Housing costs in Norfolk?
A typical home costs
$334,600, which is 1.0% less expensive than the national average of
$338,100 and 2.5% less expensive than the average Virginia home, at
$343,200. Renting a two-bedroom unit in Norfolk costs
$1,570 per month, which is 12.1% more than the national average of
$1,400 and 15.9% more than the state average of
$1,320.
Can I afford Norfolk?
To live comfortably in Norfolk (zip 23510), Virginia, a minimum annual income of
$64,080 for a family, and
$53,600 for a single person is recommended.
What does A.I. say about Norfolk?
The cost of living in 23510 Norfolk, VA is relatively low compared to other major cities in the United States. The median home listing price in the area is $226,900 and the median sale price is around $204,000, making it an affordable place to buy a home. The median rent for a two-bedroom apartment is around $1,450 per month. Groceries are also relatively cheap with an overall cost of living index of 87.6 which is lower than average for Virginia and much lower than national averages. All in all, 23510 Norfolk offers residents an affordable cost of living that can allow them to enjoy the many amenities and attractions available in this great city.