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Cost of living, pay and housing

40.71° N · 89.70° W · GEOID 1754404

Norwood

Peoria County, Illinois · part of the Peoria, IL metro

Limited data population under 5,000

IllinoisNorwood, ILNorwoodNorwood

The short answer

Norwood is home to 532 people. Median household income is $69,583 a year and median rent is $975 a month, 16.8% of income (a ratio of two medians, not any one household's burden). Rent pressure is lighter than in most places. The median home is valued at $97,000, about 1.4x annual median household income.

Median gross rent
$975
29% below the median place
Median household income
$69,583
13% below the median place
Median home value
$97,000
70% below the median place
Unemployment
5.3%
9% above the median place

Compared with the median of the 6,645 places we track. The bundle was checked 2026-11-14; each measure may refer to an older release.

What stands out about Norwood

  • The median home is worth 1.4 years of the median household's income, fewer than in 99% of the 2,480 places under 10,000 people we track. It is the 3rd-lowest of 335 Illinois places.
  • 91% of homes are owner-occupied, more than in 92% of places its size.
  • Owning with a mortgage costs only about $172 a month more than the median rent, a smaller gap than in 86% of places its size.
  • Half the homes were built before 1957, older housing than in 85% of places its size.

Rent is light relative to pay, but the county has a FEMA natural hazard risk score of 91 out of 100. Budget for insurance before counting the savings.

01

Moving to Norwood

Peoria County loses about 3.7 residents per 1,000 a year to moves between counties.

Moved in7,024
Moved out7,560
Net−536

Where people come from and where they go, top counties

Tazewell County, IL1,3191,697−378
Knox County, IL158175−17
Marshall County, IL115

Within Illinois, other states or abroad

Arrivals
Leavers
Within IllinoisOther statesAbroad

Income per tax return

Arrivals$59K
Leavers$77K

People on tax returns who moved between counties, from IRS migration data, 2022 to 2023. Figures are for all of Peoria County; flows under 20 returns are not published.

Who moves here
5.4% of residents arrived from another county in the past year, 0.0% from another state. County figure.
Who arrives and who leaves
Households moving into Peoria County report $59,200 a year in income on average; those leaving, $76,700, so leavers earn more than newcomers.
Income you would need
$39,000 a year to rent the median home at the 30% line. From your city
Rent or buy
Median rent is $975 a month; owners with a mortgage pay $1,147 a month including taxes and insurance, on a median home of $97,000.
Getting to work
29 minutes each way on average; 11.4% work from home.
If it is close but not quite
Brentwood, PA matches it on character. Compare the two
Moved from another state1
0.0%
below the median place (median 2.0%)
Income of households moving in8
$59,210
16% below the median place
Net movers per 1,000 people8
-3.7
below the median place (median -0.6)
All 5 moving measures
MeasureNorwoodAmong 6,645 placesVs median
Moved here in the past year1County figure5.4%6% below
Moved from another state10.0%below (median 2.0%)
Net movers per 1,000 people8County figure-3.7below (median -0.6)
Income of households moving in8County figure$59,21016% below
Income of households moving out8County figure$76,6729% above
02

What it costs to live here

Home price to income is 1.4x, 63% below the median place.

Norwood16.8%
Typical place20.4%

Share of the median household income that goes to the median rent. Above 30% is the usual stress line.

Income needed to rent
$39,000
a year, at the 30% line
Rent to income
16.8%
18% below the median place
Home price to income
1.4x
63% below the median place

Could you afford it?

The median rent would take
17%
comfortably under the 30% line
Left after rent, in US prices
$60,200
a year
Vs the typical household here
Same
as the median household

Uses the median rent in Norwood, $975 a month, and local prices for everything else (96.9 against a US average of 100). It runs in your browser and stores nothing.

Moving from somewhere else? Work out the salary you would need in Norwood.

