23523 Norfolk, VA is a great place to call home. The 2 Bedroom Rent in the area is $1,060, which is much lower than the national average of $1,430. Grocery cost index is also lower than the US average at 95 versus 100. There are plenty of local companies providing quality products and services to the people of Norfolk including TFC Recycling, Puryear IT Solutions, and Virginia Beach Roofing Company. These businesses help keep the local economy strong and provide excellent employment opportunities for members of the community.
Norfolk (zip 23523) has an unemployment rate of 7.3%. The US average is 6.0%.
Norfolk (zip 23523) 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 23523)
- The Sales Tax Rate for Norfolk (zip 23523) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Norfolk (zip 23523) 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 23523)
- The average income of a Norfolk (zip 23523) resident is $18,760 a year. The US average is $37,638 a year.
- The Median household income of a Norfolk (zip 23523) resident is $32,458 a year. The US average is $69,021 a year.