Is Norwood, NC a Good Place to Live?
Norwood is a small town of 2,906 in North Carolina, with a median household income of $55,897 and a 5.1% unemployment rate. Its cost of living index is 91 (US average = 100), which is 9% below the national average.
Strengths: Norwood stands out for an affordable cost of living, below-average home prices, solid school ratings (B-).
Trade-offs: Potential downsides include an elevated unemployment rate. Whether Norwood is right for you depends on your priorities — the full breakdown is below.
All Norwood city data on this page comes from official government sources — the US Census Bureau, FBI, NCES, BEA, and NOAA — updated annually.
Cost of Living
Index: 90.8Norwood's overall cost of living index is 90.8, where 100 represents the US national average. Living in Norwood costs roughly 9% less than the average American city.
| Metric | Norwood, NC | National Avg |
|---|---|---|
| Median Home Value | $146,900 | $244,900 |
| Median Monthly Rent | $817 | $1,163 |
| Homeownership Rate | 64.1% | 65.9% |
| Median Household Income | $55,897 | $74,755 |
Crime & Safety
Crime data for Norwood is not currently available from the FBI's Uniform Crime Reporting program. Not all local agencies report to the UCR each year.
Schools & Education
Norwood is served primarily by Stanly County Schools. The student-to-teacher ratio is 15.3:1 (better than the national average of ~16:1).
| Metric | Norwood, NC | National Avg |
|---|---|---|
| School District | Stanly County Schools | — |
| Elementary Schools | 11 | — |
| Middle Schools | 4 | — |
| High Schools | 7 | — |
| Student/Teacher Ratio | 15.3:1 | 16:1 |
| Bachelor's Degree or Higher | 18.7% | 35.4% |
| High School Diploma or Higher | 86.4% | 91.1% |
Weather & Climate
Norwood sees average highs of 50.9°F in January and 88.6°F in July, with 48.3 inches of annual precipitation and 0.8 inches of snow per year.
| Metric | Norwood, NC |
|---|---|
| Average High — January | 50.9°F |
| Average High — July | 88.6°F |
| Annual Precipitation | 48.3" |
| Annual Snowfall | 0.8" |
Demographics
| Metric | Norwood, NC | National Avg |
|---|---|---|
| Population | 2,906 | — |
| Median Age | 40.8 | 38.9 |
| Unemployment Rate | 5.1% | 3.7% |
| Avg Commute Time | 27.4 min | 26 min |
| White (non-Hispanic) | 67.8% | 59.3% |
| Black or African American | 24.4% | 13.6% |
| Hispanic or Latino | 1.9% | 18.9% |
| Asian | 5.4% | 6.3% |
| Under 18 | 17.1% | 22.2% |
| 65 and over | 13.2% | 16.8% |
Nearby Cities
ZIP Codes in Norwood
Norwood, NC is covered by 1 ZIP code: