Norfolk is a city in Virginia state in USA with a population of 244300 residents.. The poverty rate of Norfolk is 17.8%, which is 27% higher than national average. The typical household in Norfolk earns $53026 a year, compared to the national median of $67,500. Nearly 46.8% of households earn less than $50,000 a year compared to 39% national rate.

A high school education is a basic prerequisite for most jobs, and in Norfolk, only 87% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Norfolk remained 8%, which is 70% higher than national rate. Nearly 2 times comparable to 4.7% national rate, according to the Census. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Norfolk, only 29% of adults have a bachelor's degree and 33% have some college but no degree.

Cost of living in Norfolk is 107, which is 7% higher than national average. Median home value in Norfolk is $215800 , which is 6% lower than national average. While median income in Norfolk remained $53026, which is 21% lower than national average.