Housing costs in Norfolk?
A typical home costs
$685,500, which is 102.8% more expensive than the national average of
$338,100 and 23.0% more expensive than the average Massachusetts home, at
$557,300. Renting a two-bedroom unit in Norfolk costs
$2,170 per month, which is 51.7% more than the national average of
$1,430 and close to the state average of
$2,140.
Can I afford Norfolk?
To live comfortably in Norfolk (zip 02056), Massachusetts, a minimum annual income of
$131,400 for a family, and
$72,000 for a single person is recommended.
What does A.I. say about Norfolk?
The cost of living in 02056 Norfolk, MA is relatively high. According to BestPlaces, the overall cost of living index in the area is rated at 109, which is 9 points higher than the US average. Housing costs are particularly high in this area, with a median home value of $400,900 and rents at an average of $1,741 per month. Food and other necessities are also more expensive than the national average. All in all, Norfolk residents should be prepared to pay for a higher cost of living than most other areas in America.