North Norwich, NY Economy


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United States / New York / No Metro Area / Chenango County / North Norwich / Zip Codes
North Norwich, NY is a great place to live and work. The average rent for a two bedroom apartment in North Norwich is $840 which is significantly lower than the US average of $1,430. In addition, the cost of groceries in North Norwich is 97 compared to 100 in the US. This makes living in North Norwich more affordable than many other cities.
North Norwich has plenty to offer for those who live and work there. There are several popular restaurants, such as Boulevard Diner and La Taqueria, as well as numerous local shops. For outdoor activities, residents can enjoy visiting Outlook Park or hiking at Stewart State Forest. There are also multiple museums nearby, including the Chenango County Historical Society Museum and the Chenango Valley State Park Museum. Additionally, there are many local businesses located around town such as Valley Veterinary Clinic and North Norwich Lumber Co., providing plenty of job opportunities for residents of North Norwich.

North Norwich has an unemployment rate of 6.3%. The US average is 6.0%.

North Norwich has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 18.9%, which is lower than the US average of 33.5%.

Tax Rates for North Norwich
- The Sales Tax Rate for North Norwich is 8.0%. The US average is 7.3%.
- The Income Tax Rate for North Norwich is 6.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for North Norwich
- The average income of a North Norwich resident is $25,194 a year. The US average is $28,555 a year.
- The Median household income of a North Norwich resident is $58,594 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyNorth Norwich, New YorkUnited States
  6.36
  -3.1%-6.2%
  18.9%33.5%
  4.0%6.2%
  6.2%4.6%
  $31,144$37,638
  $58,594$69,021
  $74,250$85,028
  Population by Occupation
  4.6%1.2%
  0.0%0.5%
  9.1%6.8%
  15.5%10.0%
  3.0%2.5%
  5.5%11.0%
  2.6%4.8%
  0.5%0.8%
  1.7%1.9%
  9.7%4.7%
  1.1%1.9%
  5.4%7.6%
  0.0%0.1%
  3.0%4.2%
  8.4%9.3%
  15.0%14.0%
  1.6%2.1%
  5.9%7.0%
  3.7%4.8%
  3.7%4.7%
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