Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 52.0 yrs |
|---|---|
| Avg HH Size | 2.47 |
| Below Poverty | 0.8% ▼ 92% below avg |
| College Grads | 44.7% ▲ 15% above avg |
| Unemployment | 2.9% ▼ 41% below avg |
| HS Graduate | 269 (33.8%) |
| Some College | 105 (13.2%) |
| Associates | 66 (8.3%) |
| Bachelors | 157 (19.7%) |
| Graduate Degree | 198 (24.9%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $100,000 ▲ 31% above avg |
|---|---|
| Median Home Value | $186,900 ▼ 33% below avg |
| Home/Income Ratio | 1.9x (nat avg ~3.5x) |
| Median Rent | $1,105/mo |
| Total Housing Units | 461 |
| Vacant Units | 35 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Norway is a city in Iowa, located in Benton County. The city spans 1 ZIP code and is home to approximately 1,054 residents. It is a mature city, with a median age of 52 years.
Economically, Norway is a middle-income community. The median household income of $100,000 is above the national average. Approximately 0.8% of residents live below the poverty line. The unemployment rate is 2.9%, below the national average.
The real estate market in Norway is an affordable housing market. Median home values stand at $186,900, which is below the national average. Renters typically pay around $1,105 per month. Homeownership is high at 84.5%, typical of suburban and family-oriented communities.
The population of Norway is well-educated. 44.7% of adults hold a bachelor's degree or higher — above the national average. The community is primarily White (98.48%).
Norway, IA offers residents above-average earning potential within Iowa.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 52318 | 1,054 | $100,000 | $186,900 | $1,105 | 2.9% | 44.7% | 84.5% |