Living in Norwood, Pennsylvania
Cost of living, income, home prices, rent and demographics of Norwood · Census data 2020–2024
Norwood has 5,934 residents with a median age of 40.7. The median household income is $96,134 (23% higher than the Pennsylvania median), the median home value is $235,000, the median rent is $1,409/month.
Norwood at a glance
- Population
- 5,934
- Median age
- 40.7State: 40.9
- Median household income
- $96,134State: $77,971
- Median home value
- $235,000State: $254,500
- Median rent
- $1,409/moState: $1,209
- Homeowners
- 75.7%
- Bachelor's degree or higher
- 27.1%
- Average commute
- 30 min
Is Norwood a good place to live?
Pros: Median household income 23% higher than the Pennsylvania median; home values 8% lower than the state median; a poverty rate of 8.2%.
Cons: An average commute of 30 minutes; unemployment of 8.7%.
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 $235,000, 29% lower than the U.S. median. Renters pay a median of $1,409 per month, which is 38.3% of household income. Homeowners with a mortgage pay $1,960 a month in housing costs.
Norwood median household income
The median household income in Norwood is $96,134 and the income per person is $39,523. 8.2% of residents live below the poverty line (Pennsylvania: 11.7%).
Housing in Norwood: homes for sale and rent
- Housing units
- 2,451
- Owner-occupied
- 75.7%
- Renter-occupied
- 24.3%
- Vacant
- 10.1%Includes seasonal homes
- Median year built
- 1951
- Average household size
- 2.69
Norwood demographics
- Population
- 5,934
- Median age
- 40.7
- Under 18
- 19.9%
- 65 and older
- 13.5%
- Households
- 2,203
- Foreign-born
- 7%
- Veterans
- 3.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Norwood ›
Education in Norwood
27.1% of adults 25 and older in Norwood have a bachelor's degree or higher (Pennsylvania: 35.2%), and 7.3% have a graduate or professional degree.
Jobs and commute in Norwood
- Unemployment rate
- 8.7%State: 5.3%
- Average commute
- 30 minState: 26 min
- Work from home
- 7%
- Drive alone
- 71.7%
- Public transit
- 5.6%
- Walk to work
- 1.9%
- Homes with broadband
- 96.1%
Norwood vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Norwood | 5,934 | $96,134 | $235,000 | $1,409 |
| Prospect Park | 6,417 | $63,077 | $244,600 | $1,183 |
| Glenolden | 7,220 | $72,786 | $215,000 | $1,209 |
| Folcroft | 6,772 | $61,306 | $171,500 | $1,329 |
| Ridley | 30,923 | $92,835 | $265,200 | $1,298 |
| Ridley Park | 7,261 | $93,594 | $281,700 | $1,350 |
| Folsom | 8,671 | $113,064 | $280,100 | $1,540 |
| Rutledge | 935 | $135,313 | $396,800 | $1,679 |
| Sharon Hill | 6,002 | $75,130 | $173,300 | $1,552 |
More for people moving to Norwood
Norwood ZIP code ›Weather and climate ›Living in Norwood: FAQ
What is the median household income in Norwood, PA?
The median household income in Norwood is $96,134, 23% higher than the Pennsylvania median of $77,971 (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 $235,000, compared with $254,500 in Pennsylvania.
How much is rent in Norwood?
The median gross rent in Norwood is $1,409 per month, about 38.3% of household income.
Is Norwood, PA a good place to live?
Pluses: median household income 23% higher than the Pennsylvania median; home values 8% lower than the state median; a poverty rate of 8.2%. Minuses: an average commute of 30 minutes; unemployment of 8.7%.
What is the median age in Norwood?
The median age in Norwood is 40.7 years (Pennsylvania: 40.9).
How long is the commute in Norwood?
The average commute to work in Norwood is 30 minutes; 7% of workers work from home.
What is the unemployment rate in Norwood?
The unemployment rate in Norwood is 8.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Norwood?
27.1% 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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