Norway, IA

Full City Profile · Iowa · Johnson County County

4.1 /5.0
A Great
490 Population 1,114/sq mi density
$91,250 Median Income $43,297 per capita
$155,400 Home Value $279,742 Zillow
$1,063 Median Rent 11.3% income on rent
48°F Avg Temperature
A
Overall
4.1 / 5.0
Strong
A+
Economy
4.8 / 5.0
$91,250 median income, 1.0% unemployment
A+
Affordability
5.0 / 5.0
$155,400 home value, $1,063/mo rent
C
Education
2.4 / 5.0
17.9% bachelor's degree or higher

Norway, IA

At a Glance

Median Income
$91,250
21% above
$43,297 per capita
Home Value
$155,400
45% below
Zillow: $279,742
Median Rent
$1,063/mo
9% below
11.3% of income on rent
Bachelor's Degree+
17.9%
47% below
98.1% high school+
Unemployment
1.0%
72% below
0.0% poverty rate
Obesity Rate
38.7%
21% above
13.4% smoking rate
Avg Temperature
48°F

How Norway Compares to the U.S. Average

Each bar shows Norway's value as a percentage of the national average (100% = U.S. avg)

Income
121%
Home Value
55%
Rent
91%
Poverty
0%
Bachelor's
53%
Unemployment
28%
Thin vertical line = U.S. national average (100%)

Is Norway a Good Place to Live?

A
4.1 / 5.0 - Great
Based on economy, affordability, safety, and education metrics compared to national averages.

Economy & Jobs

Norway residents earn a median household income of $91,250 , which is 21% above the national average of $75,149. Per capita income is $43,297. The unemployment rate stands at 1.0% (72% below the U.S. rate of 3.6%). 0.0% of residents live below the poverty line. The area is home to 5,140 business establishments, including 448 restaurants.

Housing & Cost of Living

The median home value in Norway is $155,400 , 45% below the national median of $281,900. Zillow estimates the typical home at $279,742. Median rent is $1,063/month, with 11.3% of renters spending more than 30% of income on housing. The cost of living index is 87.8 (100 = national average). The median home was built in 1962.

Education

17.9% of adults in Norway hold a bachelor's degree or higher (47% below the national average). 98.1% have completed high school. Local schools score 6.2/10 in standardized testing.

Climate & Weather

Norway has an average annual temperature of 48°F (9°C). Winters average 20°F in January while summers reach 73°F in July. Annual precipitation totals 35.9 inches. Air quality is rated Good with a median AQI of 39.

Data Overview

People

Population490
Median Age47.2 yrs
Density1,114/mi²
Male / Female55% / 46%
Foreign Born0.0%
Veterans6.8%

Economy

A+
Median Income$91,250
Per Capita$43,297
Unemployment1.0%
Poverty0.0%
County GDP$12,640M
Avg Weekly Wage$1,238

Housing

A+
Home Value$155,400
Rent$1,063
Ownership96.1%
Zillow$279,742
Housing Units239
Rent Burden11.3%

Health

Obesity38.7%
Diabetes7.9%
Smoking13.4%
Heart Disease4.8%
Premature Death4,821/100K

Climate

Avg Temp48°F
Rain35.9 in/yr
AQI39 (Good)
Elevation800 ft

Education

C
Bachelor's+17.9%
High School+98.1%
Graduate+0.3%
School Score6.2/10

Community

2024 VoteR 30% / D 68%
Commute21 min
Broadband88.3%
Internet Speed108 Mbps
EV Stations2
Libraries8

Did You Know?

Norway was founded in 1863.
The median home in Norway was built in 1962.
The nearest airport is The Eastern Iowa (11 miles).
The Gini coefficient (income inequality) is 0.495 (U.S. avg: 0.490).
Natural hazard risk is rated "Relatively Moderate" by FEMA.
5.7% of the population has a disability.
Average internet download speed is 108 Mbps.
There are 448 restaurants in the area.
The county recorded 5 fatal vehicle crashes.