Norwich township (Newaygo County), MI Economy


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United States / Michigan / No Metro Area / Newaygo County / Norwich township (Newaygo County) / Zip Codes
Norwich Township (Newaygo County), Michigan is a great place to live for anyone who wants to enjoy the beauty of nature while still having easy access to services and amenities. The area offers beautiful lakes, forests, and outdoor recreation opportunities including hiking, camping, fishing and more. Norwich Township also has many local businesses that provide goods and services ranging from restaurants and supermarkets to clothing stores, auto repair shops and more. In addition, rent for a two-bedroom apartment in Norwich Township is around $860 compared to the US average of $1,430 while the Grocery Cost Index in Norwich Township is 93 versus the national average of 100. All these factors make Norwich Township an attractive residential option for those who are looking for quality living at an affordable rate.

Norwich township (Newaygo County) has an unemployment rate of 6.0%. The US average is 6.0%.

Norwich township (Newaygo County) has seen the job market decrease by -5.1% over the last year. Future job growth over the next ten years is predicted to be 29.7%, which is lower than the US average of 33.5%.

Tax Rates for Norwich township (Newaygo County)
- The Sales Tax Rate for Norwich township (Newaygo County) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Norwich township (Newaygo County) is 4.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Norwich township (Newaygo County)
- The average income of a Norwich township (Newaygo County) resident is $38,235 a year. The US average is $37,638 a year.
- The Median household income of a Norwich township (Newaygo County) resident is $76,250 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyNorwich township (Newaygo County), MichiganUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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