Sponsored · exampleMoving to Norwood? Compare quotes from licensed movers. No partner is signed yet. Sponsored offers are always labelled and never change the data.
Property tax rate1
2.8%
203% above the median place
Median home value1
$97,000
70% below the median place
Homeownership1
91.4%
38% above the median place
All 16 cost and housing measures
MeasureNorwoodAmong 6,645 placesVs median
Median gross rent1$97529% below
Rent to income116.8%18% below
Property tax rate12.8%203% above
Home price to income11.4x63% below
Prices vs US average2Metro figure91.210% below
Fair market rent, 2 bedrooms3County figure$1,21225% below
HUD area median income4County figure$106,1001% below
Property tax paid (median)1$2,68118% below
Median home value1$97,00070% below
Home prices, 1-year change5County figure6.4%101% above
Home prices, 5-year change5County figure44.9%13% below
Homeownership191.4%38% above
Renters paying 30%+1County figure47.2%7% below
Owner costs with a mortgage1$1,14739% below
Vacant homes1County figure8.4%20% above
Median year built119571% below
03

Work and pay

Commutes by transit is 0.0%, below the median place (median 0.8%).

Commutes by transit1
0.0%
below the median place (median 0.8%)
Income per person1
$27,706
31% below the median place
Mean commute1
29 min
14% above the median place
All 10 work and pay measures
MeasureNorwoodAmong 6,645 placesVs median
Median household income1$69,58313% below
Income per person1$27,70631% below
Unemployment15.3%9% above
Average annual pay6County figure$76,93317% above
Pay growth, 1 year6County figure2.9%22% below
Jobs6County figure101,80932% below
Poverty rate1County figure15.7%45% above
Mean commute129 min14% above
Works from home1County figure11.4%8% below
Commutes by transit10.0%below (median 0.8%)
04

Who lives here

Population change since 2020 is -1.6%, below the median place (median 1.1%).

Population change since 20207
-1.6%
below the median place (median 1.1%)
No health insurance1
5.3%
17% below the median place
Household size1
2.4
4% below the median place

More about who lives here, against the typical place

High school or higher90.6% −2%
Homes with broadband92.8% +1%
Median age38.7 −1%
All 9 people measures
MeasureNorwoodAmong 6,645 placesVs median
Population15326646th largest
Population change since 20207-1.6%below (median 1.1%)
Median age138.71% below
Bachelor's or higher1County figure34.9%9% above
High school or higher190.6%2% below
Household size12.44% below
Born abroad1County figure7.1%19% below
No health insurance15.3%17% below
Homes with broadband192.8%1% above
05

Life in Norwood

36 sites are on the National Register of Historic Places.

Businesses per 10,000 residents (county figures)

Restaurants and bars24.5 +18%
Shops34.3 +13%
Arts, recreation and fitness5.3 +29%
Doctors' offices and clinics20.2 +0%
Child care centers1.5 −35%

Counts businesses with paid staff, so small owner-run shops are not included.

Child care centers per 10k9
1.5
35% below the median place
Public schools11
79
above the median place (median 9)
Restaurants and bars per 10k9
24.5
18% above the median place
All 9 schools and local life measures
MeasureNorwoodAmong 6,645 placesVs median
Public schools11County figure79above (median 9)
Public school students11County figure27,428above (median 4,897)
Students per teacher11County figure14.93% below
Restaurants and bars per 10k9County figure24.518% above
Shops per 10k9County figure34.313% above
Arts, recreation and fitness per 10k9County figure5.329% above
Doctors' offices and clinics per 10k9County figure20.20% above
Child care centers per 10k9County figure1.535% below
National Register listings10County figure36177% above
06

Safety, weather and risk

Wildfire risk is 9.8, 84% below the median place.

No crime figure yet. Either the city police department did not report to the FBI for the latest year, or our monthly fetch has not reached Norwood. Larger places are fetched first.

Wildfire risk13
9.8
84% below the median place
January average low12
16°F
35% below the median place
Hurricane risk13
30.7
57% below the median place
All 11 weather and risk measures
MeasureNorwoodAmong 6,645 placesVs median
July average high12County figure86°F1% below
January average low12County figure16°F35% below
Average temperature12County figure52°F6% below
Annual precipitation12County figure38.1 in13% below
Natural hazard risk13County figure90.72% below
Hurricane risk13County figure30.757% below
Tornado risk13County figure95.818% above
Wildfire risk13County figure9.884% below
Heat wave risk13County figure92.93% above
Median air quality index14County figure455% above
Good air days14County figure59.9%13% below
08

Norwood in 2030: where the trends point

If recent trends hold, the median rent will take about 17% of the median income in 2030, about the same as 17% now.

Citytistics projections to 2030: each figure's own trend, blended with the typical trend across the places we rate, eased toward long-run US growth and carried forward from the latest release. The range is where 80% of places landed when we tested the same method on past releases.

