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Norfolk, VA 23503 has a population of approximately 31,618 and experiences a population change rate of -32.53%. The population density is 6,150.2 / sq mi .
The median household income for Norfolk, VA 23503 is $56,433, with 13,999 households and an average household size of 2.17.
The median value of a home in Norfolk, VA 23503 is $257,300 with an appreciation rate of 12.20%. 40.88% of housing in the state is owned while 52.49% is rented.
The cost of living in Norfolk, VA 23503 is 100.3 %.
The unemployment rate in Norfolk, VA 23503 is 2.90%, and recent job growth is at 3.15%. Future job growth is projected at 42.69%.
The sales tax rate in Norfolk, VA 23503 is 6.00%, while the income tax rate is 5.75% .
School expenditures in Norfolk, VA 23503 are $12,905, and the school ratio is 13.5:1.
The average high temperature in July is 88.2 degrees, with an average low temperature in January of 33.8 degrees. The average rainfall is approximately 47.3 inches per year, with 4.8 inches of snow per year.
