Housing costs in Norwalk?
A typical home costs
$442,200, which is 30.8% more expensive than the national average of
$338,100 and 22.1% more expensive than the average Connecticut home, at
$362,100. Renting a two-bedroom unit in Norwalk costs
$2,080 per month, which is 25.3% more than the national average of
$1,660 and close to the state average of
$2,100.
Can I afford Norwalk?
To live comfortably in Norwalk (zip 06854), Connecticut, a minimum annual income of
$84,600 for a family, and
$67,600 for a single person is recommended.
What does A.I. say about Norwalk?
Living in 06854 Norwalk, CT can be quite expensive. The cost of living index is 106.2, which is 6.2% higher than the national average. This means that goods and services here are more expensive than what they average across the country. Rent prices tend to be high, especially compared to Connecticut's median rent of $1,334, with many apartments costing well over $2000 a month. Groceries are also pricey as the grocery index is 11.7% higher than the national average making it difficult for families in Norwalk to feed their family on a budget. With high costs for day-to-day living expenses such as food and housing, combined with the lack of job opportunities in this area, it can be difficult to make ends meet without some careful planning and budgeting.