Housing costs in Norfolk City?
A typical home costs
$256,000, which is 24.3% less expensive than the national average of
$338,100 and 25.4% less expensive than the average Virginia home, at
$343,200. Renting a two-bedroom unit in Norfolk City costs
$1,330 per month, which is 7.0% cheaper than the national average of
$1,430 and 5.3% cheaper than the state average of
$1,400.
Can I afford Norfolk City?
To live comfortably in Norfolk City Virgi County, Virginia, a minimum annual income of
$48,960 for a family, and
$45,600 for a single person is recommended.
What does A.I. say about Norfolk City?
The cost of living in Norfolk City, VA County is significantly lower than the national average. According to data, the cost of living in this city is 91.4 compared to the US average of 100. This low cost of living can be attributed to many factors such as lower property taxes, affordable housing, and an overall less expensive lifestyle. The median house value in Norfolk City is $256000, which is much lower than the US average of $3381000. As a result, it makes living in this city more affordable for those on a budget or looking for a more economical life style.