Housing costs in Norwich?
A typical home costs
$205,500, which is 39.2% less expensive than the national average of
$338,100 and 4.3% more expensive than the average Ohio home, at
$197,000. Renting a two-bedroom unit in Norwich costs
$740 per month, which is 48.3% cheaper than the national average of
$1,430 and 32.4% cheaper than the state average of
$980.
Can I afford Norwich?
To live comfortably in Norwich, Ohio, a minimum annual income of
$39,240 for a family, and
$22,800 for a single person is recommended.
What does A.I. say about Norwich?
The cost of living in Norwich, OH is fairly low compared to other parts of the country. According to the US Bureau of Economic Analysis, the cost of living index for Norwich, OH is 91.8 which is 9.2% lower than the average of 100. Housing costs in particular are quite affordable with median home values coming in at about $82,000 and median rent prices around $710 per month. The cost of utilities such as electricity and water also remain relatively low compared to other areas. Overall, Norwich, OH is an affordable place to live with a reasonable cost of living for its residents.