Norwood, NJ
Population 5,668 · New Jersey
About Norwood, NJ
Norwood is a small community in New Jersey with a population of 5,668 residents. The median household income is $164,766 per year, which is above the national average. The median age in Norwood is 47.5 years.
Housing in Norwood has a median home value of $676,400 and median monthly rent of $2,446. Of the 2,048 total housing units, the majority are owner-occupied, with 1,589 owner-occupied and 392 renter-occupied units.
The unemployment rate in Norwood is 1.2% and the poverty rate is 3.3%. 60.0% of residents hold a bachelor's degree or higher. The average commute time is 33.7 minutes.
How Norwood Ranks in New Jersey
Cost of Living in Norwood, NJ
Compared to national averages, Norwood has a median household income of $164,766 (119% above the national median of $75,149). Home values average $676,400, which is 176% above the national median. Monthly rent at $2,446 is 110% above the US average of $1,163. Within New Jersey, Norwood's income is 42% above the state average of $115,667, and home values are 44% above the state median of $469,644.
Why Live in Norwood, NJ?
Norwood offers a strong local economy with a median household income of $164,766, well above the national average, and a strong job market with an unemployment rate of just 1.2%, and a well-educated community where 60.0% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 3.3%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $676,400. However, Norwood’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Norwood has a population of 5,668 with a median age of 47.5 years. Compare Norwood with other cities to see how it stacks up, or explore all cities in New Jersey.
Similar Cities Near Norwood
Cities in New Jersey with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Towaco | 5,627 | $197,696 | $690,900 | Compare |
| Union Beach | 5,722 | $128,400 | $452,900 | Compare |
| Rutgers University-Busch Campus | 5,747 | $118,750 | $0 | Compare |
| Jamesburg | 5,763 | $117,719 | $344,900 | Compare |
| Franklin Center | 5,770 | $138,643 | $565,200 | Compare |
| Morganville | 5,544 | $134,911 | $575,900 | Compare |
| Somerdale | 5,535 | $79,101 | $221,600 | Compare |
| Belmar | 5,861 | $92,859 | $771,400 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New Jersey
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, NJ?
The population of Norwood, NJ is 5,668 according to the latest Census data.
What is the median household income in Norwood?
The median household income in Norwood, NJ is $164,766 per year.
What is the median home value in Norwood?
The median home value in Norwood, NJ is $676,400.
What is the average rent in Norwood?
The median monthly rent in Norwood, NJ is $2,446.
What is the unemployment rate in Norwood?
The unemployment rate in Norwood, NJ is 1.2%.