Living in Norwood, Michigan
Cost of living, income, home prices, rent and demographics of Norwood · Census data 2020–2024
Norwood has 126 residents with a median age of 54.5. The median household income is $68,125 (7% lower than the Michigan median), the median home value is $353,800.
Norwood is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Norwood at a glance
- Population
- 126
- Median age
- 54.5State: 40.2
- Median household income
- $68,125State: $72,875
- Median home value
- $353,800State: $231,600
- Homeowners
- 94.5%
- Bachelor's degree or higher
- 52.6%
- Average commute
- 22 min
Is Norwood a good place to live?
Pros: An average commute of 22 minutes.
Cons: Median household income 7% lower than the Michigan median; home values 53% higher than the state median; a poverty rate of 18.3%.
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 $353,800, 6% higher than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay $2,042 a month in housing costs.
Norwood median household income
The median household income in Norwood is $68,125 and the income per person is $55,592. 18.3% of residents live below the poverty line (Michigan: 13.2%).
Housing in Norwood: homes for sale and rent
- Housing units
- 105
- Owner-occupied
- 94.5%
- Renter-occupied
- 5.5%
- Vacant
- 47.6%Includes seasonal homes
- Median year built
- 1982
- Average household size
- 2.29
47.6% of homes are vacant most of the year, a sign that Norwood has many vacation and second homes.
Norwood demographics
- Population
- 126
- Median age
- 54.5
- Under 18
- 23%
- 65 and older
- 36.5%
- Households
- 55
- Foreign-born
- 18.3%
- Veterans
- 0%Adults 18+
Hispanic or Latino can be of any race. Population history of Norwood ›
Education in Norwood
52.6% of adults 25 and older in Norwood have a bachelor's degree or higher (Michigan: 32.4%), and 16.5% have a graduate or professional degree.
Jobs and commute in Norwood
- Unemployment rate
- 0%State: 5.7%
- Average commute
- 22 minState: 24 min
- Work from home
- 29.4%
- Drive alone
- 66.7%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 92.7%
Norwood vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Norwood | 126 | $68,125 | $353,800 | — |
| Ellsworth | 265 | $61,000 | $160,200 | $607 |
| Charlevoix | 2,392 | $47,917 | $331,500 | $816 |
| Eastport | 311 | $55,761 | $331,300 | — |
| Ironton | 173 | $93,750 | $246,400 | — |
| Central Lake | 1,051 | $63,269 | $167,100 | $1,008 |
| East Jordan | 2,023 | $60,104 | $148,000 | $812 |
| Northport | 465 | $100,357 | $295,200 | $1,058 |
| Advance | 377 | $110,417 | $563,800 | $1,375 |
More for people moving to Norwood
Norwood ZIP code ›Weather and climate ›Living in Norwood: FAQ
What is the median household income in Norwood, MI?
The median household income in Norwood is $68,125, 7% lower than the Michigan median of $72,875 (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 $353,800, compared with $231,600 in Michigan.
Is Norwood, MI a good place to live?
Pluses: an average commute of 22 minutes. Minuses: median household income 7% lower than the Michigan median; home values 53% higher than the state median; a poverty rate of 18.3%.
What is the median age in Norwood?
The median age in Norwood is 54.5 years (Michigan: 40.2).
How long is the commute in Norwood?
The average commute to work in Norwood is 22 minutes; 29.4% of workers work from home.
What is the unemployment rate in Norwood?
The unemployment rate in Norwood is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Norwood?
52.6% 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.
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