Cost of Living in Norwood, PA

Population 5,915 · Pennsylvania · Data vintage 2023

83
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Housing costs in Norwood stay well under national norms: a median home value of $228,000 against median household incomes of $89,135 gives the city one of the more comfortable price-to-income ratios in Pennsylvania. At 7.9%, the local unemployment rate runs well above the US figure, pointing to structural rather than cyclical labor-market issues.

Located 12 miles southwest of Philadelphia, Norwood falls within that metro's commuting orbit. Housing prices track closely with Philadelphia's $232,000 median.

Cost Overview

Housing 75
Rent 95

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Norwood

The median home value in Norwood is $227,500 — 25% below the national median of $305,000. Median rent runs $1,247/month, 5% lower than the national median of $1,314/month. The median household income of $89,135/year is 20% higher than the US median of $74,580. The local unemployment rate is 7.9%, above the national average of 4.8%. Pennsylvania's top state income tax rate is 3.1% and the combined sales tax is 6.3%. The climate averages highs of 65.2°F and lows of 47.3°F, with about 23.1" of annual snowfall. Overall, Norwood has a cost of living index of 83 versus the US average of 100, meaning it is 17% less expensive.

🏠 Housing

Median Home Value
$227,500
25% below avg
Zillow Home Value
$198,775
Zillow ZHVI
Median Rent
$1,247/mo
5% below avg
Price-to-Rent Ratio
15.2x
Favors buying
Property Tax Rate
1.6%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$779
1 BR
$871
2 BR
$1,065
3 BR
$1,337
4 BR
$1,547
Owner-occupied 73.5%
Renter-occupied 26.6%

💰 Estimated Monthly Budget

Rent median rent
$1,247
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,861/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
28.7 min
6% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
7.8%

Commute Mode

Drove alone
72.2%
Carpooled
9.3%
Public transit
6.5%
Walked
2.5%
Work from home
7.8%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax (flat) 3.1%
Total Sales Tax 6.3%
State rate 6.0%
Avg local rate 0.3%
Property Tax 1.6%

💼 Income & Employment

Median Household Income
$89,135
20% above avg
Per Capita Income
$38,232
Unemployment Rate
7.9%
64% above avg
Poverty Rate
7.0%
Labor Force Participation
68.6%

🎓 Education

Bachelor's degree+ 19.4%
Graduate degree 6.8%

👥 Demographics

Median Age 40.8
Male median age 39
Female median age 41.5

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
65.2°F
Avg Low
47.3°F
Annual Precip
44.1"
Annual Snowfall
23.1"
20° 38° 55° 73° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 414453657483888679675646
Low °F 262834445464706861493931
Precip" 3.132.753.963.473.344.044.384.294.403.472.913.97
Snow" 7.18.43.60.30.00.00.00.00.00.00.23.5

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 50 — Good
51.2%
Good air days/yr
271
Max AQI recorded
253
PM2.5 days
111
Ozone days

Frequently Asked Questions

What is the cost of living in Norwood, PA?

Norwood has a cost index of 83 (100 = national average). It is 17% below the national average.

What is average rent in Norwood, PA?

The median gross rent in Norwood is $1,247 per month based on 2023 Census data.

What is the average home price in Norwood?

The median home value in Norwood is $227,500 according to Zillow and Census data.

What is the median income in Norwood?

The median household income in Norwood is $89,135 per year (2023 ACS 5-year estimates).

What is the sales tax in Norwood, PA?

The combined state and local sales tax rate in Norwood is 6.3%. The Pennsylvania state income tax top rate is 3.1%.

Is Norwood, PA affordable?

Yes, Norwood is generally considered affordable, with a cost of living index of 83 — about 17% below the US national average of 100.

What is the weather like in Norwood?

Norwood has average high temperatures of 65.2°F and average lows of 47.3°F. Annual precipitation is 44.1". Average annual snowfall is 23.1". Data from NOAA 1991–2020 Climate Normals.

Norwood at a Glance

Population
5,915
Median Income
$89,135
Home Value
$227,500
Median Rent
$1,247/mo
Unemployment
7.9%
Avg High Temp
65.2°F
Sales Tax
6.3%
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Explore county-level cost of living data

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