Norwalk, IA is a small city located in Warren County with a population of 8,945 people. The cost of living in Norwalk is incredibly affordable; the average rent for a two bedroom apartment is $1,040 compared to $1,430 in the US. Groceries are even cheaper at 99 index points compared to 100 for the nation. A variety of companies call Norwalk home including MidAmerican Energy Company and Skeffington's Formal Wear. Overall, Norwalk’s low cost of living makes it an attractive option for those who want to live near Des Moines without having to pay higher prices.
Norwalk has an unemployment rate of 4.0%. The US average is 6.0%.
Norwalk has seen the job market increase by 2.7% over the last year. Future job growth over the next ten years is predicted to be 37.7%, which is higher than the US average of 33.5%.
Tax Rates for Norwalk
- The Sales Tax Rate for Norwalk is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Norwalk is 9.0%. 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 $31,952 a year. The US average is $28,555 a year.
- The Median household income of a Norwalk resident is $91,610 a year. The US average is $69,021 a year.