Norwich, NY Cost Of Living
Cost Of Living In Norwich, NY Summary
Cost of living in Norwich research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Norwich is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in New York, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Norwich is 88, with 100 being the average.
The cost of living index in Norwich is 0.9x lower than the national average.
Norwich ranks as the #21 cheapest in New York out of 340.
Norwich ranks as the #1,278 cheapest out of 6,412 in the US.
The median home value in Norwich is $100,500.
The median income in Norwich is $41,554.
Table Of Contents
Norwich's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Norwich, NY?
According to the most recent data on the cost of living, Norwich has an overall cost of living index of 88, which is 0.9x lower than the national index of 100.
Compared to New York, Norwich has a cost of living index that's 0.7x lower than New York's index of 126.
The standard of living in Norwich ranks as #21 most affordable out of the 340 places we measured in New York. By definition, that implies Norwich ranks as the #319 most expensive place in the Empire State.
For more reading on life in Norwich, check out:
- Living In Norwich
- Norwich Crime Report
- Search Homes For Sale In Norwich, NY
In New York
In America
Norwich Cost Of Living Vs. New York
Six factors go into calculating the cost of living index in Norwich. Here is how it fairs on each of the criteria:
The Services index in Norwich is 107.
The Groceries index in Norwich is 100.
The Health index in Norwich is 103.
The Housing index in Norwich is 55.
The Transportation index in Norwich is 90.
The Utilities index in Norwich is 101.
| Living Expense | Norwich | New York | National Average | |
|---|---|---|---|---|
| Overall | 88 | 126 | 100 | |
| Services | 107 | 110 | 100 | |
| Groceries | 100 | 104 | 100 | |
| Health | 103 | 105 | 100 | |
| Housing | 55 | 175 | 100 | |
| Transportation | 90 | 107 | 100 | |
| Utilities | 101 | 102 | 100 | |
Norwich, NY Housing Cost Breakdown
Housing swings affordability the most between places in New York, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Norwich is $100,500.
The Median Rent in Norwich is $747.
The Median Income in Norwich is $41,554.
The Home Value To Income in Norwich is 2.4x.
The Rent To Monthly Income in Norwich is 0.22x.
| Statistic | Norwich | New York | United States |
|---|---|---|---|
| Median Home Value | $100,500 | $340,600 | $244,900 |
| Median Rent | $747 | $1,390 | $1,163 |
| Median Income | $41,554 | $75,157 | $69,021 |
| Home Value To Income | 2.4x | 4.5x | 3.5x |
| Rent To Monthly Income | 0.22x | 0.22x | 0.2x |
Median Home Value
Median Rent
Median Income
Norwich, NY Costs By Category
Detailed Norwich Services Costs Vs. New York
Detailed Norwich Groceries Costs Vs. New York
Detailed Norwich Health Costs Vs. New York
Detailed Norwich Transportation Costs Vs. New York
Detailed Norwich Utilities Costs Vs. New York
Norwich SnackAbility
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Cost Of Living In Cities Around Norwich
The cost of living varies in the cities and towns around Norwich. Here's a quick look at the cost of living in the most populous nearby places:
Syracuse, NY has a cost of living index of 86, 1.0x Norwich.
Cortland, NY has a cost of living index of 89, 1.0x Norwich.
Endicott, NY has a cost of living index of 92, 1.0x Norwich.
| City | Population | Cost Of Living | Vs. Norwich |
|---|---|---|---|
| Syracuse, NY | 146,781 | 86 | 1.0x |
| Cortland, NY | 17,577 | 89 | 1.0x |
| Endicott, NY | 13,588 | 92 | 1.0x |
| Oneonta, NY | 12,764 | 96 | 1.1x |
| Endwell, NY | 11,795 | 95 | 1.1x |
| Mattydale, NY | 6,250 | 91 | 1.0x |
