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Norway, Iowa

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
546
Population
$76,667
Median Income
$158,400
Home Value
43.5
Median Age

Demographics

Norway has a population of 546 with a median age of 43.5. Here is the racial and ethnic breakdown of the population:

White
97.3%
Other
2.7%
Demographic Value
Total Population546
Median Age43.5
White97.3%
Other / Two or More Races2.7%
Norway, Iowa — racial composition (Census ACS 2024)Donut chart of 2 segments totaling 100.White: 97.3%Other: 2.7%546PopulationWhiteWhite97.3%OtherOther2.7%

Income & Economy

The median household income in Norway is $76,667, which is 4.9% below the national median of $80,610. The per capita income is $38,794. The poverty rate is 7.9%.

$76,667
Median Household Income
$38,794
Per Capita Income
7.9%
Poverty Rate

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Education

In Norway, 96.6% of residents age 25+ have a high school diploma or higher, and 19.7% hold a bachelor's degree or higher.

HS Diploma+
96.6%
Bachelor's+
19.7%
Education Level % of Adults (25+)
High School Diploma or Higher96.6%
Bachelor's Degree or Higher19.7%

Housing

The median home value in Norway is $158,400, below the national median of $303,400. The median monthly rent is $1,073. The homeownership rate is 92.5%.

$158,400
Median Home Value
$1,073/mo
Median Rent
92.5%
Homeownership Rate
Housing Metric Value
Median Home Value$158,400
Median Monthly Rent$1,073
Homeownership Rate92.5%
Vacancy Rate5.8%

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Frequently Asked Questions

What is the population of Norway, Iowa?
The population of Norway, Iowa is 546 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Norway, Iowa?
The median household income in Norway, Iowa is $76,667. This is 4.9% below the national median of $80,610.
What is the median home value in Norway, Iowa?
The median home value in Norway, Iowa is $158,400. The median monthly rent is $1,073.
What percentage of people in Norway have a college degree?
In Norway, Iowa, 19.7% of adults age 25 and older hold a bachelor's degree or higher, and 96.6% have a high school diploma or higher.
Is Norway, Iowa an affordable place to live?
The home price-to-income ratio in Norway, Iowa is 2.1x (median home value $158,400 vs. median income $76,667), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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