Norwood is a somewhat small borough located in the state of Pennsylvania. With a population of 5,890 people and two associated neighborhoods, Norwood is the 237th largest community in Pennsylvania.

One interesting thing about the economy is that relatively large numbers of people worked from their home: 7.85% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.

Even though Norwood is a smaller borough, it has many people who hop on public transportation – mostly the train for their daily commute to work. Typically, these people are commuting to good jobs in the surrounding cities.

The overall education level of Norwood is somewhat higher than in the average US city of 21.84%: 26.22% of adults 25 and older in the borough have at least a bachelor's degree.

The per capita income in Norwood in 2022 was $38,232, which is upper middle income relative to Pennsylvania and the nation. This equates to an annual income of $152,928 for a family of four. However, Norwood contains both very wealthy and poor people as well.

Norwood is a somewhat ethnically-diverse borough. The people who call Norwood home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Norwood residents report their race to be White, followed by Asian. Important ancestries of people in Norwood include Irish, Italian, German, English, and Polish.

The most common language spoken in Norwood is English. Other important languages spoken here include Polish and Spanish.