Norwich, KS is a great place to live with an affordable 2 bedroom rent of $800 compared to the US rate of $1,430. The cost of living in Norwich is also lower with a Grocery Cost Index of 91 compared to 100 in the US. This makes it a great place for families and individuals looking for a more affordable living option.
Norwich has several local companies that contribute positively to the community. For example, Frontier Coop helps support organic farmers by providing locally sourced ingredients used for food production. They are committed to giving back to their customers and communities through their Community Involvement Program which includes donations and grants that benefit local organizations. Additionally, Farmers Bank & Trust Company provides financial services including loans, investments, and banking accounts to help people achieve their short-term and long-term financial goals. Finally, Norwich Manufacturing is a family owned business dedicated to making quality products for the automotive industry. They strive to ensure that all employees have a safe work environment while creating innovative solutions that meet customer needs.
These local companies provide employment opportunities for Norwich residents while fostering economic growth in the region. They also contribute significantly to the wellbeing of their communities through donations and investments in educational programs and other community initiatives.
Norwich has an unemployment rate of 3.8%. The US average is 6.0%.
Norwich has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 16.2%, which is lower than the US average of 33.5%.
Tax Rates for Norwich
- The Sales Tax Rate for Norwich is 9.0%. The US average is 7.3%.
- The Income Tax Rate for Norwich is 5.7%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Norwich
- The average income of a Norwich resident is $18,894 a year. The US average is $28,555 a year.
- The Median household income of a Norwich resident is $44,875 a year. The US average is $69,021 a year.