Norwalk, CA Economy

Norwalk, California is an attractive place to live due to its affordability. The typical two bedroom rent in Norwalk is $2,190 per month, nearly $700 less than the US average of $1,430. Grocery costs are also slightly lower than the national average. Norwalk is home to numerous companies and organizations such as Pactiv Corporation, Skyworks Solutions Inc., and the Los Angeles County Metropolitan Transportation Authority. It has become a regional hub for many industries including retail and technology and offers residents a variety of job opportunities.

Norwalk has an unemployment rate of 12.1%. The US average is 6.0%.

Norwalk has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 32.5%, which is lower than the US average of 33.5%.

Tax Rates for Norwalk
- The Sales Tax Rate for Norwalk is 9.5%. The US average is 7.3%.
- The Income Tax Rate for Norwalk is 9.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Norwalk
- The average income of a Norwalk resident is $19,584 a year. The US average is $28,555 a year.
- The Median household income of a Norwalk resident is $83,217 a year. The US average is $69,021 a year.

Income by Population Percent

Economy	Norwalk, California	United States
	12.1	6
	-12.2%	-6.2%
	32.5%	33.5%
	9.5%	6.2%
	8.0%	4.6%
	$26,756	$37,638
	$83,217	$69,021
	$87,888	$85,028
Population by Occupation
	0.4%	1.2%
	0.1%	0.5%
	5.8%	6.8%
	11.3%	10.0%
	4.6%	2.5%
	12.2%	11.0%
	8.3%	4.8%
	0.4%	0.8%
	1.8%	1.9%
	3.8%	4.7%
	1.3%	1.9%
	4.9%	7.6%
	0.1%	0.1%
	3.9%	4.2%
	7.4%	9.3%
	15.1%	14.0%
	2.2%	2.1%
	7.3%	7.0%
	5.1%	4.8%
	4.1%	4.7%