Nantucket, MA vs Norwood, MA

The cost of living difference between Nantucket, MA and Norwood, MA is dramatic. Norwood is 48.1% cheaper than Nantucket, a gap that translates to thousands of dollars per year in household expenses. Nantucket has a cost index of 224 while Norwood sits at 151, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Nantucket is $2,484/month compared to $2,056/month in Norwood — a 21% difference. Home values follow the same pattern: Norwood is more affordable at $613,500 median vs $1,359,200.

Median household income in Nantucket is $109,988 compared to $97,110 in Norwood (+13.3%). Nantucket does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Nantucket spend roughly 27.1% of their income on rent, more than the 25.4% in Norwood.

Climate-wise, both cities share similar average temperatures (50.7°F vs 52°F). Norwood receives more rainfall at 43.9" per year compared to 40.9" in Nantucket.