Norwood is a city in Ohio state in USA with a population of 19843 residents.. The poverty rate of Norwood is 20.6%, which is 47% higher than national average. The typical household in Norwood earns $45541 a year, compared to the national median of $67,500. Financial hardship is relatively common in the city as 1 in every 5 residents live below the poverty line, well above the national poverty rate of 14.1%. Additionally, more than 1 in every 13 area households live on an income of less than $10,000 a year. Nationwide, 5.8% of households do. Nearly 53.8% of households earn less than $50,000 a year compared to 39% national rate.

A high school education is a basic prerequisite for most jobs, and in Norwood, only 87% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Norwood remained 4.9%, which is 4% higher than national rate. Nearly 1 times comparable to 4.7% national rate, according to the Census. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Norwood, only 32% of adults have a bachelor's degree and 25% have some college but no degree.

Cost of living in Norwood is 89, which is 11% lower than national average. Median home value in Norwood is $146800 , which is 36% lower than national average. While median income in Norwood remained $45541, which is 33% lower than national average.