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Norwood, Michigan

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
126
Population
$68,125
Median Income
$353,800
Home Value
54.5
Median Age

Demographics

Norwood has a population of 126 with a median age of 54.5. Here is the racial and ethnic breakdown of the population:

White
81.7%
Other
8.0%
Asian
7.9%
Black
2.4%
Demographic Value
Total Population126
Median Age54.5
White81.7%
Black or African American2.4%
Asian7.9%
Other / Two or More Races8.0%
Norwood, Michigan — racial composition (Census ACS 2024)Donut chart of 4 segments totaling 100.White: 81.7%Other: 8.0%Asian: 7.9%Black: 2.4%126PopulationWhiteWhite81.7%OtherOther8.0%AsianAsian7.9%BlackBlack2.4%

Income & Economy

The median household income in Norwood is $68,125, which is 15.5% below the national median of $80,610. The per capita income is $55,592. The poverty rate is 18.3%.

$68,125
Median Household Income
$55,592
Per Capita Income
18.3%
Poverty Rate

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Education

In Norwood, 96.9% of residents age 25+ have a high school diploma or higher, and 52.6% hold a bachelor's degree or higher (16.5% with a graduate or professional degree).

HS Diploma+
96.9%
Bachelor's+
52.6%
Graduate+
16.5%
Education Level % of Adults (25+)
High School Diploma or Higher96.9%
Bachelor's Degree or Higher52.6%
Graduate or Professional Degree16.5%

Housing

The median home value in Norwood is $353,800, above the national median of $303,400. The homeownership rate is 94.5%.

$353,800
Median Home Value
94.5%
Homeownership Rate
Housing Metric Value
Median Home Value$353,800
Homeownership Rate94.5%
Vacancy Rate47.6%

Salaries in Michigan

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Frequently Asked Questions

What is the population of Norwood, Michigan?
The population of Norwood, Michigan is 126 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Norwood, Michigan?
The median household income in Norwood, Michigan is $68,125. This is 15.5% below the national median of $80,610.
What is the median home value in Norwood, Michigan?
The median home value in Norwood, Michigan is $353,800.
What percentage of people in Norwood have a college degree?
In Norwood, Michigan, 52.6% of adults age 25 and older hold a bachelor's degree or higher, and 96.9% have a high school diploma or higher.
Is Norwood, Michigan an affordable place to live?
The home price-to-income ratio in Norwood, Michigan is 5.2x (median home value $353,800 vs. median income $68,125), making it moderately affordable by that measure. A ratio under 4.0 is generally considered affordable.

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