Norway, NY is a small town located in Herkimer County with a population of about 500 people. Norway is known for its close proximity to outdoor attractions including the Adirondack Park and Old Forge. For those looking to move to Norway, the cost of living there is relatively low. The average 2 bedroom rental will cost only $870 compared to the US average of $1,430. Grocery costs are also lower than the national average at 98 versus 100 in the US. Local companies include factories such as TUFFY Manufacturing which produces plastic containers, packaging, and other products. There are also local restaurants like Pines Eatery & Tavern which serves burgers and other American cuisine along with craft beers on tap from local breweries.
Norway has an unemployment rate of 8.3%. The US average is 6.0%.
Norway has seen the job market decrease by -4.8% over the last year. Future job growth over the next ten years is predicted to be 21.0%, which is lower than the US average of 33.5%.
Tax Rates for Norway
- The Sales Tax Rate for Norway is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Norway 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 Norway
- The average income of a Norway resident is $30,651 a year. The US average is $37,638 a year.
- The Median household income of a Norway resident is $67,500 a year. The US average is $69,021 a year.