Norwood, OK
Population 1,598 · Oklahoma
About Norwood, OK
Norwood is a small town located in Oklahoma with a population of 1,598 residents according to the latest US Census Bureau American Community Survey data. The median household income is $88,906 per year, which is 18% above the national median of $75,149. The median age of 39.2 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Norwood features a median home value of $224,000, which is 9% below 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 $1,054, 9% below the national average of $1,163/month. Of the 594 total housing units, 87% are owner-occupied (477 units) and 13% are renter-occupied (73 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Norwood shows an unemployment rate of 0.5%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 11.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Norwood have an average one-way commute time of 24.7 minutes.
Education & Demographics
27.8% 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 0.6% White, 43.1% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.9% of the population being foreign-born.
How Norwood Ranks in Oklahoma
Cost of Living in Norwood, OK
Compared to national averages, Norwood has a median household income of $88,906 (18% above the national median of $75,149). Home values average $224,000, which is 9% below the national median. Monthly rent at $1,054 is 9% below the US average of $1,163. Within Oklahoma, Norwood's income is 58% above the state average of $56,382, and home values are 87% above the state median of $119,992.
Why Live in Norwood, OK?
Norwood offers a strong local economy with a median household income of $88,906, well above the national average, and affordable housing with a median home value of $224,000, below the US average of $244,900, and rent that’s lower than the national average at $1,054/month. Additionally, the city features a strong job market with an unemployment rate of just 0.5%, and a low poverty rate of 11.0%, better than the national average, and short commute times averaging just 24.7 minutes.
Norwood has a population of 1,598 with a median age of 39.2 years. Compare Norwood with other cities to see how it stacks up, or explore all cities in Oklahoma.
Similar Cities Near Norwood
Cities in Oklahoma with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Justice | 1,601 | $93,580 | $214,900 | Compare |
| Langston | 1,594 | $32,656 | $137,500 | Compare |
| Union City | 1,603 | $100,000 | $268,900 | Compare |
| Wilson | 1,606 | $65,375 | $102,300 | Compare |
| Warner | 1,581 | $51,875 | $88,900 | Compare |
| Central High | 1,572 | $73,750 | $200,200 | Compare |
| Beaver | 1,625 | $53,500 | $123,500 | Compare |
| Comanche | 1,625 | $39,667 | $71,200 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Oklahoma
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, OK?
The population of Norwood, OK is 1,598 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Oklahoma.
What is the median household income in Norwood?
The median household income in Norwood, OK is $88,906 per year, which is 18% above the national median of $75,149.
What is the median home value in Norwood?
The median home value in Norwood, OK is $224,000, which is 9% 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, OK is $1,054, which is 9% below the national average of $1,163/month.
What is the unemployment rate in Norwood?
The unemployment rate in Norwood, OK is 0.5%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Norwood, OK a good place to live?
Norwood offers above-average incomes, affordable housing, and a strong job market. With a population of 1,598 and a median age of 39.2, the city appeals to a broad range of residents.
How educated is Norwood, OK?
27.8% 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, OK: median home value is $224,000 (9% below national), median rent is $1,054/month, and median household income is $88,906. The home-value-to-income ratio is 2.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Norwood?
The poverty rate in Norwood, OK is 11.0%, 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, OK?
Norwood's population is 0.6% White, 43.1% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 2.0% two or more races. 0.9% of residents are foreign-born.