Norwalk, OH is a great place to live and work. The cost of living is lower than the national average, making it an attractive option for those looking for an affordable place to set up home. The median rent for a two-bedroom apartment in Norwalk is $800, compared to the national median rent of $1,430. Additionally, groceries in Norwalk are slightly cheaper than the US average according to the Grocery Cost Index. Norwalk is home to some notable companies such as Davey Tree Expert Company and Dico Inc., both well known in their respective industries. The city has plenty of restaurants, shopping centers and attractions to explore. With its lush green spaces and rich history, Norwalk offers something unique that draws people from all over the country.
Norwalk has an unemployment rate of 6.1%. 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 24.2%, which is lower than the US average of 33.5%.
Tax Rates for Norwalk
- The Sales Tax Rate for Norwalk is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Norwalk is 5.0%. 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 $22,415 a year. The US average is $28,555 a year.
- The Median household income of a Norwalk resident is $53,649 a year. The US average is $69,021 a year.