Norwich, OH is an attractive residential area with a variety of local businesses and a reasonable rental price for two bedroom units. At $740 per month, it is significantly lower than the US average of $1,430 for the same accommodation. \nLocal businesses in Norwich include Dunn Hospitality Group, Signarama, and The Ink Spot. Dunn Hospitality Group provides services like catering and venue management while Signarama offers custom signs and branding solutions. The Ink Spot offers silk-screening services for apparel printing. \nGrocery Cost Index measures the cost of groceries relative to other cities or states. In Norwich, OH the index is 97 versus 100 in the US which indicates that groceries are cheaper than average compared to other parts of the country.
Norwich has an unemployment rate of 5.1%. The US average is 6.0%.
Norwich has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 28.5%, which is lower than the US average of 33.5%.
Tax Rates for Norwich
- The Sales Tax Rate for Norwich is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Norwich is 3.5%. 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 $23,072 a year. The US average is $28,555 a year.
- The Median household income of a Norwich resident is $57,031 a year. The US average is $69,021 a year.