Median rent is 25% lower in Norfolk ($1,246/mo vs $1,655/mo). Buying is cheaper in Norfolk, where the median home runs $271,900 versus $512,700. Households earn more in Austin ($91,461 vs $64,017 a year). Taken together, Norfolk is the more affordable choice with a cost index of 97.9 against 98.8 — about 1% lower overall prices. After adjusting income for local prices, a typical paycheck stretches further in Austin, TX.
Quick verdict
Norfolk is 1% cheaper overall
Cost index: 97.9 in Norfolk vs 98.8 in Austin (US average = 100)
City A
Austin, TX
City B
Norfolk, VA
How much would you need to earn in Norfolk, VA to maintain your standard of living from Austin, TX?
Equivalent salary in Norfolk, VA
$74,313
You could earn $687 less (1% lower) and break even.
Based on BEA Regional Price Parity (cost index) for each city's metro area. A rough estimate of overall purchasing power, not tax or take-home pay.
Metric
Austin
Texas
Norfolk
Virginia
👥Population
💰Median Household Income
Annual
🏠Median Gross Rent
Per month
🏡Median Home Value
📊Cost of Living Index
US avg = 100
🔑1BR Fair Market Rent
HUD FMR
🔑2BR Fair Market Rent
HUD FMR
🔑3BR Fair Market Rent
HUD FMR
🌬️Air Quality Index
Lower = cleaner
🏛️Top State Income Tax
Top marginal rate
🧾State Sales Tax
Statewide base rate
🎂Median Age
Years
✓ = better value · Sources: US Census ACS, BEA RPP, HUD FMR, EPA AirNow, Tax Foundation
Renters will find significantly cheaper housing in Norfolk — median rent of $1,246/mo versus $1,655/mo in Austin, a 25% difference. Home buyers face a steeper market in Austin: the median home is $512,700 versus $271,900 in Norfolk — 47% more expensive.
1BR Fair Market Rent
2BR Fair Market Rent
BLS OEWS 2023 — metro-level data
Texas has no state income tax, while Virginia tops out at 5.75% — giving Austin a clear advantage for high earners. Sales tax is 6.25% in Texas and 5.30% in Virginia; Norfolk has the lower rate (local add-ons may apply in both).
Austin
Income tax: None
Sales tax: 6.25%
Norfolk
Income tax: 5.75%
Sales tax: 5.30%
Austin has cleaner air on average: 47.0 AQI (Good) compared to 55.0 AQI (Moderate) in the other city. Lower AQI means cleaner, healthier air.
Pick Austin if you prioritize higher median household income ($91,461/yr).
Pick Norfolk if you prioritize cheaper rent ($1,246/mo median).
Pick Austin if you prioritize cleaner air quality (avg AQI 47.0).
Pick Austin if you prioritize no state income tax.
Is Austin cheaper than Norfolk?
Norfolk is cheaper overall, with a cost of living index of 97.9 versus 98.8 (US average = 100). That means prices run about 1% lower in Norfolk.
How much is rent in Austin vs Norfolk?
Median rent is $1,655/mo in Austin, TX and $1,246/mo in Norfolk, VA. Norfolk, VA has the lower rent by about 25%.
Which has higher salaries — Austin or Norfolk?
Median household income is $91,461 in Austin, TX and $64,017 in Norfolk, VA. Austin, TX has the higher median income. Note that BLS occupational wages in the table above show wages for specific jobs.
Which city has better air quality?
Austin, TX has better air quality on average: 47.0 AQI versus 55.0 AQI. Both are EPA AirNow annual averages; lower is better.
Which has lower taxes — Austin or Norfolk?
Texas has no state income tax. Virginia has a top rate of 5.75%.
What salary do I need in Norfolk to match my Austin income?
To maintain the same purchasing power, a salary of $100,000 in Austin, TX is equivalent to roughly $99,084 in Norfolk, VA (using the BEA Regional Price Parity ratio). Use the salary calculator above for any income amount.
Data last updated: December 1, 2024 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology