Norway, IN
Population 307 · Indiana
About Norway, IN
Norway is a small community in Indiana with a population of 307 residents. The median household income is $41,375 per year, which is below the national average. The median age in Norway is 50.1 years.
Housing in Norway has a median home value of $95,000 and median monthly rent of $0. Of the 179 total housing units, the majority are owner-occupied, with 128 owner-occupied and 4 renter-occupied units.
The unemployment rate in Norway is 21.6% and the poverty rate is 22.8%. 6.9% of residents hold a bachelor's degree or higher. The average commute time is 0 minutes.
Cost of Living in Norway, IN
Compared to national averages, Norway has a median household income of $41,375 (45% below the national median of $75,149). Home values average $95,000, which is 61% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Indiana, Norway's income is 40% below the state average of $69,330, and home values are 42% below the state median of $163,409.
Why Live in Norway, IN?
Norway offers affordable housing with a median home value of $95,000, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and short commute times averaging just 0 minutes.
Potential considerations include median household income ($41,375) that falls below the national average. However, Norway’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Norway has a population of 307 with a median age of 50.1 years. Compare Norway with other cities to see how it stacks up, or explore all cities in Indiana.
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Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Norway
What is the population of Norway, IN?
The population of Norway, IN is 307 according to the latest Census data.
What is the median household income in Norway?
The median household income in Norway, IN is $41,375 per year.
What is the median home value in Norway?
The median home value in Norway, IN is $95,000.
What is the average rent in Norway?
The median monthly rent in Norway, IN is $0.
What is the unemployment rate in Norway?
The unemployment rate in Norway, IN is 21.6%.