Norwood, PA is a small Borough located in Delaware County. It is home to around 1,500 residents and offers affordable living with a two bedroom rent at $1,280 which is $150 lower than the US average of $1,430. Norwood also has a grocery cost index of 103 versus the US average of 100 which means groceries are slightly more expensive than the national norm. Local companies include Norwood Hardware & Supply, Creative Solutions Home Care, and Norwood Auto Body & Paint. These businesses operate out of the quaint town of Norwood and provide services to its citizens and surrounding areas.
Norwood has an unemployment rate of 7.1%. The US average is 6.0%.
Norwood has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 27.7%, 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 3.1%. 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 $27,734 a year. The US average is $28,555 a year.
- The Median household income of a Norwood resident is $90,568 a year. The US average is $69,021 a year.