Zip 06380 (Norwich, CT) Economy


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Norwich, CT (06380) is an idyllic small city with many attractions. The 2 bedroom rent in Norwich is $1120, a more reasonable price than the US average of $1430. The cost of living in Norwich is also lower than the national average due to a Grocery Cost Index of 104 versus 100 in the US.
This quaint city has many local businesses and amenities to offer its residents. Notable employers include Backus Hospital, Otis Library, Marzilli's Produce Market, and Shetucket River Marketplace. Residents have several different options when it comes to entertainment such as Mohegan Sun Casino, Foxwoods Resort Casino, and Mystic Aquarium & Institute for Exploration. For families who want to spend time outdoors they can visit the nearby Town Park or Bluff Point State Park & Coastal Reserve for some rest and relaxation. All in all, Norwich makes for a great place to live with lots of job opportunities and plenty of things to do!

Norwich (zip 06380) has an unemployment rate of 11.8%. The US average is 6.0%.

Norwich (zip 06380) has seen the job market decrease by -10.5% over the last year. Future job growth over the next ten years is predicted to be 30.1%, which is lower than the US average of 33.5%.

Tax Rates for Norwich (zip 06380)
- The Sales Tax Rate for Norwich (zip 06380) is 6.4%. The US average is 7.3%.
- The Income Tax Rate for Norwich (zip 06380) 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 (zip 06380)
- The average income of a Norwich (zip 06380) resident is $29,773 a year. The US average is $37,638 a year.
- The Median household income of a Norwich (zip 06380) resident is $45,034 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyNorwich, ConnecticutUnited 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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