Norway, IA
Population 490 · Iowa
About Norway, IA
Norway is a small community in Iowa with a population of 490 residents. The median household income is $91,250 per year, which is above the national average. The median age in Norway is 47.2 years.
Housing in Norway has a median home value of $155,400 and median monthly rent of $1,063. Of the 226 total housing units, the majority are owner-occupied, with 197 owner-occupied and 8 renter-occupied units.
The unemployment rate in Norway is 1.0% and the poverty rate is 1.6%. 17.9% of residents hold a bachelor's degree or higher. The average commute time is 21.2 minutes.
Cost of Living in Norway, IA
Compared to national averages, Norway has a median household income of $91,250 (21% above the national median of $75,149). Home values average $155,400, which is 37% below the national median. Monthly rent at $1,063 is 9% below the US average of $1,163. Within Iowa, Norway's income is 34% above the state average of $67,947, and home values are 18% above the state median of $132,237.
Why Live in Norway, IA?
Norway offers a strong local economy with a median household income of $91,250, well above the national average, and affordable housing with a median home value of $155,400, below the US average of $244,900, and rent that’s lower than the national average at $1,063/month. Additionally, the city features a strong job market with an unemployment rate of just 1.0%, and a low poverty rate of 1.6%, better than the national average, and short commute times averaging just 21.2 minutes.
Norway has a population of 490 with a median age of 47.2 years. Compare Norway with other cities to see how it stacks up, or explore all cities in Iowa.
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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, IA?
The population of Norway, IA is 490 according to the latest Census data.
What is the median household income in Norway?
The median household income in Norway, IA is $91,250 per year.
What is the median home value in Norway?
The median home value in Norway, IA is $155,400.
What is the average rent in Norway?
The median monthly rent in Norway, IA is $1,063.
What is the unemployment rate in Norway?
The unemployment rate in Norway, IA is 1.0%.