Norco, LA Economy


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Norco, Louisiana is a quiet suburban community located just outside of New Orleans. This small town is home to a variety of local businesses and organizations that contribute to the area's unique culture. Some notable companies include Norco Manufacturing Company, which has been producing reliable tools since 1933; Kinder Morgan, one of the largest energy companies in North America; and Fisher's Grocery Store, a family-owned business serving up fresh produce for over 60 years.
In addition to its thriving commercial sector, Norco also offers plenty of cultural attractions. The town hosts annual events like their Christmas Festival and Fourth of July fireworks extravaganza, as well as regular art shows at Mississippi River State Park. Sports fans can enjoy watching baseball games at Chenal Baseball Field or take a dip in one of the city's many public swimming pools. With its affordable 2 bedroom rent at $1,160 compared to the US average at $1,430 and its grocery cost index being 96 compared to an index of 100 in the US, it's easy to see why Norco remains such a popular destination for families looking for a peaceful place to call home.

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

Norco 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 25.2%, which is lower than the US average of 33.5%.

Tax Rates for Norco
- The Sales Tax Rate for Norco is 9.5%. The US average is 7.3%.
- The Income Tax Rate for Norco is 6.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Norco
- The average income of a Norco resident is $25,403 a year. The US average is $28,555 a year.
- The Median household income of a Norco resident is $66,184 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyNorco, LouisianaUnited States
  66
  -7.3%-6.2%
  25.2%33.5%
  9.5%6.2%
  6.0%4.6%
  $41,990$37,638
  $66,184$69,021
  $67,325$85,028
  Population by Occupation
  0.2%1.2%
  0.0%0.5%
  11.8%6.8%
  13.4%10.0%
  3.9%2.5%
  8.2%11.0%
  5.8%4.8%
  5.1%0.8%
  1.0%1.9%
  4.3%4.7%
  0.0%1.9%
  8.4%7.6%
  0.4%0.1%
  2.2%4.2%
  9.1%9.3%
  12.0%14.0%
  0.6%2.1%
  3.9%7.0%
  4.0%4.8%
  5.9%4.7%
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