The 1. divisjon 1992 was the total of 30th season of the second highest Norwegian football league and the second under the name 1. divisjon . It began on April 26, 1992 and ended on October 4, 1992.
The 24 teams were divided into two groups of 12 teams each. They played against each other twice on 22 match days, divided into a first round and a second half. The two group winners were promoted directly to the 1st division. The two runners determined with the 10th of Tippeligaen another starting position for the Tippeligaen. The last three clubs were relegated to the 3rd divisjon.