Norwich, VT is a great city to live in for its numerous amenities and low cost of living. The average rent for a two bedroom apartment is only $1,800, which is significantly lower than the national average of $1,430. In addition, the grocery cost index in Norwich is 14 points above the national average of 100. This means that food costs are still quite reasonable compared to other cities.
Norwich also offers many local businesses and services. For example, there are several health care facilities such as Dartmouth-Hitchcock Medical Center and Alice Peck Day Memorial Hospital. There is also plenty of shopping at stores like Norwich Marketplace and various specialty shops like The Vermont Butcher Shop and Sugarbush Farm Woolen Mill & Store. Finally, outdoor enthusiasts will find plenty to explore with hiking trails along the Connecticut River Valley or on nearby Kingdom Trails.
With its low cost of living, numerous amenities and local businesses, Norwich is an excellent place to live for anyone looking for a peaceful yet affordable home with plenty of things to do right outside their door.
Norwich has an unemployment rate of 1.5%. The US average is 6.0%.
Norwich has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 28.6%, which is lower than the US average of 33.5%.
Tax Rates for Norwich
- The Sales Tax Rate for Norwich is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Norwich is 6.8%. 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 $50,375 a year. The US average is $28,555 a year.
- The Median household income of a Norwich resident is $121,509 a year. The US average is $69,021 a year.