Norwell, MA
Maps & Population Facts
Population
10,897
Population Density
521
Labor Participaton
67.7%
Bachelor's or Higher
63.1%
Median Household Income
$128,563
Median Individual Income
$61,203
Median Individual Income(Full-time Workers Only)
$93,750
Housing Estimates
Median House Value
$583,300
Median Gross Rent
$711
Median Mortgage Payment
$3,263
Housing Units
3,799
People who reside in Norwell live in:
Detached - Single Family Homes
92%
Apt, Condo, Other
8%
Analysis
Income
Households in Norwell earn significantly more money than the national median income, averaging 1.13% higher per household.
Housing
Norwell has a median house price of $583,300, which makes it one of the most expensive places in the United States to own property. The cost of renting in Norwell is 30% less than the national average.
| Percent | |
|---|---|
| Renter Occupied Households | 38% |
| New Construction (Built after 2000) | 12% |
Demographics
The median age in Norwell is 43. Norwell has a population that is significantly older than in comparison to the US median age.
Norwell ranks in the highest of the nation for having an educated population with more college graduates per resident than most areas.
Housing Data
Housing Comparison
| Norwell | Massachusetts | USA | |
| Median Property Value | 583,300 | 385,400 | 217,600 |
| Median Mortgage Payment | 3,263 | 2,108 | 1,513 |
| Median Gross Rent | 711 | 1,208 | 1,012 |
| Property Vacancy | 4.4% | 10.0% | 12.6% |
| % Renters | 6% | 38% | 36% |
| Residents per Sq. Mi. | 521 | 885 | 93 |
Personal Comparison
| Norwell | Massachusetts | USA | |
| Median Household Income | 128,563 | 77,385 | 60,336 |
| Median Individual Income | 61,203 | 41,700 | 33,646 |
| Median Income (Full-Time) | 93,750 | 60,923 | 46,881 |
| Median Age | 43.3 | 39.5 | 38.1 |
| Labor Participation | 67.7% | 67.8% | 62.8% |
| Attained College Degree | 63.1% | 43.4% | 32.0% |
Population Density Analysis
Norwell, MA
521
Residents per Sq. Mile
The population density of Norwell is comparable to that of a Suburban Area.
Major City
10,000 Residents +
Mid-Sized City
5,000 Residents +
Small City
2,500 Residents +
Suburban
500 Residents +
Rural
100 Residents +
Remote
1 Residents +