Living in Norwood, Colorado
Cost of living, income, home prices, rent and demographics of Norwood · Census data 2020–2024
Norwood has 381 residents with a median age of 41. The median household income is $57,417 (40% lower than the Colorado median), the median home value is $333,700, the median rent is $1,618/month.
Norwood is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Norwood at a glance
- Population
- 381
- Median age
- 41State: 37.7
- Median household income
- $57,417State: $95,470
- Median home value
- $333,700State: $539,400
- Median rent
- $1,618/moState: $1,761
- Homeowners
- 61.5%
- Bachelor's degree or higher
- 34.8%
- Average commute
- 32 min
Is Norwood a good place to live?
Pros: Home values 38% lower than the state median.
Cons: Median household income 40% lower than the Colorado median; an average commute of 32 minutes; unemployment of 5.5%; a poverty rate of 13.8%.
The weather is best in June to September.
Cost of living in Norwood
Housing is the biggest part of the cost of living. In Norwood the median home value is $333,700, about the same as the U.S. median. Renters pay a median of $1,618 per month, which is 26.3% of household income. Homeowners with a mortgage pay $1,225 a month in housing costs.
Norwood median household income
The median household income in Norwood is $57,417 and the income per person is $37,307. 13.8% of residents live below the poverty line (Colorado: 9.4%).
Housing in Norwood: homes for sale and rent
- Housing units
- 233
- Owner-occupied
- 61.5%
- Renter-occupied
- 38.5%
- Vacant
- 8.6%Includes seasonal homes
- Median year built
- 1977
- Average household size
- 1.79
Norwood demographics
- Population
- 381
- Median age
- 41
- Under 18
- 12.9%
- 65 and older
- 18.6%
- Households
- 213
- Foreign-born
- 1.6%
- Veterans
- 12%Adults 18+
Hispanic or Latino can be of any race. Population history of Norwood ›
Education in Norwood
34.8% of adults 25 and older in Norwood have a bachelor's degree or higher (Colorado: 45.7%), and 13.4% have a graduate or professional degree.
Jobs and commute in Norwood
- Unemployment rate
- 5.5%State: 4.6%
- Average commute
- 32 minState: 25 min
- Work from home
- 27.3%
- Drive alone
- 45.8%
- Public transit
- 5%
- Walk to work
- 15.4%
- Homes with broadband
- 88.7%
Norwood vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Norwood | 381 | $57,417 | $333,700 | $1,618 |
| Redvale | 389 | $56,833 | $256,000 | — |
| Naturita | 589 | $27,917 | $158,400 | $894 |
| Placerville | 333 | $105,972 | $1,133,100 | $2,194 |
| Nucla | 598 | $42,857 | $141,100 | $929 |
| Mountain Village | 2,185 | $52,923 | $2,000,001 | $1,072 |
| Loghill Village | 618 | $89,297 | $823,700 | — |
| Telluride | 2,160 | $102,405 | — | $3,056 |
| Ridgway | 1,237 | $83,750 | $709,900 | $1,577 |
More for people moving to Norwood
Norwood ZIP code ›Weather and climate ›Living in Norwood: FAQ
What is the median household income in Norwood, CO?
The median household income in Norwood is $57,417, 40% lower than the Colorado median of $95,470 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Norwood?
The median home value in Norwood is $333,700, compared with $539,400 in Colorado.
How much is rent in Norwood?
The median gross rent in Norwood is $1,618 per month, about 26.3% of household income.
Is Norwood, CO a good place to live?
Pluses: home values 38% lower than the state median. Minuses: median household income 40% lower than the Colorado median; an average commute of 32 minutes; unemployment of 5.5%; a poverty rate of 13.8%.
What is the median age in Norwood?
The median age in Norwood is 41 years (Colorado: 37.7).
How long is the commute in Norwood?
The average commute to work in Norwood is 32 minutes; 27.3% of workers work from home.
What is the unemployment rate in Norwood?
The unemployment rate in Norwood is 5.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Norwood?
34.8% of adults in Norwood have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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