Housing costs in Norfolk?
A typical home costs
$648,600, which is 91.8% more expensive than the national average of
$338,100 and 16.4% more expensive than the average Massachusetts home, at
$557,300. Renting a two-bedroom unit in Norfolk costs
$2,220 per month, which is 55.2% more than the national average of
$1,430 and 3.6% more than the state average of
$2,140.
Can I afford Norfolk?
To live comfortably in Norfolk, Massachusetts, a minimum annual income of
$124,200 for a family, and
$74,000 for a single person is recommended.
What does A.I. say about Norfolk?
The cost of living in Norfolk, MA is slightly higher than the national average, but still quite reasonable. The median home value is about $245,000, which is lower than many surrounding cities and towns. The overall cost of living index for the area is 109.3, which reflects costs being moderately higher than the national average. Renting a one bedroom apartment can range from $1,200 to $1,500 per month while utilities are relatively inexpensive compared to other areas in Massachusetts. There are also plenty of affordable restaurants and entertainment options that make living in Norfolk an enjoyable experience for most people.