Norwalk, CT Economy

Norwalk, CT is a vibrant city with many businesses located in the area. Popular companies include GE, Xerox, and PepsiCo. The cost of living in Norwalk is slightly higher than the US average as 2 bedroom rent is $2,340 compared to the US average of $1,430. Additionally, the Grocery Cost Index in Norwalk is 106 compared to 100 in the US which further shows how Norwalk has a higher cost of living than the rest of the country. Despite its slightly higher prices, Norwalk remains an attractive city for its diverse range of businesses and activities available for residents.

Norwalk has an unemployment rate of 8.5%. The US average is 6.0%.

Norwalk has seen the job market decrease by -0.3% over the last year. Future job growth over the next ten years is predicted to be 27.7%, which is lower than the US average of 33.5%.

Tax Rates for Norwalk
- The Sales Tax Rate for Norwalk is 6.4%. The US average is 7.3%.
- The Income Tax Rate for Norwalk is 5.5%. 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 $43,778 a year. The US average is $28,555 a year.
- The Median household income of a Norwalk resident is $91,434 a year. The US average is $69,021 a year.

Income by Population Percent

Economy	Norwalk, Connecticut	United States
	8.5	6
	-7.5%	-6.2%
	27.7%	33.5%
	6.4%	6.2%
	5.0%	4.6%
	$54,821	$37,638
	$91,434	$69,021
	$106,593	$85,028
Population by Occupation
	0.2%	1.2%
	0.0%	0.5%
	8.6%	6.8%
	6.0%	10.0%
	3.4%	2.5%
	10.8%	11.0%
	2.9%	4.8%
	0.2%	0.8%
	2.6%	1.9%
	7.7%	4.7%
	2.4%	1.9%
	10.2%	7.6%
	0.3%	0.1%
	6.0%	4.2%
	8.2%	9.3%
	12.8%	14.0%
	2.8%	2.1%
	7.3%	7.0%
	5.3%	4.8%
	2.2%	4.7%