Housing costs in Norwich?
A typical home costs
$215,000, which is 36.4% less expensive than the national average of
$338,100 and 40.6% less expensive than the average Connecticut home, at
$362,100. Renting a two-bedroom unit in Norwich costs
$1,310 per month, which is 8.4% cheaper than the national average of
$1,430 and 26.7% cheaper than the state average of
$1,660.
Can I afford Norwich?
To live comfortably in Norwich, Connecticut, a minimum annual income of
$41,040 for a family, and
$42,400 for a single person is recommended.
What does A.I. say about Norwich?
Norwich, CT is a great place to live if you are looking for affordability. The cost of living in Norwich is quite reasonable, with housing being the biggest expense. The median home value in Norwich is around $151,000, which is lower than nearby Connecticut cities such as Hartford and New Haven. Other expenses like groceries and utilities are also relatively inexpensive when compared to other places in the state. Overall, Norwich offers a low cost of living which can be attractive to those who want to stretch their income and save more money.