Norway, IN
Population 307 · Indiana
About Norway, IN
Norway is a small community located in Indiana with a population of 307 residents according to the latest US Census Bureau American Community Survey data. The median household income is $41,375 per year, which is 45% below the national median of $75,149. The median age of 50.1 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Norway features a median home value of $95,000, which is 61% below the national median of $244,900. This makes Norway one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 179 total housing units, 97% are owner-occupied (128 units) and 3% are renter-occupied (4 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Norway shows an unemployment rate of 21.6%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 22.8%, above the national average of 12.4%. Workers in Norway have an average one-way commute time of 0 minutes, one of the shorter commutes in the region.
Education & Demographics
6.9% of Norway residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 12.7% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 2.0% of the population being foreign-born.
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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Demographics
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Economy & Education
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Other Cities in Indiana
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 US Census Bureau American Community Survey estimates. This makes it a small community in Indiana.
What is the median household income in Norway?
The median household income in Norway, IN is $41,375 per year, which is 45% below the national median of $75,149.
What is the median home value in Norway?
The median home value in Norway, IN is $95,000, which is 61% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Norway?
The median monthly rent in Norway, IN is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Norway?
The unemployment rate in Norway, IN is 21.6%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Norway, IN a good place to live?
Norway offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 307 and a median age of 50.1, the city appeals to established professionals and retirees.
How educated is Norway, IN?
6.9% of residents in Norway aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Norway?
Key cost-of-living indicators for Norway, IN: median home value is $95,000 (61% below national), median rent is $0/month, and median household income is $41,375. The home-value-to-income ratio is 2.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Norway?
The poverty rate in Norway, IN is 22.8%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Norway, IN?
Norway's population is 12.7% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 2.0% of residents are foreign-born.