Salary & Cost of Living in Norwood, MA
Norwood, MA: $72,668 median salary, cost of living index 126.3, $15.00/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$72,668
$35/hr
Cost of Living
126.3
US avg = 100
Minimum Wage
$15.00
per hour
Unemployment
4.1%
rate
Norwood, MA Overview
Population
30,602
Median Salary
$72,668
Average Salary
$81,388
Avg Commute
20 min
Median Home Price
$568,000
Median Rent
$2,287/mo
Job Growth
+1.2%
Sales Tax
6.25%
Norwood is located in Massachusetts with a population of 30,602. The median household salary is $72,668 per year ($35/hour), which is $13,284 above the national median of $59,384. The average commute time is 20 minutes, and the city has a job growth rate of +1.2%.
Norwood Salary by Experience Level (2026)
Wage distribution in Norwood, MA based on BLS percentile breakdown of the $72,668 median salary. Entry-level represents 10th–25th percentile; mid-level is the median; senior-level represents 75th–90th percentile.
| Experience Level | Annual Salary | Hourly Wage | Years Exp |
|---|---|---|---|
| Entry-Level | $45,054 | $21.66/hr | 0–2 years |
| Mid-Level (Median) | $72,668 | $34.94/hr | 3–7 years |
| Senior-Level | $103,189 | $49.61/hr | 8–15 years |
| Top 10% (90th Percentile) | $129,349 | $62.19/hr | 15+ years / leadership |
Percentile multipliers (62%, 100%, 142%, 178%) derived from 2024 BLS Occupational Employment and Wage Statistics distribution across all occupations in metro areas. Specific roles vary; see jobs by city for role-specific data.
Norwood Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Norwood, MA, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$55,875
$4,656.21/month · $2,149.02/biweekly · Effective Rate: 23.1%
Gross Pay
$72,668
Federal Tax
-$7,601
State Tax
-$3,633
Local Tax
$0
FICA
-$5,559
Net Pay
$55,875
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $6,055.67 | $72,668.00 |
| Federal Income Tax | -$633.41 | -$7,600.96 |
| Massachusetts State Tax (5%) | -$302.78 | -$3,633.40 |
| Social Security (6.2%) | -$375.45 | -$4,505.42 |
| Medicare (1.45%) | -$87.81 | -$1,053.69 |
| Net Take-Home Pay | $4,656.21 | $55,874.54 |
Salary Comparison: Norwood vs Other Cities
See how Norwood's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Norwood, MA | $72,668 | 126.3 | $57,536 |
| National Average | $59,384 | 100 | $59,384 |
| La Habra, CA | $72,666 | 154.8 | $46,942 |
| Dracut, MA | $72,672 | 126.4 | $57,494 |
| Vacaville, CA | $72,689 | 149.5 | $48,621 |
| Severna Park, MD | $72,689 | 104.2 | $69,759 |
Adjusted salary reflects purchasing power when cost of living is factored in. A higher adjusted salary means your money goes further.
Cost of Living in Norwood
Norwood's cost of living index is 126.3 (national average = 100). Living in Norwood is 26.299999999999997% more expensive than the national average.
Median Home Price
$568,000
Median Monthly Rent
$2,287
Annual Rent Cost
$27,444
Your Salary's Purchasing Power
Your $55,875 annual take-home pay in Norwood has the purchasing power of approximately $44,240 in an average-cost US area. You would need to earn $91,780 in Norwood to match a $72,668 salary in an average-cost city.
Top Industries in Norwood
Norwood's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $72,668.
Salary Tips for Norwood Workers
- Negotiate for cost of living. Norwood has a cost of living 26.299999999999997% above the national average. When negotiating salary, factor in the higher housing and living costs to ensure your real purchasing power stays competitive.
- Research top industries. Norwood's top industries include Biotech, Education, Finance. Targeting roles in these sectors can help you earn above the $72,668 median salary.
- Review your W-4 withholding. If you regularly receive large tax refunds, adjust your W-4 to increase your per-paycheck take-home pay instead of giving the government an interest-free loan.
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Frequently Asked Questions
What is the median salary in Norwood, MA?
The median salary in Norwood, MA is $72,668 per year, or $35 per hour. The average salary is $81,388. This is $13,284 above the national median of $59,384.
What is the cost of living in Norwood, MA?
Norwood's cost of living index is 126.3 (national average = 100), meaning it is 26.299999999999997% more expensive compared to the national average. The median home price is $568,000 and the median monthly rent is $2,287.
What are the best industries in Norwood?
The top industries in Norwood, MA include Biotech, Education, Finance. The city has a job growth rate of 1.2% and an unemployment rate of 4.1%. Workers in these industries often earn above the city's median salary of $72,668.
How does Norwood's salary compare to other cities?
Norwood's median salary of $72,668 is 22.4% above the national median of $59,384. However, when adjusted for cost of living (index: 126.3), the real purchasing power is approximately $57,536.
What is the minimum wage in Norwood, MA?
The minimum wage in Norwood, MA is $15.00 per hour. This equals approximately $31,200 per year for a full-time worker (40 hours/week). This is $7.75 above the federal minimum wage of $7.25/hour.