Norfolk, Nebraska (68701) is an affordable place to live, with 2 bedroom rents costing $620 compared to the US average of $1,430. Groceries are even more competitive in Norfolk. The Grocery Cost Index for the area is 97 while the US average is 100. Those looking to move to Norfolk can take advantage of several local businesses that offer a variety of services. These include Norlex Homes, a real estate company that specializes in new constructions; Zippy Appliance Repair, which provides repair services for home appliances; and Perfection Paving Co., which offers paving and concrete services. Those living in Norfolk can also take advantage of its tight-knit community that hosts various events throughout the year such as Music Festivals and farmers markets.
Norfolk (zip 68701) has an unemployment rate of 3.2%. The US average is 6.0%.
Norfolk (zip 68701) has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 27.6%, which is lower than the US average of 33.5%.
Tax Rates for Norfolk (zip 68701)
- The Sales Tax Rate for Norfolk (zip 68701) is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Norfolk (zip 68701) 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 (zip 68701)
- The average income of a Norfolk (zip 68701) resident is $33,154 a year. The US average is $37,638 a year.
- The Median household income of a Norfolk (zip 68701) resident is $55,203 a year. The US average is $69,021 a year.