Living in Norwood, New Jersey
Cost of living, income, home prices, rent and demographics of Norwood · Census data 2020–2024
Norwood has 5,724 residents with a median age of 48.2. The median household income is $178,311 (72% higher than the New Jersey median), the median home value is $709,100, the median rent is $2,094/month.
Norwood at a glance
- Population
- 5,724
- Median age
- 48.2State: 40.1
- Median household income
- $178,311State: $103,556
- Median home value
- $709,100State: $454,400
- Median rent
- $2,094/moState: $1,720
- Homeowners
- 79.2%
- Bachelor's degree or higher
- 60.6%
- Average commute
- 31 min
Is Norwood a good place to live?
Pros: Median household income 72% higher than the New Jersey median; unemployment of 0.9%; a poverty rate of 2.8%.
Cons: Home values 56% higher than the state median; an average commute of 31 minutes.
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 $709,100, 113% higher than the U.S. median. Renters pay a median of $2,094 per month, which is 38.5% of household income. Homeowners with a mortgage pay $3,740 a month in housing costs.
Norwood median household income
The median household income in Norwood is $178,311 and the income per person is $67,757. 2.8% of residents live below the poverty line (New Jersey: 9.7%).
Housing in Norwood: homes for sale and rent
- Housing units
- 2,001
- Owner-occupied
- 79.2%
- Renter-occupied
- 20.8%
- Vacant
- 1.7%Includes seasonal homes
- Median year built
- 1986
- Average household size
- 2.82
Norwood demographics
- Population
- 5,724
- Median age
- 48.2
- Under 18
- 22.7%
- 65 and older
- 22.6%
- Households
- 1,966
- Foreign-born
- 29.1%
- Veterans
- 2.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Norwood ›
Education in Norwood
60.6% of adults 25 and older in Norwood have a bachelor's degree or higher (New Jersey: 43.6%), and 23.4% have a graduate or professional degree.
Jobs and commute in Norwood
- Unemployment rate
- 0.9%State: 6.3%
- Average commute
- 31 minState: 31 min
- Work from home
- 21.4%
- Drive alone
- 59.8%
- Public transit
- 4.4%
- Walk to work
- 1.6%
- Homes with broadband
- 96.3%
Norwood vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Norwood | 5,724 | $178,311 | $709,100 | $2,094 |
| Closter | 8,606 | $190,469 | $871,300 | $2,721 |
| Harrington Park | 4,954 | $180,500 | $776,900 | $1,414 |
| Northvale | 4,829 | $127,625 | $592,400 | $1,932 |
| Alpine | 1,588 | $246,944 | $2,000,001 | $2,750 |
| Demarest | 4,911 | $208,036 | $1,114,600 | $3,501 |
| Tappan | 6,687 | $174,286 | $644,200 | $2,299 |
| Sparkill | 1,483 | $250,001 | $653,900 | — |
| Haworth | 3,363 | $236,765 | $845,300 | $3,501 |
More for people moving to Norwood
Norwood ZIP code ›Weather and climate ›Living in Norwood: FAQ
What is the median household income in Norwood, NJ?
The median household income in Norwood is $178,311, 72% higher than the New Jersey median of $103,556 (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 $709,100, compared with $454,400 in New Jersey.
How much is rent in Norwood?
The median gross rent in Norwood is $2,094 per month, about 38.5% of household income.
Is Norwood, NJ a good place to live?
Pluses: median household income 72% higher than the New Jersey median; unemployment of 0.9%; a poverty rate of 2.8%. Minuses: home values 56% higher than the state median; an average commute of 31 minutes.
What is the median age in Norwood?
The median age in Norwood is 48.2 years (New Jersey: 40.1).
How long is the commute in Norwood?
The average commute to work in Norwood is 31 minutes; 21.4% of workers work from home.
What is the unemployment rate in Norwood?
The unemployment rate in Norwood is 0.9% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Norwood?
60.6% 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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