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The total population of Norwood is estimated to be 5,926 with 2,953 males (49.83%) and 2,973 females (50.17%). There are 20 more females than males in Norwood.
The median household income in Norwood was $97,896 in 2021, which marked an an increase of 9,569(10.83%) from $88,327 in 2020. This income is 131.22% 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 $115,137. Overall, the median household income for the borough of Norwood stands at $97,896.
In Norwood, the median income for all workers aged 15 years and older, regardless of work hours, was $56,918 for males and $33,969 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $73,300 for males and $63,403 for females.
In Norwood, there are just three different racial groups among households. Among these, Black or African American households report a median household income of $128,476, followed by White households at $96,896, and Asian households with a median household income of $63,093.
In 2022, the population of Norwood was 5,880, a 0.56% decrease year-by-year from 2021. Previously, in 2021, Norwood's population was 5,913, a decline of 0.30% compared to a population of 5,931 in 2020.
The median age in Norwood, PA is 41.0, as per 2021 ACS 5-Year Estimates. Of the total population, 14.73% were under the age of 15, 19.41% aged 15 to 29, 54.48% aged 30 to 64, 10.35% aged 65 to 84, and 1.03% were 85 years of age and older.
Racial distribution of Norwood population: 90.83% are White, 1.88% are Black or African American, 5.59% are Asian, 0.93% are some other race and 0.78% are multiracial.