Norfolk, Virginia has an overall cost of living index of 97.7, which is 2.3 points below the US average of 100 — making it about average versus most American cities. Renters pay a median of $1,321 per month, while the typical home is valued around $289,900. Households earn a median of $66,109 per year, leaving rent at a manageable share of income for many residents. Air quality is good, with an average AQI of 45. Below: housing costs, local wages by occupation, neighborhoods, climate, jobs and major industries, and healthcare access — all drawn from US Census, BEA, BLS, HUD, EPA, and NOAA data.
$66,109
Median Income / yr
Census ACS
$1,321
Median Rent / mo
Census ACS
$289,900
Median Home Value
Census ACS
97.7
Cost of Living Index
1BR Fair Market Rent
N/A
HUD · FY2024
2BR Fair Market Rent
N/A
HUD · FY2024
3BR Fair Market Rent
N/A
HUD · FY2024
Fair Market Rent is the 40th percentile of gross rents in the metro area · HUD FY2024
Each category indexed to the US average of 100. Below 100 = cheaper than average.
Overall
97.7
Goods
97.1
Rents / Housing
97.7
Services
88.4
Source: BEA Regional Price Parities (metro-level)
| Occupation | Median Annual Wage |
|---|---|
| Software Developer | $125,540 |
| Registered Nurse | $87,630 |
| Elementary Teacher | $69,150 |
| Electrician | $60,850 |
| Accountant | $85,780 |
| Plumber | $57,890 |
| Nurse Practitioner | $260,560 |
| Civil Engineer | $95,800 |
| Operations Manager | $120,370 |
| Market Research Analyst | $75,750 |
| Health Services Manager | $129,210 |
| Truck Driver | $51,360 |
| Physician Assistant | N/A |
| Surgeon | N/A |
| Data Scientist | N/A |
| Computer Engineer | $131,120 |
Source: BLS OEWS 2023 (metro-level data)
Population
233,596
Latest estimate
Median Age
32.7 yrs
Census ACS
45.0
Good0 = clean · 50 = moderate boundary · lower is better
Source: EPA AirNow
Total Neighborhoods
15
Tracked in our database
Avg Walk Score
N/A
0–100 scale
Avg Median Rent
$1,282
Per month
Avg Home Value
$291,623
Census ACS
| Neighborhood | Walk Score | Median Rent | Home Value |
|---|---|---|---|
| ZIP 23462 | — | $1,580 | $258,500 |
| ZIP 23502 | — | $1,238 | $242,000 |
| ZIP 23503 | — | $1,160 | $251,000 |
| ZIP 23504 | — | $883 | $243,200 |
| ZIP 23505 | — | $1,206 | $315,000 |
| ZIP 23507 | — | $1,362 | $503,300 |
| ZIP 23508 | — | $1,342 | $379,300 |
| ZIP 23509 | — | $1,204 | $226,700 |
| ZIP 23510 | — | $1,423 | $342,700 |
| ZIP 23511 | — | $1,895 | — |
Showing top 10 of 15 tracked neighborhoods.
January Avg
42°F
July Avg
81°F
Sunny Days / Year
—
Annual Snowfall
—
Climate category: Temperate · Source: NOAA/NCEI 30-year normals.
Healthcare Score
31.0
poor
Hospitals
3
Doctors per 1,000
1.00
Insurance Coverage
90.9%
Norfolk has a Regional Price Parity (RPP) index of 97.7. The US national average is 100, so Norfolk is 2.3 points below the national average.
The median gross rent in Norfolk is $1,321 per month according to US Census ACS data.
The median household income in Norfolk is $66,109 per year.
The median home value in Norfolk is $289,900 based on the latest Census ACS survey.
Norfolk has an average Air Quality Index (AQI) of 45.0, which is rated "Good" by the EPA. Lower AQI values indicate cleaner air.
Tax data for Virginia is not yet available.
Data last updated: June 1, 2026 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology
