Housing costs in Norfolk?
A typical home costs
$220,100, which is 34.9% less expensive than the national average of
$338,100 and 35.9% less expensive than the average Virginia home, at
$343,200. Renting a two-bedroom unit in Norfolk costs
$1,070 per month, which is 23.6% cheaper than the national average of
$1,400 and 23.4% cheaper than the state average of
$1,320.
Can I afford Norfolk?
To live comfortably in Norfolk (zip 23504), Virginia, a minimum annual income of
$42,120 for a family, and
$36,400 for a single person is recommended.
What does A.I. say about Norfolk?
The cost of living in 23504 Norfolk, VA varies depending on various factors such as housing costs and the type of lifestyle you choose to lead. According to recent statistics, the average cost of living in Norfolk is slightly higher than the national average due to high housing prices and a higher cost of goods and services. The median home value for this area is $201,400 which is significantly higher than the national median home value for this region. However, there are still affordable housing options available if you look hard enough and many entertainment options that fit every budget. Overall, while living in Norfolk can be expensive, there are still plenty of ways to make it an enjoyable and affordable experience.