Housing costs in Norfolk?
A typical home costs
$217,300, which is 35.7% less expensive than the national average of
$338,100 and 36.7% less expensive than the average Virginia home, at
$343,200. Renting a two-bedroom unit in Norfolk costs
$1,210 per month, which is 13.6% cheaper than the national average of
$1,400 and 9.1% cheaper than the state average of
$1,320.
Can I afford Norfolk?
To live comfortably in Norfolk (zip 23513), Virginia, a minimum annual income of
$41,760 for a family, and
$41,200 for a single person is recommended.
What does A.I. say about Norfolk?
The cost of living in 23513 Norfolk, VA is relatively affordable compared to other cities in the United States. According to BestPlaces.net, the median home price in the area is $207,200 and the median household income is $47,890. This gives an overall cost of living index score of 94.2, which is slightly lower than the national average of 100. Renters can find decent one-bedroom apartments for around $900 a month and utility costs are also relatively low with electricity costing an average of 11 cents per kWh. In general, the cost of living in Norfolk is fairly reasonable and provides access to all that this vibrant city has to offer.