Zip 23517 (Norfolk, VA) Economy


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23517 Norfolk, VA is a great city to live in. It offers a variety of local companies and amenities that make living there enjoyable. The average two bedroom rent in 23517 Norfolk, VA is $1,300 compared to the US average of $1,430. Additionally, the grocery cost index in this area is 100 which is on par with the US average. Some of the notable local companies are Sentara Healthcare System and Old Dominion University. Moreover, there are a variety of restaurants, shopping centers, and entertainment venues throughout the area.

Norfolk (zip 23517) has an unemployment rate of 7.3%. The US average is 6.0%.

Norfolk (zip 23517) 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 23517)
- The Sales Tax Rate for Norfolk (zip 23517) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Norfolk (zip 23517) 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 23517)
- The average income of a Norfolk (zip 23517) resident is $43,212 a year. The US average is $37,638 a year.
- The Median household income of a Norfolk (zip 23517) resident is $53,839 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyNorfolk, VirginiaUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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