Cost of Living in Norway, IA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
119.0
100 = national avg
+19.0 vs national average
Living Wage (1 Adult)
$52,345
per year
Living Wage (Family of 4)
$123,725
per year
Cost Index by Category
Housing103.8
Food119.7
Transportation139.5
Healthcare115.8
Utilities112.6
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$729
per month
2 Bedroom
$956
per month
The overall cost of living index in Norway is 119.0, which is 19.0% above the national average. Housing costs are above the national average at an index of 103.8. A single adult needs to earn approximately $52,345 per year to cover basic expenses.