Norwalk, Connecticut Income Statistics
Norwalk Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
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B
Norwalk Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Norwalk | Connecticut Avg | US Average |
|---|---|---|---|
| Median Household Income | $104,891 | $97,098 | $80,455 |
| Median Personal Income | $74,320 | $75,632 | $60,758 |
| Average Yearly Income Growth | 3.0% | 3.7% | 4.8% |
| Six-Figure Earners | 20.3% | 18.8% | 13.9% |
| $200k+ Households | 20.8% | 19.5% | 13.2% |
The median household income in Norwalk is about 8% higher than in Connecticut. Income has been growing slower in Norwalk (3.0%/yr) than in Connecticut (3.7%/yr).
About 20% of adults in Norwalk earn six figures ($100,000 or more) a year, higher than the Connecticut average of 19%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Norwalk, Connecticut grew by 36.5% from 2009 to 2024, reaching $104,891 in 2024. That's an average of about 3.0% per year.
Norwalk has been far above the U.S. median household income in every year from 2009 to 2024. Even at its closest, in 2022, its income was 29% higher. The gap has narrowed from 50% in 2009 to 30% in 2024.
Income Distribution in Norwalk
How incomes are spread across brackets, compared with the U.S. Pick a range to count who falls in it.
Households by income, 2024
Income range calculator
About 18,134 households (52.0% of all households) have an income of $100,000 or more.
Across the U.S.: 40.2% of all households.
In 2024, 16.0% of households in Norwalk had an income under $35,000 and 33.0% had $150,000 or more. Across the U.S., those shares were 21.6% and 22.8%.
Compared with the U.S., Norwalk has a larger share of households earning $200,000 or more (20.8% vs 13.2%) and a smaller share earning $50,000 to $74,999 (13.2% vs 15.5%).
| Household income | Households | Share | U.S. share |
|---|---|---|---|
| Under $10,000 | 1,121 | 3.2% | 5.1% |
| $10,000 to $14,999 | 1,177 | 3.4% | 3.5% |
| $15,000 to $24,999 | 1,642 | 4.7% | 6.4% |
| $25,000 to $34,999 | 1,642 | 4.7% | 6.7% |
| $35,000 to $49,999 | 2,813 | 8.1% | 10.1% |
| $50,000 to $74,999 | 4,585 | 13.2% | 15.5% |
| $75,000 to $99,999 | 3,749 | 10.8% | 12.6% |
| $100,000 to $149,999 | 6,643 | 19.1% | 17.4% |
| $150,000 to $199,999 | 4,246 | 12.2% | 9.5% |
| $200,000 or more | 7,245 | 20.8% | 13.2% |
Shares are of all 34,863 households, one per occupied home whatever its size. Households with zero or negative income are counted in the lowest bracket. Source: ACS 5-year estimates ending 2024 (table B19001).
Residents 15+ by personal income, 2024
Income range calculator
About 15,390 residents (20.3% of residents aged 15 and over) have a personal income of $100,000 or more.
Across the U.S.: 13.9% of residents aged 15 and over.
That is 22.5% of residents who have any income.
In 2024, 9.7% of Norwalk residents aged 15 and over reported no personal income, 24.9% had some income but less than $25,000, and 29.4% had $75,000 or more. Across the U.S., those shares were 12.8%, 28.7% and 22.0%.
Compared with the U.S., Norwalk has a larger share of residents earning $100,000 or more (20.3% vs 13.9%) and a smaller share with no personal income (9.7% vs 12.8%).
| Personal income | Residents | Share | U.S. share |
|---|---|---|---|
| No income | 7,338 | 9.7% | 12.8% |
| $1 to $9,999 | 7,369 | 9.7% | 11.2% |
| $10,000 to $14,999 | 4,783 | 6.3% | 7.0% |
| $15,000 to $24,999 | 6,768 | 8.9% | 10.5% |
| $25,000 to $34,999 | 7,969 | 10.5% | 9.5% |
| $35,000 to $49,999 | 8,484 | 11.2% | 12.6% |
| $50,000 to $74,999 | 10,894 | 14.4% | 14.3% |
| $75,000 to $99,999 | 6,884 | 9.1% | 8.2% |
| $100,000 or more | 15,390 | 20.3% | 13.9% |
Shares are of the 75,879 residents aged 15 and over, the only people the Census Bureau asks about income, and include those who reported none. A share of the whole population would count children as people without income, while a share of earners alone would hide the 9.7% with no income; the calculator adds that second share whenever your range leaves out people with no income. Source: ACS 5-year estimates ending 2024 (table B19325).
Income Inequality and the Gender Pay Gap in Norwalk
| Metric | Norwalk | Connecticut Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.525 | 0.536 | 0.552 |
| Male Median Income | $77,771 | $85,321 | $69,667 |
| Female Median Income | $71,994 | $70,012 | $56,850 |
| Gender Pay Gap | 7.4% | 17.9% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Norwalk, it is 0.525, lower than Connecticut's 0.536, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 8% more than women's income in Norwalk, Connecticut. Over a 35-year career, a 8% wage gap accumulates to roughly $202,195 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Norwalk, Connecticut has narrowed from about 19% to 7% in 2024. Over that period the gap was narrowest at 7% in 2023. In dollar terms, the gap has narrowed by $6,533 since 2009.
Employment
| Metric | Norwalk | Connecticut Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.3% | 5.5% | 5.2% |
| Working from Home | 14.8% | 16.2% | 15.0% |
| Commute time (minutes) | 21 | 22 | 22 |
Approximately 2,828 people are unemployed in Norwalk, Connecticut.
The average commute time in Norwalk is 21 minutes, shorter than the 22 minutes in Connecticut.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Norwalk, Connecticut has fallen from 7.1% to 5.3% in 2024. Over that period the rate peaked at 9.7% in 2013.
Norwalk started 1.6 points below the U.S. unemployment rate in 2011 but had risen above it by 2014, and has not been below it since. In 2024 the two were level.
Conclusion
Considering all these factors, Norwalk, Connecticut has an overall wealth index grade of B, making it somewhat better than Connecticut, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Norwalk, Connecticut.
How Rich Is Norwalk, Connecticut?
Norwalk has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $104,891, about 8% higher than the Connecticut average of $97,098.
How has median household income changed in Norwalk, Connecticut?
Between 2009 and 2024, the median household income in Norwalk, Connecticut rose 37%, from $76,834 to $104,891. Over the same years, income here lagged behind Connecticut as a whole: +37% against +41%.
What was the median household income in Norwalk in 2023?
In 2023, the median household income in Norwalk, Connecticut was $102,888, up 7% from $96,350 in 2022. The Connecticut median that year was $95,197.
What was the median household income in Norwalk in 2020?
In 2020, the median household income in Norwalk, Connecticut was $89,737. By 2024 it had risen 17% to $104,891.
What is the Gini coefficient in Norwalk, Connecticut?
The Gini coefficient in Norwalk is 0.525. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Norwalk, Connecticut?
Since 2009, the income gap between men and women in Norwalk, Connecticut has narrowed from about 19% to 7% in 2024. Over that period the gap was narrowest at 7% in 2023. In dollar terms, the gap has narrowed by $6,533 since 2009.
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