Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 47.5 yrs |
|---|---|
| Avg HH Size | 2.77 |
| Below Poverty | 3.3% ▼ 68% below avg |
| College Grads | 64.5% ▲ 66% above avg |
| Unemployment | 1.2% ▼ 76% below avg |
| No HS Diploma | 14 (0.4%) |
| HS Graduate | 775 (20%) |
| Some College | 218 (5.6%) |
| Associates | 369 (9.5%) |
| Bachelors | 160 (4.1%) |
| Graduate Degree | 2,339 (60.4%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $164,766 ▲ 116% above avg |
|---|---|
| Median Home Value | $676,400 ▲ 143% above avg |
| Home/Income Ratio | 4.1x (nat avg ~3.5x) |
| Median Rent | $2,446/mo |
| Total Housing Units | 2,048 |
| Vacant Units | 67 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Norwood is a city in New Jersey, located in Bergen County. The city spans 1 ZIP code and is home to approximately 5,668 residents. It is a mature city, with a median age of 47.5 years.
Economically, Norwood is a affluent community. The median household income of $164,766 is more than double the national average. Approximately 3.3% of residents live below the poverty line. The unemployment rate is 1.2%, well below the national average.
The real estate market in Norwood is a premium housing market. Median home values stand at $676,400, which is more than double the national average. Renters typically pay around $2,446 per month. Homeownership is high at 80.2%, typical of suburban and family-oriented communities.
The population of Norwood is highly educated. 64.5% of adults hold a bachelor's degree or higher — significantly above the national average. The community is majority White (59.28%).
Norwood, NJ offers residents above-average earning potential within New Jersey.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 07648 | 5,668 | $164,766 | $676,400 | $2,446 | 1.2% | 64.5% | 80.2% |