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Norway, Indiana

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
282
Population
$39,286
Median Income
$106,000
Home Value
50.8
Median Age

Demographics

Norway has a population of 282 with a median age of 50.8. Here is the racial and ethnic breakdown of the population:

White
81.2%
Hispanic
18.8%
Demographic Value
Total Population282
Median Age50.8
White81.2%
Hispanic or Latino18.8%
Norway, Indiana — racial composition (Census ACS 2024)Donut chart of 2 segments totaling 100.White: 81.2%Hispanic/Latino: 18.8%282PopulationWhiteWhite81.2%Hispanic/LatinoHispanic/Latino18.8%

Income & Economy

The median household income in Norway is $39,286, which is 51.3% below the national median of $80,610. The per capita income is $24,053. The poverty rate is 15.6%.

$39,286
Median Household Income
$24,053
Per Capita Income
15.6%
Poverty Rate

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Education

In Norway, 86.3% of residents age 25+ have a high school diploma or higher, and 7.5% hold a bachelor's degree or higher (2.7% with a graduate or professional degree).

HS Diploma+
86.3%
Bachelor's+
7.5%
Graduate+
2.7%
Education Level % of Adults (25+)
High School Diploma or Higher86.3%
Bachelor's Degree or Higher7.5%
Graduate or Professional Degree2.7%

Housing

The median home value in Norway is $106,000, below the national median of $303,400. The homeownership rate is 95.8%.

$106,000
Median Home Value
95.8%
Homeownership Rate
Housing Metric Value
Median Home Value$106,000
Homeownership Rate95.8%
Vacancy Rate30.4%

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Frequently Asked Questions

What is the population of Norway, Indiana?
The population of Norway, Indiana is 282 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Norway, Indiana?
The median household income in Norway, Indiana is $39,286. This is 51.3% below the national median of $80,610.
What is the median home value in Norway, Indiana?
The median home value in Norway, Indiana is $106,000.
What percentage of people in Norway have a college degree?
In Norway, Indiana, 7.5% of adults age 25 and older hold a bachelor's degree or higher, and 86.3% have a high school diploma or higher.
Is Norway, Indiana an affordable place to live?
The home price-to-income ratio in Norway, Indiana is 2.7x (median home value $106,000 vs. median income $39,286), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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