23503 Norfolk, VA is a great place to live with an affordable rent for 2 bedroom apartments. The average cost of a two bedroom rental in this area is $1,290 which is less than the US average of $1,430. The grocery cost index in this area is 97 versus the 100 for the US. This means groceries are slightly cheaper here compared to elsewhere around the country. There are plenty of local companies and attractions in 23503 Norfolk, VA such as Navy Exchange, Norfolk Botanical Garden, and Virginia Beach Town Center. The area also features popular services such as Cloud 9 Spa & Boutique and Prime Time Entertainment Center. With its great location and affordable living costs, 23503 Norfolk, VA is an ideal place to call home.
Norfolk (zip 23503) has an unemployment rate of 7.3%. The US average is 6.0%.
Norfolk (zip 23503) has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 31.2%, which is lower than the US average of 33.5%.
Tax Rates for Norfolk (zip 23503)
- The Sales Tax Rate for Norfolk (zip 23503) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Norfolk (zip 23503) is 5.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Norfolk (zip 23503)
- The average income of a Norfolk (zip 23503) resident is $25,187 a year. The US average is $28,555 a year.
- The Median household income of a Norfolk (zip 23503) resident is $56,433 a year. The US average is $69,021 a year.