Norristown, PA is an attractive city to live in because of its relatively low rent prices and cost of living. The median 2 bedroom rent is $1,540 per month, which is lower than the US average of $1,430. Furthermore, the Grocery Cost Index in Norristown is 102 versus 100 for the US on average. It's a great place for families and individuals alike thanks to its wide range of companies and attractions. Shopping centers like Plymouth Meeting Mall and Montgomery Mall are popular spots for locals and visitors alike. Tourist favorites include Elmwood Park Zoo and Valley Forge National Historical Park. There are also many local companies such as Siemens AG, Deloitte Consulting LLP, and West Pharmaceutical Services that provide employment opportunities in the area.
Norristown has an unemployment rate of 9.0%. The US average is 6.0%.
Norristown has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 27.5%, which is lower than the US average of 33.5%.
Tax Rates for Norristown
- The Sales Tax Rate for Norristown is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Norristown is 5.2%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Norristown
- The average income of a Norristown resident is $21,369 a year. The US average is $28,555 a year.
- The Median household income of a Norristown resident is $55,354 a year. The US average is $69,021 a year.