Living in Norwood, New York
Cost of living, income, home prices, rent and demographics of Norwood · Census data 2020–2024
Norwood has 1,374 residents with a median age of 49.3. The median household income is $54,375 (37% lower than the New York median), the median home value is $100,800, the median rent is $683/month.
Norwood is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Norwood at a glance
- Population
- 1,374
- Median age
- 49.3State: 39.8
- Median household income
- $54,375State: $85,974
- Median home value
- $100,800State: $423,800
- Median rent
- $683/moState: $1,621
- Homeowners
- 70.4%
- Bachelor's degree or higher
- 29.2%
- Average commute
- 29 min
Is Norwood a good place to live?
Pros: Home values 76% lower than the state median; an average commute of 29 minutes.
Cons: Median household income 37% lower than the New York median; unemployment of 8.4%; a poverty rate of 17.2%.
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 $100,800, 70% lower than the U.S. median. Renters pay a median of $683 per month, which is 31.1% of household income. Homeowners with a mortgage pay $1,245 a month in housing costs.
Norwood median household income
The median household income in Norwood is $54,375 and the income per person is $30,814. 17.2% of residents live below the poverty line (New York: 14%).
Housing in Norwood: homes for sale and rent
- Housing units
- 685
- Owner-occupied
- 70.4%
- Renter-occupied
- 29.6%
- Vacant
- 10.8%Includes seasonal homes
- Median year built
- 1938
- Average household size
- 2.13
Norwood demographics
- Population
- 1,374
- Median age
- 49.3
- Under 18
- 19.4%
- 65 and older
- 25.8%
- Households
- 611
- Foreign-born
- 1.1%
- Veterans
- 10.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Norwood ›
Education in Norwood
29.2% of adults 25 and older in Norwood have a bachelor's degree or higher (New York: 40.2%), and 16.3% have a graduate or professional degree.
Jobs and commute in Norwood
- Unemployment rate
- 8.4%State: 6.4%
- Average commute
- 29 minState: 33 min
- Work from home
- 6%
- Drive alone
- 82.1%
- Public transit
- 0%
- Walk to work
- 3.1%
- Homes with broadband
- 88.5%
Norwood vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Norwood | 1,374 | $54,375 | $100,800 | $683 |
| Norfolk | 1,204 | $59,491 | $88,700 | $784 |
| Potsdam | 8,427 | $34,546 | $146,400 | $898 |
| Madrid | 641 | $68,333 | $139,100 | $800 |
| Winthrop | 530 | $138,231 | $119,900 | — |
| Hannawa Falls | 744 | $98,450 | $180,800 | $1,037 |
| Brasher Falls | 776 | $52,868 | $98,000 | $416 |
| Waddington | 1,062 | $73,750 | $182,300 | $337 |
| Colton | 260 | $69,605 | $116,300 | $441 |
More for people moving to Norwood
Norwood ZIP code ›Weather and climate ›Living in Norwood: FAQ
What is the median household income in Norwood, NY?
The median household income in Norwood is $54,375, 37% lower than the New York median of $85,974 (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 $100,800, compared with $423,800 in New York.
How much is rent in Norwood?
The median gross rent in Norwood is $683 per month, about 31.1% of household income.
Is Norwood, NY a good place to live?
Pluses: home values 76% lower than the state median; an average commute of 29 minutes. Minuses: median household income 37% lower than the New York median; unemployment of 8.4%; a poverty rate of 17.2%.
What is the median age in Norwood?
The median age in Norwood is 49.3 years (New York: 39.8).
How long is the commute in Norwood?
The average commute to work in Norwood is 29 minutes; 6% of workers work from home.
What is the unemployment rate in Norwood?
The unemployment rate in Norwood is 8.4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Norwood?
29.2% 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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