Cost of Living in Norwood, MA
Population: 31,380 • 2026 Data
$97,110
Median Household Income
+25% vs national
$2,056
Median Monthly Rent
+53% vs national
$613,500
Median Home Value
+81% vs national
3.5%
Unemployment Rate
Housing in Norwood
The median home value in Norwood, MA is $613,500. Monthly rent for a typical unit averages $2,056, while total monthly housing costs (including utilities and insurance) average $2,041.
Rent-to-income ratio: 25.4%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Norwood, MA is $97,110. The unemployment rate stands at 3.5%, with a labor force of 18,425 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.