Living in Norway, Iowa
Cost of living, income, home prices, rent and demographics of Norway · Census data 2020–2024
Norway has 546 residents with a median age of 43.5. The median household income is $76,667 (about the same as the Iowa median), the median home value is $158,400, the median rent is $1,073/month.
Norway is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Norway at a glance
- Population
- 546
- Median age
- 43.5State: 38.6
- Median household income
- $76,667State: $75,059
- Median home value
- $158,400State: $208,000
- Median rent
- $1,073/moState: $972
- Homeowners
- 92.5%
- Bachelor's degree or higher
- 19.7%
- Average commute
- 21 min
Is Norway a good place to live?
Pros: Median household income about the same as the Iowa median; home values 24% lower than the state median; unemployment of 1%; a poverty rate of 7.9%.
Cons: An average commute of 21 minutes.
The weather is best in June to September.
Cost of living in Norway
Housing is the biggest part of the cost of living. In Norway the median home value is $158,400, 52% lower than the U.S. median. Renters pay a median of $1,073 per month, which is 14.1% of household income. Homeowners with a mortgage pay $1,331 a month in housing costs.
Norway median household income
The median household income in Norway is $76,667 and the income per person is $38,794. 7.9% of residents live below the poverty line (Iowa: 11.1%).
Housing in Norway: homes for sale and rent
- Housing units
- 240
- Owner-occupied
- 92.5%
- Renter-occupied
- 7.5%
- Vacant
- 5.8%Includes seasonal homes
- Median year built
- 1960
- Average household size
- 2.42
Norway demographics
- Population
- 546
- Median age
- 43.5
- Under 18
- 17.8%
- 65 and older
- 23.6%
- Households
- 226
- Foreign-born
- 0%
- Veterans
- 7.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Norway ›
Education in Norway
19.7% of adults 25 and older in Norway have a bachelor's degree or higher (Iowa: 31.4%), and 0% have a graduate or professional degree.
Jobs and commute in Norway
- Unemployment rate
- 1%State: 3.6%
- Average commute
- 21 minState: 20 min
- Work from home
- 8%
- Drive alone
- 87.6%
- Public transit
- 0%
- Walk to work
- 1%
- Homes with broadband
- 85.8%
Norway vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Norway | 546 | $76,667 | $158,400 | $1,073 |
| Watkins | 201 | $96,296 | $102,800 | — |
| Walford | 1,329 | $128,750 | $303,000 | — |
| Newhall | 996 | $67,443 | $186,300 | $642 |
| West Amana | 124 | $55,977 | $184,100 | $827 |
| Atkins | 2,225 | $112,138 | $314,900 | $604 |
| Amana | 755 | $145,903 | $248,400 | $623 |
| Middle Amana | 683 | $100,296 | $267,000 | $673 |
| Fairfax | 2,900 | $114,375 | $274,500 | $1,366 |
More for people moving to Norway
Norway ZIP code ›Weather and climate ›Living in Norway: FAQ
What is the median household income in Norway, IA?
The median household income in Norway is $76,667, about the same as the Iowa median of $75,059 (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 $158,400, compared with $208,000 in Iowa.
How much is rent in Norway?
The median gross rent in Norway is $1,073 per month, about 14.1% of household income.
Is Norway, IA a good place to live?
Pluses: median household income about the same as the Iowa median; home values 24% lower than the state median; unemployment of 1%; a poverty rate of 7.9%. Minuses: an average commute of 21 minutes.
What is the median age in Norway?
The median age in Norway is 43.5 years (Iowa: 38.6).
How long is the commute in Norway?
The average commute to work in Norway is 21 minutes; 8% of workers work from home.
What is the unemployment rate in Norway?
The unemployment rate in Norway is 1% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Norway?
19.7% 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.
Last updated: