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Norwood, MA

Norwood is a small city in Massachusetts with a population of just over 29,000. It's a nice place to settle down, as retirees account for a greater percentage of the population (17%) here than they do nationally (14%), while young adults feature less prominently in the demographics. Renters tend to be in the minority in the area, and 59% of residents own their homes. Relatively high rent costs could be a contributing factor, as the average rent of $1,346/month is substantially higher than the state average of $1,218.

Norwood has a high concentration of residents older than 25 with advanced degrees compared to the national average (7%), as 11% have earned a Master's or a Doctoral degree. Furthermore, 22% have earned a Bachelor's degree, which also outpaces the national average. Many Norwood residents work in one of four industries: healthcare, retail, scientific, and education. Together, these industries account for 29% of the city's workforce. Meanwhile, in terms of job function, many residents work in management, as 10% of the city's population reports this as their field of work, the highest number of any career path. Norwood workers earn an average annual income of just over $96K, around $13,000 more than those elsewhere in Massachusetts. Norwood's average income also compares favorably to the national average of $73,345.

Norwood residents have an average commute of about 35 minutes, longer than the state average of about 31 minutes. Driving is the most common way to get to work, selected by 45% of workers, while public transportation is used by just 5% of the city. Walking isn't a common method of commuting to work.

Average Rent in Norwood

Studio1 Bed2 Bed3 Bed
Nov 19$2,990$2,205$2,612$2,970
Oct 193,0902,2102,6922,935
Sep 193,1402,0972,7422,917
Aug 193,1402,0802,6922,917
Sep 192,0802,6922,942
Aug 192,0472,6072,917
Jul 192,0372,7172,895
Jun 192,0222,5032,827
May 192,1172,7182,902
Apr 192,1222,5652,937
Mar 191,8642,0572,755
Feb 191,8271,9972,718
*The rent information included in this summary is based on a median calculation of multifamily rental property inventory on Apartment Guide and Rent.com over the past 12-months and is for illustrative purposes only. This information does not constitute a pricing guarantee or financial advice related to the rental market.
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Frequently Asked Questions About Norwood

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Information is copyrighted and school data provided by GreatSchools.org. Information is deemed reliable but not guaranteed. Schools listed above are based on distance from the selected location and are just a sampling of the schools in the area. To find a particular school district, and how it relates to a specific apartment, please contact the apartment manager.

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