Norway, IN is a small town located in the state of Indiana. With a population of approximately 1,000 people, the city offers an affordable and peaceful lifestyle for those looking to relocate. Some of the local companies in Norway, IN include Ostrom Painting & Drywall Inc., Hahn's Lumber Company, and MCM Construction LLC. The average 2 bedroom rent cost in Norway, IN is $880 compared to $1,430 across the US. In addition to low rent costs, groceries are also relatively inexpensive with a grocery cost index of 94 compared to 100 in the US.
Norway has an unemployment rate of 3.4%. The US average is 6.0%.
Norway has seen the job market increase by 2.3% over the last year. Future job growth over the next ten years is predicted to be 24.8%, which is lower than the US average of 33.5%.
Tax Rates for Norway
- The Sales Tax Rate for Norway is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Norway is 4.6%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Norway
- The average income of a Norway resident is $21,857 a year. The US average is $28,555 a year.
- The Median household income of a Norway resident is $46,607 a year. The US average is $69,021 a year.