Living in Norwood, Illinois
Cost of living, income, home prices, rent and demographics of Norwood · Census data 2020–2024
Norwood has 532 residents with a median age of 38.7. The median household income is $69,583 (17% lower than the Illinois median), the median home value is $97,000, the median rent is $975/month.
Norwood is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Norwood at a glance
- Population
- 532
- Median age
- 38.7State: 39
- Median household income
- $69,583State: $83,390
- Median home value
- $97,000State: $263,300
- Median rent
- $975/moState: $1,274
- Homeowners
- 91.4%
- Bachelor's degree or higher
- 5.6%
- Average commute
- 29 min
Is Norwood a good place to live?
Pros: Home values 63% lower than the state median; unemployment of 5.3%.
Cons: Median household income 17% lower than the Illinois median; an average commute of 29 minutes; a poverty rate of 13.7%.
The weather is best in May–June and August–September.
Cost of living in Norwood
Housing is the biggest part of the cost of living. In Norwood the median home value is $97,000, 71% lower than the U.S. median. Renters pay a median of $975 per month, which is 16.3% of household income. Homeowners with a mortgage pay $1,147 a month in housing costs.
Norwood median household income
The median household income in Norwood is $69,583 and the income per person is $27,706. 13.7% of residents live below the poverty line (Illinois: 11.8%).
Housing in Norwood: homes for sale and rent
- Housing units
- 233
- Owner-occupied
- 91.4%
- Renter-occupied
- 8.6%
- Vacant
- 4.7%Includes seasonal homes
- Median year built
- 1957
- Average household size
- 2.40
Norwood demographics
- Population
- 532
- Median age
- 38.7
- Under 18
- 31.6%
- 65 and older
- 13.2%
- Households
- 222
- Foreign-born
- 0.8%
- Veterans
- 7.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Norwood ›
Education in Norwood
5.6% of adults 25 and older in Norwood have a bachelor's degree or higher (Illinois: 37.8%), and 0.6% have a graduate or professional degree.
Jobs and commute in Norwood
- Unemployment rate
- 5.3%State: 5.8%
- Average commute
- 29 minState: 28 min
- Work from home
- 22.9%
- Drive alone
- 69.5%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 92.8%
Norwood vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Norwood | 532 | $69,583 | $97,000 | $975 |
| Bellevue | 2,106 | $60,987 | $121,300 | $943 |
| West Peoria | 4,238 | $66,098 | $93,900 | $1,199 |
| Bartonville | 5,841 | $72,821 | $139,100 | $1,214 |
| Peoria | 112,169 | $59,410 | $156,200 | $1,005 |
| Hanna City | 1,330 | $73,265 | $123,900 | $905 |
| Lake Camelot | 1,629 | $133,656 | $236,400 | — |
| Creve Coeur | 4,621 | $47,993 | $85,500 | $883 |
| Peoria Heights | 5,825 | $60,099 | $117,700 | $913 |
More for people moving to Norwood
Norwood ZIP code ›Weather and climate ›Living in Norwood: FAQ
What is the median household income in Norwood, IL?
The median household income in Norwood is $69,583, 17% lower than the Illinois median of $83,390 (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 $97,000, compared with $263,300 in Illinois.
How much is rent in Norwood?
The median gross rent in Norwood is $975 per month, about 16.3% of household income.
Is Norwood, IL a good place to live?
Pluses: home values 63% lower than the state median; unemployment of 5.3%. Minuses: median household income 17% lower than the Illinois median; an average commute of 29 minutes; a poverty rate of 13.7%.
What is the median age in Norwood?
The median age in Norwood is 38.7 years (Illinois: 39).
How long is the commute in Norwood?
The average commute to work in Norwood is 29 minutes; 22.9% of workers work from home.
What is the unemployment rate in Norwood?
The unemployment rate in Norwood is 5.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Norwood?
5.6% 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.
Last updated: