Norton, VA is an area located in the far southwestern corner of Virginia with a population of 24273. The average rent for a two bedroom apartment in Norton is $850 compared to the US 2 bedroom rent of $1,430. Additionally, the grocery cost index in Norton is 93 compared to 100 in the US. This makes Norton an attractive option for people looking for affordable sources of living expenses. There are many local companies and organizations that operate in Norton such as First National Bank, Appalachian Power Company, and more. With its low cost of living and plenty of business opportunities, Norton continues to be a popular destination for both residents and businesses alike.
Norton (zip 24273) has an unemployment rate of 6.4%. The US average is 6.0%.
Norton (zip 24273) has seen the job market decrease by -5.7% over the last year. Future job growth over the next ten years is predicted to be 12.4%, which is lower than the US average of 33.5%.
Tax Rates for Norton (zip 24273)
- The Sales Tax Rate for Norton (zip 24273) is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Norton (zip 24273) is 5.8%. The US average is 4.6%.
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Income and Salaries for Norton (zip 24273)
- The average income of a Norton (zip 24273) resident is $23,685 a year. The US average is $37,638 a year.
- The Median household income of a Norton (zip 24273) resident is $35,599 a year. The US average is $69,021 a year.