Economy in Norfolk, Massachusetts
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Economy
| Unemployment Rate | 7.30% | 9.10% |
| Recent Job Growth | -0.26% | -0.12% |
| Future Job Growth | 32.18% | 31.25% |
| Sales Taxes | 5.00% | 6.80% |
| Income Taxes | 5.30% | 6.25% |
| Income per Cap. | $40,354 | $27,067 |
| Household Income | $110,196 | $52,954 |
| ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME | | |
| Income Less Than 15K | 3.60% | 12.10% |
| Income between 15K and 25K | 2.10% | 10.18% |
| Income between 25K and 35K | 4.03% | 10.56% |
| Income between 35K and 50K | 4.45% | 14.98% |
| Income between 50K and 75K | 11.82% | 19.53% |
| Income between 75K and 100K | 17.43% | 12.52% |
| Income between 100K and 150K | 25.81% | 12.14% |
| Income between 150K and 250K | 12.87% | 3.91% |
| Income between 250K and 500K | 13.59% | 3.34% |
| Income greater than 500K | 4.29% | 0.75% |
| POPULATION BY OCCUPATION | | |
| Management, Business, and Financial Operations | 26.39% | 13.81% |
| Professional and Related Occupations | 29.38% | 22.68% |
| Service | 8.32% | 14.51% |
| Sales and Office | 24.73% | 25.22% |
| Farming, Fishing, and Forestry | 0.00% | 0.68% |
| Construction, Extraction, and Maintenance | 7.36% | 9.37% |
| Production, Transportation, and Material Moving | 7.26% | 15.86% |
The unemployment rate in Norfolk, MA, is 7.30%, with job growth of -0.26%. Future job growth over the next ten years is predicted to be 32.18%.
Norfolk, MA Taxes
Norfolk, MA,sales tax rate is 5.00%. Income tax is 5.30%.
Norfolk, MA Income and Salaries
The income per capita is $40,354, which includes all adults and children. The median household income is $110,196.
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