Everything You Need to Know About the City of Norwalk Connecticut

In 2017, Norwalk, CT had a population of 88.5k people with a median age of 39.2 and a median household income of $81,546. Between 2016 and 2017 the population of Norwalk, CT grew from 87,930 to 88,537, a 0.69% increase and its median household income grew from $80,896 to $81,546, a 0.804% increase.

The population of Norwalk, CT is 52% White Alone, 26.9% Hispanic or Latino, and 14.1% Black or African American Alone. N/A% of the people in Norwalk, CT communicate in a non-English language, and 83.9% are U.S. residents. 

The biggest universities in Norwalk, CT are Norwalk Community College (670 degrees granted in 2017). 

The median property value in Norwalk, CT is $421,900, and the homeownership rate is 59.6%. Most people in Norwalk, CT commute by Drove Alone, and the average commute time is 25.6 minutes. The average car ownership in Norwalk, CT is 2 cars per household.


Education in Norwalk

In 2017, universities in Norwalk, Connecticut granted 670 degrees. The student population of Norwalk, CT is skewed towards women, with 2,495 male students and 3,341 female students.

Most students graduating from Universities in Norwalk, CT are White (282 and 43.7%), followed by Hispanic or Latino (211 and 32.7%), Black or African American (71 and 11%), and Unknown (49 and 7.6%).

The biggest universities in Norwalk, CT by the number of degrees granted are Norwalk Community College (670 and 100%). 

The most popular majors in Norwalk, CT are General Studies (147 and 21.9%), Registered Nursing (65 and 9.7%), and Liberal Arts & Sciences (60 and 8.96%).


Economy in Norwalk

The economy of Norwalk, CT employs 48.4k people and Norwalk has an unemployment rate of 3.8%. Norwalk has seen the job market decreased by -0.3% over the last year. Future job development throughout the following ten years is anticipated to be 27.7%, which is lower than the US average of 33.5%.  The largest industries in Norwalk, CT are Health Care & Social Assistance (5,966 people), Retail Trade (5,287 people), and Professional, Scientific, & Technical Services (4,718 people), and the highest paying industries are Finance & Insurance ($103,204), Management of Companies & Enterprises ($100,662), and Agriculture, Forestry, Fishing & Hunting, & Mining ($100,625).

Households in Norwalk, CT have a median annual income of $81,546, which is more than the median annual income of $61,937 across the entire United States. This is in contrast with a median income of $80,896 in 2016, which speaks to a 0.804% yearly development. 


Tax Rates for Norwalk

– The Sales Tax Rate for Norwalk is 6.4%. The US average is 7.3%.

– The Income Tax Rate for Norwalk is 5.5%. The US average is 4.6%.

– Tax Rates can have a big impact when Comparing the Cost of Living.


Income and Salaries for Norwalk

– The average income of a Norwalk occupant is $43,778 per year. 

– The Median household income of a Norwalk occupant is $76,051 per year.