Living in Norway, Indiana
Cost of living, income, home prices, rent and demographics of Norway · Census data 2020–2024
Norway has 282 residents with a median age of 50.8. The median household income is $39,286 (45% lower than the Indiana median), the median home value is $106,000.
Norway is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Norway at a glance
- Population
- 282
- Median age
- 50.8State: 38.1
- Median household income
- $39,286State: $71,957
- Median home value
- $106,000State: $218,200
- Homeowners
- 95.8%
- Bachelor's degree or higher
- 7.5%
Is Norway a good place to live?
Pros: Home values 51% lower than the state median.
Cons: Median household income 45% lower than the Indiana median; unemployment of 23.9%; a poverty rate of 15.6%.
The weather is best in May–June and August–September.
Cost of living in Norway
Housing is the biggest part of the cost of living. In Norway the median home value is $106,000, 68% lower than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay $1,007 a month in housing costs.
Norway median household income
The median household income in Norway is $39,286 and the income per person is $24,053. 15.6% of residents live below the poverty line (Indiana: 12.3%).
Housing in Norway: homes for sale and rent
- Housing units
- 204
- Owner-occupied
- 95.8%
- Renter-occupied
- 4.2%
- Vacant
- 30.4%Includes seasonal homes
- Median year built
- 1955
- Average household size
- 1.99
30.4% of homes are vacant most of the year, a sign that Norway has many vacation and second homes.
Norway demographics
- Population
- 282
- Median age
- 50.8
- Under 18
- 11.7%
- 65 and older
- 37.6%
- Households
- 142
- Foreign-born
- 3.5%
- Veterans
- 23.3%Adults 18+
Hispanic or Latino can be of any race. Population history of Norway ›
Education in Norway
7.5% of adults 25 and older in Norway have a bachelor's degree or higher (Indiana: 29.5%), and 2.7% have a graduate or professional degree.
Jobs and commute in Norway
- Unemployment rate
- 23.9%State: 4.3%
- Average commute
- —State: 24 min
- Work from home
- 0%
- Drive alone
- 68.5%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 95.8%
Norway vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Norway | 282 | $39,286 | $106,000 | — |
| Monticello | 5,496 | $52,798 | $149,600 | $927 |
| Reynolds | 718 | $58,750 | $123,900 | $1,300 |
| Idaville | 399 | $49,323 | $136,300 | — |
| Yeoman | 235 | $49,861 | $128,700 | $556 |
| Buffalo | 947 | $89,934 | $125,000 | — |
| Monon | 2,091 | $49,286 | $96,000 | $912 |
| Chalmers | 526 | $70,500 | $162,500 | $744 |
| Burnettsville | 307 | $63,365 | $104,700 | $925 |
More for people moving to Norway
Norway ZIP code ›Weather and climate ›Living in Norway: FAQ
What is the median household income in Norway, IN?
The median household income in Norway is $39,286, 45% lower than the Indiana median of $71,957 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Norway?
The median home value in Norway is $106,000, compared with $218,200 in Indiana.
Is Norway, IN a good place to live?
Pluses: home values 51% lower than the state median. Minuses: median household income 45% lower than the Indiana median; unemployment of 23.9%; a poverty rate of 15.6%.
What is the median age in Norway?
The median age in Norway is 50.8 years (Indiana: 38.1).
What is the unemployment rate in Norway?
The unemployment rate in Norway is 23.9% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Norway?
7.5% of adults in Norway have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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