States › Pennsylvania › Norwood

Is Norwood, PA expensive to live in?

CheapRent takes 18 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,55511% lower than U.S. average
💵 Families earn per year (2026)$103,681about $8,640/month · 19% higher than U.S. average
🔑 House price$235,00029% lower than U.S. average

Rent is lower than in 55% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Most homes (75.7%) are owned, so rentals can be hard to find.

How much money do I need?

To rent here comfortably, you should earn about $62,200 a year. That is $30 an hour at a full-time job.

Is rent cheaper than other Pennsylvania cities?

No. Rent here is more expensive than in most of Pennsylvania. It is number 177 of 269 cities from cheapest to most expensive.

Norwood
$1,555
Somerset
$748
Oreland
$1,391
Crafton
$1,309
Moosic
$1,466
Stroudsburg
$424
Franklin
$747

How much do households earn in Norwood?

Under $25k
12.0%
$25k–50k
15.8%
$50k–100k
36.6%
$100k–150k
23.5%
$150k+
9.7%

Share of households by yearly income. 33.1% of households earn $100,000 or more.

Rent by apartment size in Norwood

SizeNorwoodU.S. average
1 bedroom$1,177$1,324
2 bedrooms$1,829$1,509
3 bedrooms$2,372$1,698

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Norwood overall?

Everyday prices in Pennsylvania overall are 2% below the U.S. average (index 97.6, U.S. = 100).

Housing
85
Goods (food, clothes…)
99
Utilities
109
Other services
100
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Norwood, so the Pennsylvania figure is shown.

Taxes and bills in Norwood

🏛️ Property tax$5,751a year · 2.45% of home value · U.S. $3,119
⚡ Electric bill$175a month (typical) · U.S. $156

Life in Norwood

Commute to work30 minU.S.: 26.4 min
College degree27.1%U.S.: 35.7%
Own their home75.7%U.S.: 65.2%
Below poverty line8.2%U.S.: 12.5%
Unemployment8.7%U.S.: 5.2%

Is it cheaper to rent or buy in Norwood?

Renting is cheaper right now: about $76 a month less.

Renting
$1,555
Owning
$1,631

Owning assumes a typical $235,000 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $23,500 for the down payment.

Frequently asked questions

What is the average rent in Norwood, PA?

Renting in Norwood costs a median of about $1,555 a month in 2026, including utilities. The Pennsylvania median is $1,367.

How much do I need to make to live in Norwood?

To keep rent under 30% of income, you need about $62,200 a year, or $30 an hour at a full-time job.

Is Norwood cheap or expensive?

Norwood is rated Cheap: rent takes 18.0% of the typical household income of $103,681. It ranks 177th cheapest of 269 Pennsylvania cities we track.

How much are property taxes in Norwood?

The median homeowner in Norwood pays $5,751 a year in property taxes, about 2.45% of the median home value.

Is Norwood more expensive than the national average?

Overall prices in Pennsylvania are 2% below the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Norwood?

The median home value in Norwood is $235,000, about 2.3 times the typical yearly household income.

5,934 people live in Norwood. Numbers are typical (middle) values.