Housing costs in Norwich?
A typical home costs
$216,500, which is 36.0% less expensive than the national average of
$338,100 and 40.2% less expensive than the average Connecticut home, at
$362,100. Renting a two-bedroom unit in Norwich costs
$1,120 per month, which is 32.5% cheaper than the national average of
$1,660 and 30.4% cheaper than the state average of
$1,460.
Can I afford Norwich?
To live comfortably in Norwich (zip 06380), Connecticut, a minimum annual income of
$41,400 for a family, and
$36,000 for a single person is recommended.
What does A.I. say about Norwich?
The cost of living in 06380 Norwich, CT is slightly above the national average. The median home value in Norwich is $146,600 which is slightly more than the national median of $145,300. The median gross rent in Norwich is $945 which is higher than the national median of $949. Norwich has a sales tax rate of 6.35% and an income tax rate of 6.7%. The overall cost of living index for Norwich is 109.5, which means it's about 10% higher than the national average. This can include higher prices for groceries, housing, and utilities.