Housing costs in Norwalk?
A typical home costs
$501,400, which is 48.3% more expensive than the national average of
$338,100 and 38.5% more expensive than the average Connecticut home, at
$362,100. Renting a two-bedroom unit in Norwalk costs
$2,480 per month, which is 49.4% more than the national average of
$1,660 and 15.3% more than the state average of
$2,100.
Can I afford Norwalk?
To live comfortably in Norwalk (zip 06850), Connecticut, a minimum annual income of
$96,120 for a family, and
$80,800 for a single person is recommended.
What does A.I. say about Norwalk?
The cost of living in 06850 Norwalk, CT is generally higher than the US average. Housing is one of the main contributors to this, as the median home value sits at $407,200 compared to the US mean of $184,700. Groceries and transportation are also more expensive here, with an index score of 109.9 for groceries and 107.7 for transportation respectively. In terms of utilities, the index score is 98.4; however this figure can fluctuate depending on seasonality. Other factors that contribute to the high cost of living in Norwalk include healthcare (index score of 113), and miscellaneous expenses such as entertainment or dining out (index score of 121). All in all, you can expect to pay quite a bit more if you live in 06850 Norwalk, CT than other parts of the country.