Housing costs in Norfolk?
A typical home costs
$209,500, which is 38.0% less expensive than the national average of
$338,100 and 39.0% less expensive than the average Virginia home, at
$343,200. Renting a two-bedroom unit in Norfolk costs
$1,060 per month, which is 24.3% cheaper than the national average of
$1,400 and 24.5% cheaper than the state average of
$1,320.
Can I afford Norfolk?
To live comfortably in Norfolk (zip 23523), Virginia, a minimum annual income of
$40,320 for a family, and
$36,400 for a single person is recommended.
What does A.I. say about Norfolk?
The cost of living in 23523 Norfolk, VA is generally higher than the national average. According to BestPlaces, a site that collects user-reported data on prices around the world, housing in 23523 is about 12% more expensive than the U.S. average. Utilities and groceries are also slightly more expensive than the average for the country as a whole. Despite these higher costs, however, 23523 Norfolk is still quite affordable compared to other cities in Virginia and across the United States. In fact, according to Sperling's Best Places, it's even cheaper than nearby Hampton and Newport News. All things considered, living in 23523 Norfolk provides access to plenty of amenities without breaking your budget.