Fairfield County · Connecticut · Northeast · 92k residents
Norwalk, CT: economy, jobs & business costs
The site-selection read on Norwalk: labor costs, talent, corporate tax, energy, and business activity, with the Connecticut median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: ACS place data; supplementary fields may use state estimates.
Average weekly wages in the surrounding labor market run $2,606/wk. Connecticut's corporate income tax rate is 7.5%. Commercial electricity averages 21.2¢/kWh.
Compare Norwalk side by side
Avg. weekly wage
$2,606/wk
Corporate income tax
7.5%
Bachelor's degree or higher
44.8%
Commercial electricity
21.2¢/kWh
Economic momentum
How fast Norwalk's economy is moving, ranked against the US cities we track.
46/100
Steady
Ranks Norwalk's residential building-permit and jobs growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| ACS median home value | $558,000 |
| Price per sq. ft. | $230 |
| Property tax rate | 1.8% |
| 1-bedroom rent | $1,888/mo |
| 2-bedroom rent | $2,186/mo |
| State & local income tax | 3.91% |
| Sales tax | 6.35% |
| Corporate income tax | 7.5% |
| Avg. weekly wage | $2,606/wk |
| Bachelor's degree or higher | 44.8% |
| Commercial electricity | 21.2¢/kWh |
| Businesses per 1k residents | 53.4/1k |
| Wage: Software developer | $134,120 |
| Wage: Registered nurse | $102,740 |
| Wage: General manager | $137,220 |
| Wage: Customer service | $48,090 |
| Wage: Warehouse worker | $40,590 |
| Wage: Heavy truck driver | $60,490 |
| Wage: Electrician | $77,540 |
| Wage: Retail salesperson | $36,490 |
| Cost of living index | 126 |
| Groceries index | 106 |
| Utilities | $245/mo |
| Transit pass | $75/mo |
| Gas price | $3.35/gal |
| Healthcare index | 105 |
| Childcare (per child) | $1,350/mo |
| Median household income | $107,616 |
| Unemployment rate | 4% |
| Population | 92k |
| Crime index | 27/100 |
| School rating | 7.8/10 |
| Walkability | 34/100 |
| Disaster risk | 96/100 |
| Avg. commute | 26 min |
| Sunny days / year | 180 days |
| July high | 85°F |
| January low | 22°F |
| Annual snowfall | 34 in |
| Home price YoY | +4.9% |
| Home price MoM | +0.4% |
| Rent YoY | +2.4% |
| Rent MoM | +0.4% |
| Employment (jobs) YoY | +0.9% |
| Building permits YoY | -48.1% |
| Ocean coast | 8 mi |
| Big lake | 26 mi |
| Mountains | 78 mi |
| Major airport | 33 mi |
| Ski resort | 85 mi |
Popular comparisons
Nearby
- Stamford, CT · 137k
- Bridgeport, CT · 149k
- Danbury, CT · 87k
- Shelton, CT · 42k
- Milford, CT · 51k
Similar size
- New Britain, CT · 74k
- Waterbury, CT · 115k
- West Hartford, CT · 64k
- Hartford, CT · 121k
- Bristol, CT · 61k
Real listings in Norwalk
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Norwalk a good place to run a business?
- Connecticut's corporate income tax rate is 7.5%; average weekly wages in the surrounding labor market run $2,606/wk; commercial electricity averages 21.2¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Norwalk, CT?
- Norwalk indexes at 126 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $2,186/mo and a acs median home value of $558,000.
- How much does a house cost in Norwalk?
- The acs median home value in Norwalk is $558,000 (Census ACS estimate; individual listings vary).
- How much is rent in Norwalk?
- A two-bedroom in Norwalk rents for about $2,186/mo.