Housing costs in Norfolk?
A typical home costs
$218,700, which is 35.3% less expensive than the national average of
$338,100 and 4.1% less expensive than the average Nebraska home, at
$228,100. Renting a two-bedroom unit in Norfolk costs
$620 per month, which is 36.1% cheaper than the national average of
$970 and 45.2% cheaper than the state average of
$900.
Can I afford Norfolk?
To live comfortably in Norfolk (zip 68701), Nebraska, a minimum annual income of
$41,760 for a family, and
$18,800 for a single person is recommended.
What does A.I. say about Norfolk?
The cost of living in 68701 Norfolk, NE is quite reasonable. According to BestPlaces, the overall cost of living index in this area is around 77.1, which is lower than the national average. The grocery index and health care index are both below the US mean and rent prices are also quite affordable. Consumers can expect to pay around $650 for a one-bedroom apartment, while a three-bedroom apartment can be rented for roughly $900 per month. Utility costs are slightly higher than the national average at approximately $150 per month but still relatively affordable compared to larger cities in the country. All together, the cost of living in 68701 Norfolk, NE makes it an attractive place for those looking for affordable housing options without sacrificing quality and convenience.