Housing costs in Norfolk?
A typical home costs
$351,200, which is 3.9% more expensive than the national average of
$338,100 and 2.3% more expensive than the average Virginia home, at
$343,200. Renting a two-bedroom unit in Norfolk costs
$1,300 per month, which is 7.1% 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 23517), Virginia, a minimum annual income of
$67,320 for a family, and
$44,400 for a single person is recommended.
What does A.I. say about Norfolk?
The cost of living in 23517 Norfolk, VA is fairly affordable compared to other cities. According to BestPlaces, the cost of living index for this area is 96.9 which is slightly below the U.S. average of 100. As a result, residents can expect lower housing and food prices than many other metropolitan areas. Transportation costs are also favorable with an average commute time of 21 minutes and access to numerous options for public transportation. Overall, the cost of living in 23517 Norfolk, VA makes it an attractive place to live for those looking for a budget-friendly lifestyle.