Norfolk, NE Metro Area is a great place to live with affordable housing and low grocery prices. The 2 bedroom rent in the area is $900, which is much lower than the US average of $1,430. Additionally, the Grocery Cost Index is 95 versus 100 in the US which makes it more economical to shop locally. Norfolk hosts many notable businesses such as Norfolk Iron & Metal Company, Tyson Fresh Meats Inc., and Gavilon Grain LLC. These companies provide employment opportunities for local residents and contribute to the economy of the metro area.
Norfolk Metro Area has an unemployment rate of 3.1%. The US average is 6.0%.
Norfolk Metro Area has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 26.0%, which is lower than the US average of 33.5%.
Tax Rates for Norfolk Metro Area
- The Sales Tax Rate for Norfolk Metro Area is 7.1%. The US average is 7.3%.
- The Income Tax Rate for Norfolk Metro Area 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 Metro Area
- The average income of a Norfolk Metro Area resident is $25,806 a year. The US average is $28,555 a year.
- The Median household income of a Norfolk Metro Area resident is $57,808 a year. The US average is $69,021 a year.