Norwich, CT

Below Avg · 82

Connecticut · Population 39,992 · Updated March 2026

$1,203
Median Rent / Month
$64,185
Median Income
$231,300
Median Home Value
$1,279
Owner Costs / Month

Affordability

How far your income goes in Norwich

22.5%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Connecticut

State-level tax rates that affect your costs

6.99%
Income Tax (Top Rate)
6.35%
Sales Tax
2.15%
Property Tax Rate

Estimated Annual Costs

$14,436
Annual Rent
$4,487
State Income Tax
$4,973
Property Tax (est.)

Cost of Living Overview

Norwich is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 82 (where 100 equals the national median), Norwich residents can expect to pay median rent of $1,203/month while earning a median household income of $64,185/year.

The median home value in Norwich, CT is $231,300, with typical monthly owner costs around $1,279 including mortgage, insurance, and taxes. The median rent-to-income ratio of 22.5% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Connecticut has a moderate income tax rate of 6.99%. Combined with a 6.35% sales tax rate and 2.15% effective property tax rate, the overall tax environment is a factor in the total cost of living in Norwich.

Frequently Asked Questions

Common questions about living costs in Norwich

What is the cost of living in Norwich, CT?
The cost of living index in Norwich, CT is 82 (US average = 100). Median monthly rent is $1,203, median household income is $64,185/year, and the median home value is $231,300.
Is Norwich, CT affordable?
Yes, Norwich is more affordable than the national average with a cost index of 82. The rent-to-income ratio is 22.5%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Norwich, CT?
The median gross rent in Norwich, CT is $1,203 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $14,436.
What is the median household income in Norwich?
The median household income in Norwich, CT is $64,185 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Connecticut?
Connecticut has a top income tax rate of 6.99%, a sales tax of 6.35%, and an effective property tax rate of 2.15%.