19403 Norristown, PA is a bustling city with affordable living options for those looking to settle down in the area. According to current statistics, the average rent for a two-bedroom apartment in Norristown is $1,640 per month – slightly higher than the national average of $1,430. The Grocery Cost Index in Norristown is 106 out of 100 compared to the US average. This means groceries and other essential items are slightly more expensive than in other parts of the country.
Norristown offers plenty of opportunities when it comes to employment and business prospects. Popular local companies include Unisys Corporation, CSL Behring, and Merck Pharmaceuticals Inc., along with many smaller businesses that support the thriving community. Additionally, there are plenty of amenities close by such as shopping centers, parks and recreation facilities, as well as various cultural offerings like museums and art galleries.
Norristown (zip 19403) has an unemployment rate of 4.9%. The US average is 6.0%.
Norristown (zip 19403) 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 32.4%, which is lower than the US average of 33.5%.
Tax Rates for Norristown (zip 19403)
- The Sales Tax Rate for Norristown (zip 19403) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Norristown (zip 19403) is 4.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Norristown (zip 19403)
- The average income of a Norristown (zip 19403) resident is $38,752 a year. The US average is $28,555 a year.
- The Median household income of a Norristown (zip 19403) resident is $89,224 a year. The US average is $69,021 a year.