Norwood, NY
Population 1,304 · New York
About Norwood, NY
Norwood is a small town located in New York with a population of 1,304 residents according to the latest US Census Bureau American Community Survey data. The median household income is $62,500 per year, which is 17% below the national median of $75,149. The median age of 50.2 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 $100,600, which is 59% below the national median of $244,900. This makes Norwood one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $814, 30% below the national average of $1,163/month. Of the 666 total housing units, 72% are owner-occupied (430 units) and 28% are renter-occupied (166 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Norwood shows an unemployment rate of 4.6%, which is near the national rate of 3.7%. The poverty rate stands at 13.4%, above the national average of 12.4%. Workers in Norwood have an average one-way commute time of 27.7 minutes.
Education & Demographics
24.9% of Norwood residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 0.2% White, 0.7% Hispanic or Latino, 1.6% Black or African American, and 0.0% Asian residents, with 2.0% of the population being foreign-born.
Cost of Living in Norwood, NY
Compared to national averages, Norwood has a median household income of $62,500 (17% below the national median of $75,149). Home values average $100,600, which is 59% below the national median. Monthly rent at $814 is 30% below the US average of $1,163. Within New York, Norwood's income is 36% below the state average of $96,987, and home values are 74% below the state median of $387,181.
Why Live in Norwood, NY?
Norwood offers affordable housing with a median home value of $100,600, below the US average of $244,900, and rent that’s lower than the national average at $814/month.
Potential considerations include median household income ($62,500) 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 1,304 with a median age of 50.2 years. Compare Norwood with other cities to see how it stacks up, or explore all cities in New York.
Similar Cities Near Norwood
Cities in New York with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Plattekill | 1,304 | $106,429 | $275,000 | Compare |
| Plattsburgh West | 1,306 | $60,703 | $55,000 | Compare |
| St. John Fisher College | 1,301 | $0 | $0 | Compare |
| Elbridge | 1,308 | $62,313 | $156,500 | Compare |
| Wingdale | 1,309 | $60,946 | $296,600 | Compare |
| Alexandria Bay | 1,296 | $50,603 | $146,900 | Compare |
| Marion | 1,312 | $53,611 | $148,100 | Compare |
| Vernon | 1,313 | $62,031 | $169,300 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New York
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, NY?
The population of Norwood, NY is 1,304 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in New York.
What is the median household income in Norwood?
The median household income in Norwood, NY is $62,500 per year, which is 17% below the national median of $75,149.
What is the median home value in Norwood?
The median home value in Norwood, NY is $100,600, which is 59% below 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, NY is $814, which is 30% below the national average of $1,163/month.
What is the unemployment rate in Norwood?
The unemployment rate in Norwood, NY is 4.6%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Norwood, NY a good place to live?
Norwood offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 1,304 and a median age of 50.2, the city appeals to established professionals and retirees.
How educated is Norwood, NY?
24.9% of residents in Norwood aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Norwood?
Key cost-of-living indicators for Norwood, NY: median home value is $100,600 (59% below national), median rent is $814/month, and median household income is $62,500. The home-value-to-income ratio is 1.6x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Norwood?
The poverty rate in Norwood, NY is 13.4%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Norwood, NY?
Norwood's population is 0.2% White, 0.7% Hispanic or Latino, 1.6% Black or African American, 0.0% Asian, and 1.2% two or more races. 2.0% of residents are foreign-born.