Median Income
$55,897
household / year
Median Home Value
$146,900
owner-occupied
Median Rent
$817
gross / month
Cost of Living
91
national avg = 100

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: 90.8

Norwood'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.

MetricNorwood, NC
Average High — January50.9°F
Average High — July88.6°F
Annual Precipitation48.3"
Annual Snowfall0.8"

Demographics

MetricNorwood, NCNational Avg
Population2,906—
Median Age40.838.9
Unemployment Rate5.1%3.7%
Avg Commute Time27.4 min26 min
White (non-Hispanic)67.8%59.3%
Black or African American24.4%13.6%
Hispanic or Latino1.9%18.9%
Asian5.4%6.3%
Under 1817.1%22.2%
65 and over13.2%16.8%

Nearby Cities

ZIP Codes in Norwood

Norwood, NC is covered by 1 ZIP code:

Norwood vs Other Cities

Frequently Asked Questions

Norwood's cost of living index is 91, where 100 is the national average. That makes Norwood roughly 9% less expensive than a typical US city — a meaningful affordability advantage. The median home price is $146,900 and median rent is $817/month.
Crime data for Norwood is not available in the current FBI UCR reporting year. Not all jurisdictions submit data annually.
Public schools in Norwood are operated by Stanly County Schools. The district has 11 elementary, 4 middle, and 7 high schools. The student-to-teacher ratio is 15.3:1. 18.7% of adults 25+ hold a bachelor's degree or higher.
Norwood, NC has a population of 2,906, a median household income of $55,897, and an unemployment rate of 5.1%. It offers below-average costs of living, which stretches take-home pay further than in most American cities. Whether it's right for you depends on your priorities — use the compare tool above to stack it against another city you're considering.
Norwood averages 50.9°F in January and 88.6°F in July. Annual rainfall is 48.3 inches with about 0.8 inches of snow per year. Based on NOAA 30-year climate normals (1991–2020).
Norwood, NC is covered by 1 ZIP code: 28128.
The population of Norwood, North Carolina is 2,906 with a median age of 40.8. Source: US Census ACS 5-Year Estimates.
Key numbers for living in Norwood: cost of living index 91 (100 = US average), median home $146,900, median household income $55,897, schools rated B-. Whether these are benefits or drawbacks depends on where you're coming from — compare Norwood side by side with your current city to see the trade-offs.