Housing costs in Norton?
A typical home costs
$100,200, which is 70.4% less expensive than the national average of
$338,100 and 70.8% less expensive than the average Virginia home, at
$343,200. Renting a two-bedroom unit in Norton costs
$850 per month, which is 39.3% cheaper than the national average of
$1,400 and 7.1% more than the state average of
$790.
Can I afford Norton?
To live comfortably in Norton (zip 24273), Virginia, a minimum annual income of
$19,080 for a family, and
$28,000 for a single person is recommended.
What does A.I. say about Norton?
The cost of living in 24273 Norton, VA is relatively low compared to other parts of the country. The median home value is $82,200, which is 3.5% lower than the national average. Property taxes are also low, usually ranging from 0.6-0.8%. The local unemployment rate is 4%, and the median household income is $26,441鈥攚hich is slightly lower than the national average. In terms of utilities such as electricity and natural gas, Norton residents pay an average of 11% less than the rest of Virginia's population. Groceries are slightly higher in price than the national average, but overall groceries will not create a huge dent in your budget. Finally, transportation costs are kept low due to high availability of public transit options around town.