Norfolk, NE is a great place to live with plenty of job opportunities thanks to local companies such as Norfolk Iron & Metal, Johnson Mfg., and Pierce Plastics Inc. The cost of living in Norfolk is quite affordable. Rent for a two bedroom apartment is $610 compared to the US average of $1,430 – an almost 60% savings! Groceries are also comparatively cheap with a grocery cost index of 97 versus 100 in the US. All these factors make Norfolk an attractive place for people looking for good value when deciding where to live.
Norfolk has an unemployment rate of 3.2%. The US average is 6.0%.
Norfolk has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 27.6%, which is lower than the US average of 33.5%.
Tax Rates for Norfolk
- The Sales Tax Rate for Norfolk is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Norfolk is 6.8%. 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 $23,656 a year. The US average is $28,555 a year.
- The Median household income of a Norfolk resident is $52,021 a year. The US average is $69,021 a year.