Housing costs in Norwalk?
A typical home costs
$1,482,400, which is 338.5% more expensive than the national average of
$338,100 and 309.4% more expensive than the average Connecticut home, at
$362,100. Renting a two-bedroom unit in Norwalk costs
$3,560 per month, which is 114.5% more than the national average of
$1,660 and 41.0% more than the state average of
$2,100.
Can I afford Norwalk?
To live comfortably in Norwalk (zip 06853), Connecticut, a minimum annual income of
$284,040 for a family, and
$116,000 for a single person is recommended.
What does A.I. say about Norwalk?
The cost of living in 06853 Norwalk, CT is high compared to the national average. The median home value is $465,000, which is significantly higher than the national median of $216,700. Additionally, according to BestPlaces, the cost of groceries in Norwalk is 14% higher than the national average and the consumer price index (CPI) is 14.4% above the US average. Although the salaries are 30-40% higher than many other parts of Connecticut and up to 8% higher than in New York City, they still do not cover some of these high costs. The overall cost of living in Norwalk makes it an expensive place to live but also provides access to great schools and job opportunities for those who can afford it.