Norwalk, CT (zip code 06854) is an affluent community that has much to offer. It's home to several major companies such as Xerox, Priceline Group, and BMW of North America. With multiple beaches, golf courses, and parks nearby, Norwalk residents have easy access to some of the best recreational activities Connecticut has to offer. The cost of living in Norwalk is slightly higher than the US average; however, rent for a two bedroom apartment averages at $2,080 per month – a few hundred dollars more than the US average. Additionally, grocery costs are higher than average with an index of 105 versus 100 in the US. Despite its higher costs of living compared to other cities in Connecticut and nationwide, Norwalk remains a desirable place to live due to its vibrant economy and close proximity to New York City.
Norwalk (zip 06854) has an unemployment rate of 8.5%. The US average is 6.0%.
Norwalk (zip 06854) 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 (zip 06854)
- The Sales Tax Rate for Norwalk (zip 06854) is 6.4%. The US average is 7.3%.
- The Income Tax Rate for Norwalk (zip 06854) 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 (zip 06854)
- The average income of a Norwalk (zip 06854) resident is $34,440 a year. The US average is $28,555 a year.
- The Median household income of a Norwalk (zip 06854) resident is $73,552 a year. The US average is $69,021 a year.