Norfolk CDP Connecticut Income Charts

This section shows the Norfolk CDP Connecticut economy using the most recent economic analysis from the 2022 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Norfolk CDP depicts it has a Median earnings of $75,625 which is more than all other places in the greater Norfolk CDP region. Comparing median earnings per worker to the United States average of $53,269, Norfolk CDP is 42.0% larger. Also, in comparison with the state of Connecticut, median earnings per worker of $65,697, Norfolk CDP is 15.1% larger.

In Figure 2 a more complete view of income is shown which aggregates income from all members in the household and it has a Median household income of $67,708 which is the second most median income of all the places in the greater Norfolk CDP region. The place with the highest median household income in the area is Lakeville CDP which depicts a median income of $88,250 (30.3% larger). Comparing median household income to the United States average of $69,021, Norfolk CDP is about the same size. Also, in comparison with the state of Connecticut, median household income of $83,572, Norfolk CDP is about 23.4% smaller.

The next section examines a variety of different income statistics for the Norfolk CDP metropolitan area. In Figure 3 we see that it it has the largest proportion of earnings between $75,000 and $99,999 at 18.6% of the total and is ranked #1. Dividing median annual worker earnings by the average number of hours worked in a year in Figure 4 shows that it has a Avg Hrly Earnings of $40.06 which is the largest of all places in the greater Norfolk CDP region. Comparing average hourly earnings to the United States average of $26.40, Norfolk CDP is 51.7% larger. Also, versus the state of Connecticut, average hourly earnings of $33.25, Norfolk CDP is 20.5% larger.

Figure 5 examines the number of self employed people in the Norfolk CDP metro area based on the number of people who reported any self employment income. Norfolk CDP shows it has a Self Employed of 11.2% which is in the middle range of other places in the greater region. The place with the highest percentage of people self employed in the area is Lakeville CDP which shows a percentage self employed of 26.6% (approximately 2.4 times bigger).

Figure 6 breaks down the source of income and Norfolk CDP has the smallest proportion of self employment income at 11.5% of the total.

The next chart (Figure 7) shows the percentage of households that had retirement income over the last 12 months and it has a With Retirement Income of 19.3% which is the smallest in terms of households with retirement income of all the other places in the metropolitan area. The place with the highest households with retirement income in the area is Lakeville CDP which shows a households with retirement income of 38.6% (about twice as large).

The percentage of full-time workers are compared to the number of part-time workers in Figure 8. Norfolk CDP depicts full time employees 63.8% larger as the part time employees.

Similar to the last chart is Figure 9 which shows the number of people who are self employed but in more detailed industry categories such as manufacturing, retail sales, residential real estate, commercial real estate, health care, exports/imports, and advanced industries, etc. Norfolk CDP depicts it has the hightest entrepreneurs of 74% for the self employed in professional, scientific, management, administrative services category.

Figure 10 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Norfolk CDP depicts it has the hightest cost of 120.7 for the cost of grocery items classification.

Norfolk CDP Connecticut Poverty Charts

In Figure 11 the percentage of people earning less than the poverty level is shown and compared across the group of places. Norfolk CDP indicates it has a Percent of Population In Poverty of 13.3% which is the second smallest when sorted by percent of people earning less than the poverty level of all the other places in the local area. The place with the highest percent of people earning less than the poverty level in the area is Canaan CDP which depicts a percent of people in poverty of 30.7% (approximately 2.3 times bigger). Additionally, Figure 12 looks at the percentage of people who receive some form of public assistance including general assistance, temporary assistance or food stamps (i.e. SNAP.) Norfolk CDP indicates it has a Public Assistance Percent of 9.7% which is in the mid range of other places in the surrounding region. The place with the highest households with public assistance in the area is Canaan CDP which shows a households with public assistance of 30.6% (approximately 3.2 times bigger).

Norfolk CDP Connecticut Labor Force Charts

The table in Figure 13, shows Norfolk CDP employment data in terms of job categories and salary data.

The next two charts look at monthly trended employment related performance using data estimated by economists at the Bureau of Labor Statistics (BLS). The BLS tracks unemployment statistics for a large number of areas throughout the country on a month to month basis. However, not every location in the U.S. is tracked by the BLS so the chart will only show the closest location available (which may be the same location.) Figure 14 shows the monthly unemployment rate for the area as well as a comparison to the overall national economy measure for the United States. Note that in March to April 2022, the Covid 19 recession occurred and affects this metric. The monthly unemployment rate shows that from January 2017 to before the disasterous Covid-19 virus Pandemic it went from 5.5% to 5.0% in March 2020. This represents a decrease in the monthly unemployment rate of 9.1%. Since that time, the monthly unemployment rate has gone to 3.7%. This represents a decrease in the monthly unemployment rate of 26.0%.

Norfolk CDP Connecticut Jobs Charts

In the jobs section of economic activity charts in Figure 15 shows the average annual earnings for very high level job industry categories for full time and year round employed.

Figure 16 shows the average median earnings for different categories of jobs.

Norfolk CDP Connecticut Work Commute Charts

Figure 18 shows a more detailed view of how the population commutes to work for (for example to downtown Norfolk CDP or elsewhere.) Norfolk CDP has the largest proportion of people who take a Subway or elevated rail at 1% of the total and is ranked #1. Second, it has the largest proportion of people who took a taxicab, motorcycle or other at 3% of the total and is ranked #1.

Figure 19 is provided for comparison purposes to the previous chart. It shows how people get to work overall on average in the United States.

The average commute time is shown in Figure 21. Norfolk CDP indicates it has a Avg Commute Time of 23 which is less than most other places in the metro area.