Living in Norwood, Kentucky
Cost of living, income, home prices, rent and demographics of Norwood · Census data 2020–2024
Norwood has 424 residents with a median age of 39. The median household income is $111,458 (75% higher than the Kentucky median), the median home value is $369,100, the median rent is $1,771/month.
Norwood is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Norwood at a glance
- Population
- 424
- Median age
- 39State: 39.1
- Median household income
- $111,458State: $63,726
- Median home value
- $369,100State: $205,600
- Median rent
- $1,771/moState: $967
- Homeowners
- 81.9%
- Bachelor's degree or higher
- 67%
- Average commute
- 16 min
Is Norwood a good place to live?
Pros: Median household income 75% higher than the Kentucky median; an average commute of 16 minutes; unemployment of 2.7%; a poverty rate of 5.2%.
Cons: Home values 80% higher than the state median.
The weather is best in May and August to October.
Cost of living in Norwood
Housing is the biggest part of the cost of living. In Norwood the median home value is $369,100, 11% higher than the U.S. median. Renters pay a median of $1,771 per month, which is 37.5% of household income. Homeowners with a mortgage pay $1,813 a month in housing costs.
Norwood median household income
The median household income in Norwood is $111,458 and the income per person is $56,744. 5.2% of residents live below the poverty line (Kentucky: 16.1%).
Housing in Norwood: homes for sale and rent
- Housing units
- 187
- Owner-occupied
- 81.9%
- Renter-occupied
- 18.1%
- Vacant
- 5.3%Includes seasonal homes
- Median year built
- 1960
- Average household size
- 2.40
Norwood demographics
- Population
- 424
- Median age
- 39
- Under 18
- 25.7%
- 65 and older
- 13.7%
- Households
- 177
- Foreign-born
- 5.2%
- Veterans
- 5.1%Adults 18+
Hispanic or Latino can be of any race. Population history of Norwood ›
Education in Norwood
67% of adults 25 and older in Norwood have a bachelor's degree or higher (Kentucky: 27.6%), and 33.3% have a graduate or professional degree.
Jobs and commute in Norwood
- Unemployment rate
- 2.7%State: 4.9%
- Average commute
- 16 minState: 24 min
- Work from home
- 16.9%
- Drive alone
- 76.5%
- Public transit
- 0%
- Walk to work
- 0.9%
- Homes with broadband
- 97.7%
Norwood vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Norwood | 424 | $111,458 | $369,100 | $1,771 |
| Beechwood Village | 1,292 | $118,333 | $343,600 | $1,411 |
| Bellemeade | 851 | $97,639 | $353,200 | $1,938 |
| Woodlawn Park | 857 | $101,653 | $323,700 | $2,038 |
| Hurstbourne | 4,702 | $116,094 | $542,600 | $1,644 |
| Lyndon | 11,030 | $65,679 | $276,800 | $1,246 |
| St. Matthews | 17,577 | $82,412 | $338,000 | $1,369 |
| Graymoor-Devondale | 2,802 | $96,667 | $338,000 | $1,558 |
| Richlawn | 351 | $123,125 | $414,100 | $2,050 |
More for people moving to Norwood
Norwood ZIP code ›Weather and climate ›Living in Norwood: FAQ
What is the median household income in Norwood, KY?
The median household income in Norwood is $111,458, 75% higher than the Kentucky median of $63,726 (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 $369,100, compared with $205,600 in Kentucky.
How much is rent in Norwood?
The median gross rent in Norwood is $1,771 per month, about 37.5% of household income.
Is Norwood, KY a good place to live?
Pluses: median household income 75% higher than the Kentucky median; an average commute of 16 minutes; unemployment of 2.7%; a poverty rate of 5.2%. Minuses: home values 80% higher than the state median.
What is the median age in Norwood?
The median age in Norwood is 39 years (Kentucky: 39.1).
How long is the commute in Norwood?
The average commute to work in Norwood is 16 minutes; 16.9% of workers work from home.
What is the unemployment rate in Norwood?
The unemployment rate in Norwood is 2.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Norwood?
67% 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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