MeasureLatest2030 projectionLikely rangeAvg. per year
Median rent$975/mo (2024)$1,220/mo$1,000 to $1,490/mo+3.8%
Median household income$69,583 (2024)$87,500$74,000 to $103,500+3.9%
Median home value$97,000 (2024)$129,000$94,000 to $178,000+4.9%
Population431 (2025)430410 to 450+0.0%

The median home would be worth 1.5 years of the median income in 2030, against 1.4 now.

A projection of recent trends, not a prediction of the economy or advice to buy or sell. How we project.

09

Places like Norwood

The closest matches on income, rent, home value, education and age, and the places nearby.

PlaceRentIncome
Brentwood, PA$860$68,904Compare
Collinsville, IL$1,038$67,612Compare
Cuyahoga Falls, OH$1,038$72,705Compare
Wausau, WI$1,010$64,389Compare
Wausau, WICuyahoga Falls, OHCollinsville, ILBrentwood, PANorwood, ILNorwoodBrentwoodCollinsvilleCuyahoga FallsWausauNorwoodBrentwoodCollinsvilleCuyahoga FallsWausau

Common questions

Is Norwood a good place to live?

It depends on what you need, so here is what the numbers say. The median home is worth 1.4 years of the median household's income, fewer than in 99% of the 2,480 places under 10,000 people we track. It is the 3rd-lowest of 335 Illinois places. 91% of homes are owner-occupied, more than in 92% of places its size. See how it ranks with your own weights.

Is Norwood expensive to live in?

The median rent takes 16.8% of the median household income, against 20.4% in the typical place we track. Housing is a lighter load here than usual. The median home is valued at $97,000.

What salary do you need to live in Norwood?

To rent the median home without spending more than 30% of income on rent, a household needs about $39,000 a year. Work it out from your current city.

What places are similar to Norwood?

On income, rent, home value, education and age, the closest matches are Brentwood, PA, Collinsville, IL, Cuyahoga Falls, OH and Wausau, WI.

Sources and methods

The small numbers beside each measure point here. Every dataset is public; links go to the publisher.

  1. American Community Survey 5-year estimates · US Census Bureau · 2020 to 2024 estimatesTables B01002, B01003, B05002, B07003, B08013, B08301, B15003, B17001, B19013, B19301, B23025, B25002, B25003, B25010, B25035, B25064, B25070, B25077, B25088, B25103, B28002, S2701
  2. Regional Price Parities · US Bureau of Economic Analysis · Latest release, retrieved 2026-11-14
  3. Fair Market Rents · US Department of Housing and Urban Development · Fiscal year 2027
  4. Income Limits · US Department of Housing and Urban Development · Fiscal year 2026
  5. House Price Index · Federal Housing Finance Agency · Latest release, retrieved 2026-11-14
  6. Quarterly Census of Employment and Wages · US Bureau of Labor Statistics · 2025 annual averages
  7. Population Estimates · US Census Bureau · Vintage 2025
  8. SOI Tax Stats, county-to-county migration · Internal Revenue Service · Tax years 2022 to 2023Counts tax returns and the people on them; flows under 20 returns are suppressed.
  9. County Business Patterns · US Census Bureau · 2023 data
  10. National Register of Historic Places · National Park Service · Listings through 2026-05-22
  11. Common Core of Data · National Center for Education Statistics · 2024 release
  12. 1991-2020 climate normals · NOAA National Centers for Environmental Information · Series updated 2026-11-05Averages for 1991 to 2020 computed from NOAA's county climate series (nClimDiv).nClimDiv county series
  13. National Risk Index · Federal Emergency Management Agency · Latest release, retrieved 2026-11-14NRI data and maps
  14. Air Quality System, annual AQI by county · US Environmental Protection Agency · 2025 dataAirData download files

Derived by Citytistics from the tables above: rent to income (B25064, B19013); property tax rate (B25103, B25077); home price to income (B25077, B19013).

What stands out compares Norwood with places of a similar size, using only figures measured for Norwood itself; county and metro figures never count. Survey figures are estimates with margins of error. Formulas and definitions: methodology. API: /api/v1/places/norwood-illinois

Citytistics. “Norwood, Illinois.” Data as of 2026-11-14. https://www.citytistics.com/city/norwood-illinois/

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.