Norwood, KY
Population 395 · Kentucky
About Norwood, KY
Norwood is a small community located in Kentucky with a population of 395 residents according to the latest US Census Bureau American Community Survey data. The median household income is $106,667 per year, which is 42% above the national median of $75,149. The median age of 42.9 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Norwood features a median home value of $347,400, which is 42% above the national median of $244,900. This positions Norwood in a moderately priced market relative to the rest of the country. Median monthly rent is $1,798, 55% above the national average of $1,163/month. Of the 184 total housing units, 83% are owner-occupied (141 units) and 17% are renter-occupied (29 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Norwood shows an unemployment rate of 4.5%, which is near the national rate of 3.7%. The poverty rate stands at 4.8%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Norwood have an average one-way commute time of 15.6 minutes, one of the shorter commutes in the region.
Education & Demographics
66.3% of Norwood residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.5% White, 0.3% Hispanic or Latino, 0.0% Black or African American, and 0.5% Asian residents, with 3.5% of the population being foreign-born.
How Norwood Ranks in Kentucky
Cost of Living in Norwood, KY
Compared to national averages, Norwood has a median household income of $106,667 (42% above the national median of $75,149). Home values average $347,400, which is 42% above the national median. Monthly rent at $1,798 is 55% above the US average of $1,163. Within Kentucky, Norwood's income is 61% above the state average of $66,273, and home values are 90% above the state median of $182,504.
Why Live in Norwood, KY?
Norwood offers a strong local economy with a median household income of $106,667, well above the national average, and a well-educated community where 66.3% of residents hold a bachelor’s degree or higher, and a low poverty rate of 4.8%, better than the national average. Additionally, the city features short commute times averaging just 15.6 minutes.
Norwood has a population of 395 with a median age of 42.9 years. Compare Norwood with other cities to see how it stacks up, or explore all cities in Kentucky.
Similar Cities Near Norwood
Cities in Kentucky with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Bradfordsville | 403 | $32,045 | $0 | Compare |
| Fredonia | 403 | $67,396 | $94,600 | Compare |
| Phelps | 387 | $28,542 | $111,600 | Compare |
| Symsonia | 386 | $0 | $225,000 | Compare |
| Gilbertsville | 405 | $0 | $101,100 | Compare |
| Sadieville | 385 | $59,688 | $158,300 | Compare |
| Glenview Hills | 406 | $150,938 | $608,800 | Compare |
| Kingsley | 407 | $120,893 | $338,900 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Kentucky
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Norwood With Other Cities
Frequently Asked Questions about Norwood
What is the population of Norwood, KY?
The population of Norwood, KY is 395 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Kentucky.
What is the median household income in Norwood?
The median household income in Norwood, KY is $106,667 per year, which is 42% above the national median of $75,149.
What is the median home value in Norwood?
The median home value in Norwood, KY is $347,400, which is 42% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Norwood?
The median monthly rent in Norwood, KY is $1,798, which is 55% above the national average of $1,163/month.
What is the unemployment rate in Norwood?
The unemployment rate in Norwood, KY is 4.5%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Norwood, KY a good place to live?
Norwood offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 395 and a median age of 42.9, the city appeals to a broad range of residents.
How educated is Norwood, KY?
66.3% of residents in Norwood aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Norwood?
Key cost-of-living indicators for Norwood, KY: median home value is $347,400 (42% above national), median rent is $1,798/month, and median household income is $106,667. The home-value-to-income ratio is 3.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Norwood?
The poverty rate in Norwood, KY is 4.8%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Norwood, KY?
Norwood's population is 0.5% White, 0.3% Hispanic or Latino, 0.0% Black or African American, 0.5% Asian, and 10.1% two or more races. 3.5% of residents are foreign-born.