Norwood Young America, MN Profile: Facts & Data

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Norwood Young America, Minnesota - Basic Facts

The City of Norwood Young America had a population of 3,647 as of July 1, 2019. Norwood Young America ranks in the upper quartile for Population Density when compared to the other cities, towns and Census Designated Places (CDPs) in Minnesota. See peer rankings below.

The primary coordinate point for Norwood Young America is located at latitude 44.7736 and longitude -93.9216 in Carver County. The formal boundaries for the City of Norwood Young America encompass a land area of 2.56 sq. miles and a water area of 0 sq. miles. Carver County is in the Central time zone (GMT -6). The elevation is 991 feet.

The City of Norwood Young America (GNIS ID: 2395278) has a C5 Census Class Code which indicates an active incorporated place that is independent of any county subdivision and serves as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

Alternate Unofficial Names for Norwood Young America: City of Norwood, City of Norwood Young America, City of Young America, Norwood, Young America.

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  1. Norwood Young America 2019 Demographic Data
  2. Growth Rates for Norwood Young America (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Minnesota Research Tools (Easy Tools & Current Data)
  3. Minnesota Data Comparison Tool - 2019 Demographics

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Norwood Young America, MN Data & Demographics (As of July 1, 2019)

HOUSING AFFORDABILITY INDEX

Norwood Young America, MN Housing Affordability Index is 180
State of Minnesota Housing Affordability Index is 135
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.

WEALTH INDEX

Norwood Young America, MN Wealth Index is 77
State of Minnesota Wealth Index is 112
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

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  5. See the Minnesota COVID-19 Data and US COVID-19 Data for more information on the spread of the novel coronavirus.

POPULATION

Total Population 3,647 (100%)
Population in Households 3,636 (99.7%)
Population in Families 2,968 (81.4%)
Population in Group Quarters1 11 ( 0.3%)
Population Density 1,528
Diversity Index2 21
 

INCOME

Median Household Income $76,158
Average Household Income $80,596
Per Capita Income $31,946
Wealth Index4 77

HOUSING

Total Housing Units 1,526 (100%)
Owner Occupied HU 1,115 (73.1%)
Renter Occupied HU 329 (21.6%)
Vacant Housing Units 82 ( 5.4%)
Median Home Value $213,081
Housing Affordability Index3 180
 

HOUSEHOLDS

Total Households 1,444
Average Household Size 2.52
Family Households 984
Average Family Size 3
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different race or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

GROWTH RATE / YEAR

2010-2019 2019-2024
Population 1.41% 0.99%
Households 1.44% 1.02%
Families 1.42% 0.98%
Median Household Income   1.48%
Per Capita Income   3.26%

Norwood Young America, MN - Peer Comparisons by Rank and Percentile

The table below compares Norwood Young America to the other 903 incorporated cities, towns and CDPs in Minnesota by rank and percentile using July 1, 2019 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 187 79th
Population Density # 134 85th
Diversity Index # 279 69th
Median Household Income # 166 82nd
Per Capita Income # 370 59th

Additional comparisons and rankings can be made with a VERY EASY TO USE Minnesota Census Data Comparison Tool.

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