Cost of Living in Norwood, GA

With a cost of living index of 59, Norwood, GA is one of the most affordable cities in the country. Living here is 41% cheaper than the national average and 24% below the Georgia state average of 82. Norwood is a small community of 229 residents.

Housing costs are the biggest factor in Norwood's cost of living. The median monthly rent is $682 (48% below the US median of $1,319), and the median home value sits at $56,100 (82% below the national median of $304,900). At current prices, the median home costs roughly 2.2x the median household income — well within traditional affordability guidelines.

The median household income in Norwood is $25,750, which is 66% lower than the national median of $75,149. Residents spend roughly 32% of household income on rent. This exceeds the recommended 30% threshold, meaning many renters here are cost-burdened. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.