Cost of Living in Norwood, NC
Population 3,110 · North Carolina · Data vintage 2023
(100 = US avg)
Norwood is a smaller North Carolina community of around 3000 residents, where median household incomes of $57,953 and housing costs ($179,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape.
Located 30 miles east of Concord, Norwood falls within that metro's commuting orbit. Median home values run roughly 45% lower than Concord's $328,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Norwood
The median home value in Norwood is $178,900 — 41% below the national median of $305,000. Median rent runs $891/month, 32% lower than the national median of $1,314/month. The median household income of $57,953/year is 22% lower than the US median of $74,580. The local unemployment rate is 5.7%, above the national average of 4.8%. North Carolina's top state income tax rate is 4.5% and the combined sales tax is 7.0%. The climate averages highs of 72.3°F and lows of 50.2°F. Overall, Norwood has a cost of living index of 62 versus the US average of 100, meaning it is 38% less expensive.
Norwood 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
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 53 | 57 | 64 | 73 | 80 | 87 | 91 | 89 | 83 | 73 | 63 | 55 |
| Low °F | 32 | 35 | 41 | 49 | 57 | 65 | 69 | 68 | 62 | 50 | 40 | 34 |
| Precip" | 3.00 | 2.77 | 3.19 | 2.90 | 2.89 | 3.73 | 3.63 | 3.79 | 3.18 | 2.97 | 2.91 | 2.96 |
Frequently Asked Questions
What is the cost of living in Norwood, NC?
Norwood has a cost index of 62 (100 = national average). It is 38% below the national average.
What is average rent in Norwood, NC?
The median gross rent in Norwood is $891 per month based on 2023 Census data.
What is the average home price in Norwood?
The median home value in Norwood is $178,900 according to Zillow and Census data.
What is the median income in Norwood?
The median household income in Norwood is $57,953 per year (2023 ACS 5-year estimates).
What is the sales tax in Norwood, NC?
The combined state and local sales tax rate in Norwood is 7.0%. The North Carolina state income tax top rate is 4.5%.
Is Norwood, NC affordable?
Yes, Norwood is generally considered affordable, with a cost of living index of 62 — about 38% below the US national average of 100.
What is the weather like in Norwood?
Norwood has average high temperatures of 72.3°F and average lows of 50.2°F. Annual precipitation is 37.9". Data from NOAA 1991–2020 Climate Normals.
Norwood at a Glance
- Population
- 3,110
- Median Income
- $57,953
- Home Value
- $178,900
- Median Rent
- $891/mo
- Unemployment
- 5.7%
- Avg High Temp
- 72.3°F
- Sales Tax
- 7.0%
Nearby Cities
Explore county-level cost of living data
North Carolina Rankings
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