Norwich-New London, CT Metro Area is a vibrant community that offers its residents many amenities. The city has a 2 bedroom rent of $1,460 which is slightly higher than the national average of $1,430. It also has a Grocery Cost Index of 106 versus 100 in the US, indicating that food cost slightly more in this area.
The Norwich-New London Metro Area is full of activities and local businesses for residents to enjoy. Local companies include Mohegan Sun Casino, Electric Boat Corporation, Pfizer Pharmaceuticals, and Foxwoods Resort Casino. There are also plenty of cultural attractions like The Mashantucket Pequot Museum & Research Center and the Mystic Seaport Museum. This metro area provides something for everyone!
Norwich-New London Metro Area has an unemployment rate of 9.3%. The US average is 6.0%.
Norwich-New London Metro Area has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 30.9%, which is lower than the US average of 33.5%.
Tax Rates for Norwich-New London Metro Area
- The Sales Tax Rate for Norwich-New London Metro Area is 6.4%. The US average is 7.3%.
- The Income Tax Rate for Norwich-New London Metro Area is 5.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Norwich-New London Metro Area
- The average income of a Norwich-New London Metro Area resident is $34,241 a year. The US average is $28,555 a year.
- The Median household income of a Norwich-New London Metro Area resident is $79,040 a year. The US average is $69,021 a year.