Norwood, Michigan 

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United States / Michigan / No Metro Area / Charlevoix County / Norwood / Zip Codes

Economy in Norwood, Michigan

Norwood has an unemployment rate of 5.0%. The US average is 3.9%.

Norwood has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 25.5%, which is lower than the US average of 33.5%.

Tax Rates for Norwood
- The Sales Tax Rate for Norwood is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Norwood is 4.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Norwood
- The average income of a Norwood resident is $33,182 a year. The US average is $28,555 a year.
- The Median household income of a Norwood resident is $68,750 a year. The US average is $53,482 a year.

INCOME BY POPULATION PERCENT

  ECONOMYNorwood, MichiganUnited States
  4.2%3.7%
  0.8%1.6%
  25.5%33.5%
  6.0%6.2%
  4.3%4.6%
  $33,589$31,177
  $61,000$57,652
  $65,625$70,850
  POPULATION BY OCCUPATION
  0.0%1.3%
  0.0%0.6%
  19.7%6.2%
  9.8%10.4%
  0.0%2.7%
  16.4%11.6%
  0.0%4.1%
  3.3%0.9%
  11.5%2.1%
  0.0%4.7%
  3.3%1.9%
  6.6%6.7%
  0.0%0.1%
  1.6%4.3%
  6.6%9.3%
  16.4%13.8%
  0.0%2.2%
  0.0%7.4%
  4.9%4.9%
  0.0%4.8%
ECONOMY MAP
  • Unemployment Rate (US Avg: 5.2%)
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    MAPS OF NORWOOD, MICHIGAN
    Check out the latest Maps in a variety of categories including cost of living, population, and commute time.Norwood,Michigan Map
    ZIP CODES IN NORWOOD, MICHIGAN
    No Zip Codes Here.

    NEW LISTINGS IN NORWOOD
    $769,600
    00415 Lakeshore Dr
    Bed 4 | Bath 4

    $784,000
    45 Lake Shore Dr
    Bed 3 | Bath 4

    $189,900
    19009 Gennett Rd
    Bed 3 | Bath 2


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