Norwood, MI
Population 123 · Michigan
About Norwood, MI
Norwood is a small community in Michigan with a population of 123 residents. The median household income is $72,500 per year, which is above the national average. The median age in Norwood is 51.6 years.
Housing in Norwood has a median home value of $266,100 and median monthly rent of $0. Of the 113 total housing units, the majority are owner-occupied, with 51 owner-occupied and 3 renter-occupied units.
The unemployment rate in Norwood is 0.0% and the poverty rate is 15.4%. 46.3% of residents hold a bachelor's degree or higher. The average commute time is 26.5 minutes.
Cost of Living in Norwood, MI
Compared to national averages, Norwood has a median household income of $72,500 (4% below the national median of $75,149). Home values average $266,100, which is 9% above the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Michigan, Norwood's income is 10% above the state average of $66,017, and home values are 45% above the state median of $183,391.
Why Live in Norwood, MI?
Norwood offers rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 0.0%, and a well-educated community where 46.3% of residents hold a bachelor’s degree or higher.
Potential considerations include median household income ($72,500) that falls below the national average. However, Norwood’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Norwood has a population of 123 with a median age of 51.6 years. Compare Norwood with other cities to see how it stacks up, or explore all cities in Michigan.
Similar Cities Near Norwood
Cities in Michigan with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Arcadia | 123 | $83,333 | $256,800 | Compare |
| Chatham | 123 | $47,813 | $154,200 | Compare |
| Crystal Mountain | 120 | $0 | $487,500 | Compare |
| Eagle Harbor | 130 | $106,625 | $267,900 | Compare |
| Greenland | 116 | $43,958 | $55,000 | Compare |
| Nessen City | 115 | $59,375 | $122,500 | Compare |
| Covington | 113 | $68,750 | $0 | Compare |
| Lake Gogebic | 113 | $36,711 | $0 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Michigan
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Norwood
What is the population of Norwood, MI?
The population of Norwood, MI is 123 according to the latest Census data.
What is the median household income in Norwood?
The median household income in Norwood, MI is $72,500 per year.
What is the median home value in Norwood?
The median home value in Norwood, MI is $266,100.
What is the average rent in Norwood?
The median monthly rent in Norwood, MI is $0.
What is the unemployment rate in Norwood?
The unemployment rate in Norwood, MI is 0.0%.