Cost Of Living in Norwood, LA

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Norwood	Louisiana	National
Cost of living	96	91	100
Goods & Services	105	96	100
Groceries	97	95	100
Health care	100	99	100
Housing	94	81	100
Transportation	96	96	100
Utilities	73	84	100

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Cost Of Living Quick Facts

The cost of living in Norwood is 6% higher than the Louisiana average
The cost of living in Norwood is 4% lower than the national average
Norwood housing is 6% lower than the national average
Louisiana general sales tax is 13% lower than the national average
Louisiana state income tax is 29% lower than the national average

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$52,083	$4,340	$1,215	$1,563
Renters	$68,125	$5,677	$1,589	$2,044

Louisiana Sales Tax

State	General Sales Tax	With Max Surtax
Louisiana	4.45%	11.45%

Louisiana Income Tax

State	Income Tax (Low)	Income Tax (High)
Louisiana	1.85%	4.25%

Goods & Services

Item	Norwood	National avg.	Difference
Haircut	$25.61	$24.26	5.6%
Beauty Salon	$43.33	$45.56	4.9%
Toothpaste	$3.63	$3.70	2.0%
Shampoo	$1.17	$1.28	8.9%
Movie	$11.59	$12.13	4.5%
Bowling	$20.00	$18.00	11.1%

Groceries

Item	Norwood	National avg.	Difference
Ground Beef	$5.45	$5.84	6.7%
Fried Chicken	$1.67	$1.57	6.2%
Milk	$4.56	$4.67	2.4%
Potatoes	$5.20	$4.93	5.4%
Pizza	$10.99	$12.09	9.1%
Beer	$10.03	$10.41	3.7%

Health Care

Item	Norwood	National avg.	Difference
Optometrist	$114.13	$125.68	9.2%
Doctor	$130.33	$135.78	4.0%
Dentist	$114.58	$113.29	1.1%
Ibuprofen	$10.22	$10.65	4.1%
Lipitor	$527.50	$468.60	12.6%

Housing

Item	Norwood	National avg.	Difference
Home Price	$211,800.00	$184,700.00	14.7%
Avg. Mortgage Payment	$1,958.49	$2,346.69	16.5%
Apartment Rent	$425.00	$949.00	55.2%

Transportation

Item	Norwood	National avg.	Difference
Gasoline	$3.20	$3.46	7.5%
Tire Balancing	$61.61	$59.92	2.8%

Utilities

Item	Norwood	National avg.	Difference
All Electricity	$111.88	$193.99	42.3%
Phone	$185.70	$192.25	3.4%

Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Centreville, MS	1,633	80	20.3%
Woodville, MS	1,319	84	15.7%
Jackson, LA	4,941	85	15.0%
Wilson, LA	573	86	13.8%
Clinton, LA	1,663	94	5.7%
Norwood, LA	238	96	4.0%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Edwardsville, AL	238	86	13.5%
Magness, AR	238	82	17.7%
Dripping Springs, AZ	238	90	10.1%
Blencoe, IA	238	81	18.7%
Luana, IA	238	89	11.5%
Norwood, LA	238	96	4.0%

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

Cost of Living in Norwood, LA