Average house price to gross wage nationwide reached 6.39 years in 2013 in Norway, according to the National Statistical Office. This is 1.03 % more than in the previous year.
Historically, average house price to gross wage nationwide in Norway reached an all time high of 6.39 years in 2013 and an all time low of 2.61 years in 1976.
Norway has been ranked 2nd within the group of 3 countries we follow in terms of average house price to gross wage nationwide, 17 places above the position seen 10 years ago.
The price-to-income ratio is the basic affordability measure for housing in a given area.