Housing costs in Norfolk?
A typical home costs
$271,500, which is 19.7% less expensive than the national average of
$338,100 and 20.9% less expensive than the average Virginia home, at
$343,200. Renting a two-bedroom unit in Norfolk costs
$1,290 per month, which is 9.8% cheaper than the national average of
$1,430 and 8.5% cheaper than the state average of
$1,400.
Can I afford Norfolk?
To live comfortably in Norfolk, Virginia, a minimum annual income of
$52,200 for a family, and
$44,400 for a single person is recommended.
What does A.I. say about Norfolk?
Norfolk, Virginia is quickly becoming one of America's premier destinations for those looking for excellent quality-of-life without spending too much. Homeowners can select among various housing choices ranging from affordable single family homes to luxury apartments - while renters also have access to lots of great deals nowadays as well. In addition, food and transportation costs are much lower than other major US cities - giving you more value for your dollar if you decide on Norfolk as your home.