400 — 5% below the national median of $305,000. Median rent runs $1,032/month, 21% lower than the national median of $1,314/month. The median household income of $67,857/year is 9% lower than the US median of $74,580. The local unemployment rate is 3.9%, below the national average of 4.8%. Minnesota's top state income tax rate is 9.8% and the combined sales tax is 7.4%. Overall, Norwood Young America has a cost of living index of 88 versus the US average of 100, meaning it is 12% less expensive.
Norwood Young America has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Norwood Young America, MN?
Norwood Young America has a cost index of 88 (100 = national average). It is 12% below the national average.
What is average rent in Norwood Young America, MN?
The median gross rent in Norwood Young America is $1,032 per month based on 2023 Census data.
What is the average home price in Norwood Young America?
The median home value in Norwood Young America is $289,400 according to Zillow and Census data.
What is the median income in Norwood Young America?
The median household income in Norwood Young America is $67,857 per year (2023 ACS 5-year estimates).
What is the sales tax in Norwood Young America, MN?
The combined state and local sales tax rate in Norwood Young America is 7.4%. The Minnesota state income tax top rate is 9.8%.
Is Norwood Young America, MN affordable?
Yes, Norwood Young America is generally considered affordable, with a cost of living index of 88 — about 12% below the US national average of 100.
Norwood Young America at a Glance
- Population
- 3,866
- Median Income
- $67,857
- Home Value
- $289,400
- Median Rent
- $1,032/mo
- Unemployment
- 3.9%
- Sales Tax
- 7.4%
Nearby Cities
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Minnesota Rankings
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