Housing costs in Norfolk?
A typical home costs
$411,200, which is 21.6% more expensive than the national average of
$338,100 and 13.6% more expensive than the average Connecticut home, at
$362,100. Renting a two-bedroom unit in Norfolk costs
$1,380 per month, which is 3.5% cheaper than the national average of
$1,430 and 20.3% cheaper than the state average of
$1,660.
Can I afford Norfolk?
To live comfortably in Norfolk, Connecticut, a minimum annual income of
$78,840 for a family, and
$42,400 for a single person is recommended.
What does A.I. say about Norfolk?
The cost of living in Norfolk, CT is relatively low compared to other areas in Connecticut. According to BestPlaces, the overall cost of living index for Norfolk is about 5% lower than the rest of Connecticut and about 15% lower than the national average. This means that basic expenses such as housing, groceries, utilities, transportation and healthcare are all cheaper when living in this small town. In addition, taxes are also comparatively low which helps people save money while still being able to enjoy a high quality of life.