Zip 23502 (Norfolk, VA) Cost of Living


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How much do I need to live in Norfolk, Virginia?
$4,200 / month
for a family, 22.2% less expensive than the national average A total of $50,400 for the year for a family.
$3,767 / month
for a single person, 21.0% less expensive than the national average A total of $45,200 for the year for a single person.

Norfolk cost of living score
91.4
Less expensive
8.6% lower
than the US average
12.3% lower
than the Virginia average
Norfolk (zip 23502), Virginia gets a BestPlaces Cost of Living score of 91.4, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 8.6% lower than the U.S. average and 12.3% lower than the average for Virginia.

Zip 23502 (Norfolk, VA)

Housing costs in Norfolk?
A typical home costs $263,400, which is 22.1% less expensive than the national average of $338,100 and 23.3% less expensive than the average Virginia home, at $343,200. Renting a two-bedroom unit in Norfolk costs $1,320 per month, which is 5.7% cheaper than the national average of $1,400 and close to the state average of $1,320.

Can I afford Norfolk?
To live comfortably in Norfolk (zip 23502), Virginia, a minimum annual income of $50,400 for a family, and $45,200 for a single person is recommended.

What does A.I. say about Norfolk?
The cost of living in 23502 Norfolk, VA is relatively affordable compared to other cities in the United States. According to BestPlaces’s cost of living index, the overall index for 23502 Norfolk, VA is significantly lower than some other major cities in the United States such as New York and Los Angeles. The average rent prices are fairly low at $958 per month for a one bedroom apartment, and the overall consumer price index (CPI) is only 99.2. This means that general goods and services in 23502 Norfolk, VA are slightly cheaper than the national average. Additionally, typical utility bills such as electricity and water tend to be quite inexpensive in this area. In conclusion, the cost of living in 23502 Norfolk, VA is generally very affordable for those looking to reside in an urban area.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesNorfolkVirginiaUnited States
    Unlock104.2100.0
  97.2  Unlock100.0
    Unlock103.1100.0
  84.6  Unlock100.0
    Unlock$343,200$338,100
  97.4  Unlock100.0
    Unlock99.4100.0
  108.5  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
Reviews for Norfolk
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Over 18 years ago

In my opinion the realestate in the hampton roads area is not very appealing to a new home buyer. The houses are old, and for 200k you get a 2bdrm houses in an area that  More

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