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Norwood, NC

Full City Profile · North Carolina · Stanly County County

3.1 /5.0
B Good
3,110 Population 670/sq mi density
$57,953 Median Income $29,228 per capita
$178,900 Home Value $279,411 Zillow
$891 Median Rent 25.7% income on rent
60°F Avg Temperature 310 sunny days/yr
586 Violent Crime/100K 4,877 property/100K
B
Overall
3.1 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.9 / 5.0
$57,953 median income, 3.5% unemployment
A+
Affordability
5.0 / 5.0
$178,900 home value, $891/mo rent
F
Safety
1.0 / 5.0
586 violent crimes/100K (54% above avg)
C+
Education
2.6 / 5.0
19.5% bachelor's degree or higher

Income Overview

Median Household Income
$57,953
23% below
US avg: $75,149
Per Capita Income
$29,228
25% below
US avg: $39,052
Unemployment Rate
3.5%
3% below
US avg: 3.6%
Poverty Rate
5.0%
60% below
US avg: 12.4%

Income Comparison: Norwood vs. U.S. Average

Each bar shows Norwood’s value as a percentage of the national average (100% line = U.S. avg)

Median Household
US: $75,149
$57,953
77%
Per Capita
US: $39,052
$29,228
75%
IRS Avg AGI
US: $72,000
$67,178
93%
Avg Weekly Wage
US: $1,432
$860
60%
Thin line = U.S. average (100%)

Employment & Commute

Avg Weekly Wage
$860
40% below US avg ($1,432)
Mean Commute Time
28 min
1% above US avg (28 min)
Work From Home
10.2%
33% below US avg (15.2%)
Drive Alone
76.5%
5% above US avg (73.2%)
Public Transit
0.0%
100% below US avg (5.0%)
County GDP
$2,785M
County-level GDP (BEA 2024)

How Residents Get to Work

Drive Alone 76.5%
Public Transit 0%
Work From Home 10.2%
Other 13.3%
Average commute time
28 minutes
US avg: 28 min

Business Landscape

Total Establishments
1,703
Restaurants
130
Healthcare
162
Retail
249
Manufacturing
85

Tax & Financial

IRS Avg Adjusted Gross Income
$67,178
7% below US avg ($72,000)
Avg Property Tax
$3,478
1% below US avg ($3,500)
Cost of Living Index
94.3
Below national average (100 = US avg)

Complete Economy Data

Income & Wages

Median Household Income$57,953
Per Capita Income$29,228
IRS Avg Adjusted Gross Income$67,178
Avg Weekly Wage$860
County GDP$2,785M

Hardship Indicators

Unemployment Rate3.5%
Poverty Rate5.0%
Gini Coefficient0.454
Cost of Living Index94.3

Commute

Mean Commute28 minutes
Drive Alone76.5%
Public Transit0.0%
Work From Home10.2%

Businesses

Total Establishments1,703
Restaurants130
Healthcare162
Retail249
Manufacturing85

Tax

IRS Avg AGI$67,178
Avg Property Tax$3,478