Norwood, IL population, income and ZIP codes

Norwood village is a very small community in Illinois, with 501 residents counted in the Census American Community Survey 2019-2023 ACS 5-year estimates, which places it #942 of 1,462 ranked by population — larger than 35% of them. The median age here is 37.5 years against 39.1 nationally, a slightly younger profile than the country as a whole. At this population the ACS sample is small, so the margin of error around every dollar figure below is wide — treat the numbers as a band, not a point, and expect them to move between annual releases without the place itself changing.

Households in Norwood village earn a median of $68,750 a year, 12.5% below the national figure of $78,538 and 7% below the $74,244 median for the 698 Illinois cities we cover. This figure covers the household, not the worker: two people on ordinary wages at one address outrank a single professional in the same table. Poverty reaches 12.7% of residents here, above the 12.4% national rate.

The typical owner-occupied home in Norwood village is valued at $93,500, 69.2% below the national figure and 48% below the $179,100 peer median, while median gross rent runs $1,000 a month, 28.9% below the national figure, or roughly $12,000 across a full year. A household on the local median income would put about 17.5% of gross pay toward that rent against the federal 30% cost-burden threshold, so renting here is cheap relative to what people here earn. The home-price-to-income ratio works out to 1.4×, against roughly 3.9× nationally, so purchase prices are unusually low against local pay, the pattern in places where supply is plentiful and wage growth has been flat. 88.1% of occupied homes are owner-occupied versus 65% nationally, an owner-dominated market where rental listings are scarce and rent medians rest on a thin sample. Gross rent folds in the utilities a tenant pays separately, so it is closer to the real monthly outlay than a headline rent figure.

With 501 residents, a handful of survey responses moves every median on this page. Compare Norwood village against its county rather than against national figures.

All values below were released by the Census for this exact geography, with no gap-filling on our side. Small-area estimates still carry wider margins of error than state or national figures, so check the linked ACS tables before relying on them for lending, appraisal or legal work.