Norfolk, VA is a great place to live and has a reasonable cost of living. According to the content provided, the average two bedroom rent in Norfolk is $1,070 compared to the national average of $1,430. Additionally, the grocery cost index for this city is 96 compared to the national index of 100. This means that groceries tend to be slightly cheaper than average in Norfolk.
For those looking for housing needs in Norfolk, some local companies offering rental properties include The Breeden Company and Halstead at Grandview Apartments. The Breeden Company offers one-bedroom apartments starting from $875 per month while Halstead at Grandview Apartments offer two-bedroom apartments starting from $1,195 per month.
Norfolk (zip 23504) has an unemployment rate of 7.3%. The US average is 6.0%.
Norfolk (zip 23504) has seen the job market increase by 1.3% 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 23504)
- The Sales Tax Rate for Norfolk (zip 23504) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Norfolk (zip 23504) 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 23504)
- The average income of a Norfolk (zip 23504) resident is $14,656 a year. The US average is $28,555 a year.
- The Median household income of a Norfolk (zip 23504) resident is $34,016 a year. The US average is $69,021 a year.