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The total population of Northwood is estimated to be 2,142 with 1,056 males (49.30%) and 1,086 females (50.70%). There are 30 more females than males in Northwood.
The median household income in Northwood was $67,065 in 2021, which marked an an increase of 705(1.06%) from $66,360 in 2020. This income is 89.89% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Northwood sees its highest median household income among householders in the age group of 25 to 44 years old, at $88,724. Overall, the median household income for the city of Northwood stands at $67,065.
In Northwood, the median income for all workers aged 15 years and older, regardless of work hours, was $44,904 for males and $27,153 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $59,028 for males and $42,804 for females.
In Northwood, there are just two different racial groups among households. Among these, White households report a median household income of $74,261, while Two or More Races households have a median household income of $36,338.
In 2022, the population of Northwood was 2,051, a 0.53% decrease year-by-year from 2021. Previously, in 2021, Northwood's population was 2,062, a decline of 0.39% compared to a population of 2,070 in 2020.
The median age in Northwood, IA is 43.1, as per 2021 ACS 5-Year Estimates. Of the total population, 15.89% were under the age of 15, 17.56% aged 15 to 29, 46.11% aged 30 to 64, 15.85% aged 65 to 84, and 4.59% were 85 years of age and older.
Racial distribution of Northwood population: 95.78% are White, 0.97% are Black or African American, 1.02% are Asian, 0.09% are some other race and 2.13% are multiracial.