Housing costs in Norfolk?
A typical home costs
$227,900, which is 32.6% less expensive than the national average of
$338,100 and 33.6% less expensive than the average Virginia home, at
$343,200. Renting a two-bedroom unit in Norfolk costs
$1,310 per month, which is 6.4% 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 23509), Virginia, a minimum annual income of
$43,560 for a family, and
$44,800 for a single person is recommended.
What does A.I. say about Norfolk?
The cost of living in 23509 Norfolk, VA is relatively high due to the city's close proximity to major cities, such as Washington DC and Philadelphia. The cost of housing tends to be higher than the national average, with the median home price sitting around $210,250 for a single family home. Groceries tend to be more expensive than in other parts of the country as well. Transportation costs within the city are relatively affordable thanks to public transportation options, however gas prices tend to be higher than in other places. Despite the higher than average cost of living expenses, 23509 Norfolk offers a variety of entertainment options and beautiful scenery that many residents find worth the expense.