58768 Norwich, ND is a small town located in Griggs County in the state of North Dakota. The cost of living is quite low with 2 bedroom rent being just $830 as compared to the national average of $1,430. Grocery Cost Index is also lower than the US index with just 101 versus 100 in the US.
The local economy consists primarily of family-owned farms and businesses like the B & D Grocery store, Norwest Bank, Cornerstone Bar & Grill and Eggers Implement for farming equipment sales and service. There are also some small specialty stores such as Campo's Quilt Shop and Copper Kettle Café which serve delicious home-cooked meals. In addition to this, there are professional services such as Olafson Financial Services, T&T Tax Service and Grundahl's Law Office which provide legal advice for clients in need.
Norwich (zip 58768) has an unemployment rate of 6.8%. The US average is 6.0%.
Norwich (zip 58768) has seen the job market decrease by -1.6% over the last year. Future job growth over the next ten years is predicted to be 19.1%, which is lower than the US average of 33.5%.
Tax Rates for Norwich (zip 58768)
- The Sales Tax Rate for Norwich (zip 58768) is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Norwich (zip 58768) is 2.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Norwich (zip 58768)
- The average income of a Norwich (zip 58768) resident is $40,843 a year. The US average is $37,638 a year.
- The Median household income of a Norwich (zip 58768) resident is $74,167 a year. The US average is $69,021 a year.