Zip 06851 (Norwalk, CT) Economy


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Norwalk, CT (zipcode 06851) is a great place to live. It offers a wide variety of amenities and conveniences for those looking to rent. The average cost of rent for a 2 bedroom here is $2,440 which is slightly higher than the national average of $1,430. Additionally, the Grocery Cost Index in Norwalk is 106 versus 100 in the US which means that groceries are marginally more expensive here.
In terms of local companies, there are numerous businesses based in Norwalk such as Xerox International Partner Solutions Corporation, Pepperidge Farm Incorporated, and Priceline.com LLC who all maintain a presence in this area due to its convenient location and diverse services offered.

Norwalk (zip 06851) has an unemployment rate of 8.5%. The US average is 6.0%.

Norwalk (zip 06851) 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 06851)
- The Sales Tax Rate for Norwalk (zip 06851) is 6.4%. The US average is 7.3%.
- The Income Tax Rate for Norwalk (zip 06851) 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 06851)
- The average income of a Norwalk (zip 06851) resident is $45,360 a year. The US average is $28,555 a year.
- The Median household income of a Norwalk (zip 06851) resident is $96,522 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyNorwalk, ConnecticutUnited States
  8.56
  -7.5%-6.2%
  27.7%33.5%
  6.4%6.2%
  5.0%4.6%
  $54,392$37,638
  $96,522$69,021
  $121,702$85,028
  Population by Occupation
  0.0%1.2%
  0.1%0.5%
  7.8%6.8%
  6.8%10.0%
  3.9%2.5%
  10.4%11.0%
  1.4%4.8%
  0.3%0.8%
  2.4%1.9%
  7.6%4.7%
  2.9%1.9%
  10.3%7.6%
  0.4%0.1%
  6.3%4.2%
  9.2%9.3%
  12.0%14.0%
  3.0%2.1%
  6.6%7.0%
  4.8%4.8%
  3.9%4.7%
Health