Norfolk, MA is a small town located in the southern part of Massachusetts. It is home to many local businesses that make the area unique and vibrant. A few of these include The Norfolk Grocery Co., an independent grocery store with competitive prices; Norwood Corner Antiques, offering vintage items; and Norfolk Brewing Company, selling local craft beer. Rent for a two-bedroom apartment in Norfolk averages $2,220 which is slightly higher than the national average of $1,430. In addition, groceries are about 11% more expensive here based on the Grocery Cost Index. Ultimately, Norfolk offers great opportunities for those looking for a quaint atmosphere and access to plenty of unique amenities.
Norfolk has an unemployment rate of 4.8%. The US average is 6.0%.
Norfolk has seen the job market increase by 4.3% over the last year. Future job growth over the next ten years is predicted to be 37.5%, which is higher than the US average of 33.5%.
Tax Rates for Norfolk
- The Sales Tax Rate for Norfolk is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Norfolk is 5.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Norfolk
- The average income of a Norfolk resident is $43,701 a year. The US average is $28,555 a year.
- The Median household income of a Norfolk resident is $168,281 a year. The US average is $69,021 a year.