Norfolk, Virginia (23502) is an ideal place for those looking for a great home and an affordable cost of living. The average two-bedroom rent in the area is $1,320 , lower than the US average of $1,430. Grocery costs are also lower in Norfolk with a Grocery Cost Index of 97 versus 100 in the US. \nIn addition to being more affordable, Norfolk has many local companies that are thriving. Popular companies include Norfolk Southern Corporation, Dollar Tree Headquarters, Sentara Healthcare and Navy Exchange. There is something for everyone in Norfolk making it the perfect place to call home!
Norfolk (zip 23502) has an unemployment rate of 7.3%. The US average is 6.0%.
Norfolk (zip 23502) has seen the job market decrease by -5.8% over the last year. Future job growth over the next ten years is predicted to be 31.2%, which is lower than the US average of 33.5%.
Tax Rates for Norfolk (zip 23502)
- The Sales Tax Rate for Norfolk (zip 23502) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Norfolk (zip 23502) is 5.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Norfolk (zip 23502)
- The average income of a Norfolk (zip 23502) resident is $35,664 a year. The US average is $37,638 a year.
- The Median household income of a Norfolk (zip 23502) resident is $61,358 a year. The US average is $69,021 a year.