Housing costs in Norfolk?
A typical home costs
$353,100, which is 4.4% more expensive than the national average of
$338,100 and 2.9% more expensive than the average Virginia home, at
$343,200. Renting a two-bedroom unit in Norfolk costs
$1,350 per month, which is 3.6% cheaper than the national average of
$1,400 and 2.2% more than the state average of
$1,320.
Can I afford Norfolk?
To live comfortably in Norfolk (zip 23508), Virginia, a minimum annual income of
$67,680 for a family, and
$46,400 for a single person is recommended.
What does A.I. say about Norfolk?
The cost of living in 23508 Norfolk, VA is relatively high compared to other cities across the United States. Housing costs are above the national average, with the median home value at around $231,000. Transportation costs are also slightly higher than the national average, with an average commute time of around 24 minutes and a gallon of gas costing about $2.50. Groceries and restaurant meals tend to be more expensive too, with food prices being roughly 10-15% higher than the national average. However, it is possible to find bargains if you shop around and take advantage of local deals and discounts.