As of 2017, the median household income in Community District 7 was $35,355. In 2018, an estimated 26% of Norwood and Bedford Park residents lived in poverty, compared to 25% in all of the Bronx and 20% in all of New York City. One in seven residents (14%) were unemployed, compared to 13% in the Bronx and 9% in New York City. Rent burden, or the percentage of residents who have difficulty paying their rent, is 61% in Norwood and Bedford Park, compared to the boroughwide and citywide rates of 58% and 51% respectively. Based on this calculation, , Norwood and Bedford Park are considered low-income relative to the rest of the city and not gentrifying.