Housing costs in Norfolk?
A typical home costs
$257,300, which is 23.9% less expensive than the national average of
$338,100 and 25.0% less expensive than the average Virginia home, at
$343,200. Renting a two-bedroom unit in Norfolk costs
$1,290 per month, which is 7.9% cheaper than the national average of
$1,400 and 2.3% cheaper than the state average of
$1,320.
Can I afford Norfolk?
To live comfortably in Norfolk (zip 23503), Virginia, a minimum annual income of
$49,320 for a family, and
$44,000 for a single person is recommended.
What does A.I. say about Norfolk?
The cost of living in 23503 Norfolk, VA is relatively high compared to the rest of the United States. According to BestPlaces, the cost of living index for Norfolk is 137, which is 37% higher than the national average. Groceries and restaurants are especially expensive, with prices 24% higher than the national average. Other costs such as housing, utilities and transportation are also quite high when compared to the U.S. average, making Norfolk an expensive place to live.