Living in Norwood, North Carolina
Cost of living, income, home prices, rent and demographics of Norwood · Census data 2020–2024
Norwood has 2,433 residents with a median age of 38.1. The median household income is $51,639 (29% lower than the North Carolina median), the median home value is $185,200, the median rent is $919/month.
Norwood at a glance
- Population
- 2,433
- Median age
- 38.1State: 39.1
- Median household income
- $51,639State: $72,388
- Median home value
- $185,200State: $288,900
- Median rent
- $919/moState: $1,228
- Homeowners
- 59.3%
- Bachelor's degree or higher
- 20%
- Average commute
- 27 min
Is Norwood a good place to live?
Pros: Home values 36% lower than the state median; a poverty rate of 8.5%.
Cons: Median household income 29% lower than the North Carolina median; an average commute of 27 minutes; unemployment of 6.6%.
The weather is best in April–May and September–October.
Cost of living in Norwood
Housing is the biggest part of the cost of living. In Norwood the median home value is $185,200, 44% lower than the U.S. median. Renters pay a median of $919 per month, which is 28.6% of household income. Homeowners with a mortgage pay $1,242 a month in housing costs.
Norwood median household income
The median household income in Norwood is $51,639 and the income per person is $28,853. 8.5% of residents live below the poverty line (North Carolina: 13%).
Housing in Norwood: homes for sale and rent
- Housing units
- 1,132
- Owner-occupied
- 59.3%
- Renter-occupied
- 40.7%
- Vacant
- 22%Includes seasonal homes
- Median year built
- 1962
- Average household size
- 2.75
Norwood demographics
- Population
- 2,433
- Median age
- 38.1
- Under 18
- 16.2%
- 65 and older
- 13.7%
- Households
- 883
- Foreign-born
- 4.8%
- Veterans
- 5%Adults 18+
Hispanic or Latino can be of any race. Population history of Norwood ›
Education in Norwood
20% of adults 25 and older in Norwood have a bachelor's degree or higher (North Carolina: 35.7%), and 4.8% have a graduate or professional degree.
Jobs and commute in Norwood
- Unemployment rate
- 6.6%State: 4.7%
- Average commute
- 27 minState: 25 min
- Work from home
- 8.7%
- Drive alone
- 77.2%
- Public transit
- 0%
- Walk to work
- 0.2%
- Homes with broadband
- 91.5%
Norwood vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Norwood | 2,433 | $51,639 | $185,200 | $919 |
| Mount Gilead | 1,197 | $58,885 | $157,300 | $1,061 |
| Aquadale | 156 | $69,063 | $156,300 | — |
| Ansonville | 651 | $48,750 | $92,400 | $906 |
| Albemarle | 16,762 | $46,881 | $204,800 | $880 |
| Badin | 2,184 | $53,145 | $160,200 | $975 |
| Oakboro | 2,683 | $69,100 | $282,600 | $1,057 |
| Red Cross | 903 | $64,500 | $257,000 | $711 |
| Millingport | 522 | $84,464 | $209,900 | — |
More for people moving to Norwood
Norwood ZIP code ›Weather and climate ›Living in Norwood: FAQ
What is the median household income in Norwood, NC?
The median household income in Norwood is $51,639, 29% lower than the North Carolina median of $72,388 (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 $185,200, compared with $288,900 in North Carolina.
How much is rent in Norwood?
The median gross rent in Norwood is $919 per month, about 28.6% of household income.
Is Norwood, NC a good place to live?
Pluses: home values 36% lower than the state median; a poverty rate of 8.5%. Minuses: median household income 29% lower than the North Carolina median; an average commute of 27 minutes; unemployment of 6.6%.
What is the median age in Norwood?
The median age in Norwood is 38.1 years (North Carolina: 39.1).
How long is the commute in Norwood?
The average commute to work in Norwood is 27 minutes; 8.7% of workers work from home.
What is the unemployment rate in Norwood?
The unemployment rate in Norwood is 6.6% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Norwood?
20% 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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