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The total population of Norwood is estimated to be 489 with 255 males (52.15%) and 234 females (47.85%). There are 21 less females than males in Norwood.
The median household income in Norwood was $71,070 in 2021, which marked an a decrease of 884(1.23%) from $71,954 in 2020. This income is 95.26% 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, Norwood sees its highest median household income among householders in the age group of 45 to 64 years old, at $100,585. Overall, the median household income for the village of Norwood stands at $71,070.
In Norwood, the median income for all workers aged 15 years and older, regardless of work hours, was $44,926 for males and $26,163 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $65,053 for males and $38,423 for females.
In Norwood, there are just two different racial groups among households. Among these, Two or More Races households report a median household income of $101,606, while White households have a median household income of $57,327.
In 2022, the population of Norwood was 430, a 0.69% decrease year-by-year from 2021. Previously, in 2021, Norwood's population was 433, a decline of 0.92% compared to a population of 437 in 2020.
The median age in Norwood, IL is 37.5, as per 2021 ACS 5-Year Estimates. Of the total population, 23.94% were under the age of 15, 14.81% aged 15 to 29, 45.64% aged 30 to 64, 14.00% aged 65 to 84, and 1.62% were 85 years of age and older.
Racial distribution of Norwood population: 81.54% are White, 1.22% are Black or African American and 17.24% are multiracial.