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Norwood, Illinois

village · Mercer County (primary) , Peoria County

At a glance

532
Population
$97,000
Median home value (all homes)
68% below U.S. median
$132,873
Typical market value
Zillow, 2026-07
$975/mo
Median rent
28% below U.S. median
$69,583
Median household income
11% below U.S. median
28.5 min
Average commute
92.8%
Homes with broadband
0%
Locations with fiber available
5.3%
Unemployment

Cost of living (Clay Affordability Index)

CAI 84 — 16% below the national average. how it's computed

Housing50% below
Goods & services6% below
Utilities43% above
Taxes9% above
Insurance18% below
Commute cost2% above
For business: Illinois is CBII band 3/5 · time to build band 2/5. See state page for the breakdown.

Living here

Nearest 4-year college4 mi
Nearest community college9 mi
Nearest technical college6 mi
High school graduates90.6%
College graduates5.6%

Doing business here

Economic development contacts, most local first:

county Mercer County Economic Development
Mercer County Better Together is a 501c3 nonprofit community and economic development organization committed to improving the strength, sustainability and vibrancy of Mercer County, its communities, businesses and organizations through the alignment of resources and priorities.
state Ameren Economic Development Services
Ameren provides energy services in Illinois and Missouri, including energy efficiency programs, electric vehicles, renewables, and economic development resources for businesses.
state Illinois Department of Commerce & Economic Opportunity
The Illinois Department of Commerce and Economic Opportunity (DCEO) is the state's commerce department focused on creating equitable economic opportunities by attracting and supporting job creators, investing in communities, strengthening Illinois’ workforce, fostering innovation, and advancing the clean energy economy.
state Illinois Valley Area Chamber of Commerce & Eco Dev
Illinois Valley Area Chamber of Commerce & Economic Development is a regional economic development organization with a focus on business retention and expansion for both small businesses and large industrial corporations.
state NW Illinois Economic Development
NW Illinois Economic Development (NWILED) promotes economic development by fostering business growth and assisting expanding and relocating businesses, providing access to resources to start and grow their businesses, and coordinating with government and business partners.
state Northwest Illinois Development Alliance
NW Illinois Economic Development (NWILED) promotes economic development by fostering business growth and assisting expanding and relocating businesses in cooperation with government and business partners. It supports entrepreneurs by providing access to resources to start and grow their businesses and aims to create a welcoming business environment by matching the skills of the available workforce with business needs.
state Quad Cities First
Community development organization focused on local business growth; the Quad Cities Chamber helps members connect, collaborate and grow, advocates for business at city halls, in state legislatures and in Washington, D.C., and supports small and minority business development.
state Research Park at University of Illinois
Research Park is a leading technology hub on the University of Illinois campus that cultivates startups and accelerates corporate innovation. It hosts 120+ companies and over 2,000 affiliated employees, with EnterpriseWorks serving as the incubator for early-stage tech firms.
state Southwestern Illinois Development Authority
The Southwestern Illinois Development Authority (SWIDA) is a quasi-governmental, municipal corporation created by the Illinois General Assembly in 1987 to promote and enhance community and economic development in Bond, Clinton, Madison and St. Clair counties. It operates without tax dollars and uses bonds and other financing tools, real estate development services and technical development assistance.
State sales taxYes
State income taxYes
Right-to-work stateNo

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