| Index | Norfolk | Nebraska | National |
| Cost of living | 92 | 91 | 100 |
| Groceries | 96 | 97 | 100 |
| Health care | 98 | 98 | 100 |
| Housing | 84 | 76 | 100 |
| Transportation | 98 | 99 | 100 |
| Utilities | 91 | 96 | 100 |
| Lifestyle & Entertainment | 92 | 97 | 100 |
| Household Items | 96 | 98 | 100 |
| Education & Childcare | 96 | 96 | 100 |
Getting a feel for the cost of living in Norfolk is essential for anyone planning to relocate, as it empowers them to make informed financial decisions, secure a comfortable lifestyle and maintain financial stability in their new environment. The cost of living in Norfolk is 92, which is 8% lower than the national average. Relocating individuals may need to adjust their savings and investment strategies based on the cost of living in the new location. It influences decisions about retirement planning, investments and financial goals.
The cost of living in Norfolk is about average when compared to all other cities across the nation. You can expect that everyday items like food, household expenses and utility bills will be no more expensive than any other average city. Residents can anticipate living expenses that remain in line with the national average, ensuring a manageable financial burden, making it an attractive choice for those seeking affordability without the constraints of higher everyday expenditures.
Nobody knows their city better than the people who actually live there. So, we asked 114 local residents how they would rate the cost of living in Norfolk and this is how they responded. 43% of people said that the cost of living was affordable, with prices decreasing, while 57% of people said that the cost of living was very expensive and prices continue to rise.
Is Norfolk an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in Norfolk is 12.2% lower than the national average, while the average monthly rent prices are 26.5% lower than average. The affordability of any location can also be influenced by median income levels. Norfolk has a median household income of $74,063, which is 8.9% lower than the national average.
Subsidies: Certain cities or states may institute government subsidies or assistance programs designed to alleviate the financial burdens associated with the cost of living for their residents. These programs encompass a variety of support mechanisms, including Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and farm subsidies. Areas that provide fewer subsidies may see an uptick in their overall cost of living.
Healthcare: Healthcare costs and insurance premiums can undergo substantial fluctuations based on the city or state of residence. Elements such as the availability of healthcare facilities, out-of-pocket costs for medical consultations, dental expenses, prescription medication charges and specialized medical care fees all contribute to variations in the cost of living. In Norfolk, healthcare costs are 1.6% lower than the national average.
Utilities: Like everything else, utilities costs can range significantly depending on factors like climate, energy sources available, location and even state regulations. Things like electricity, water, heating and waste disposal costs can be higher or lower, depending on the city or state. The utilities index in Norfolk comes in at 8.7% lower than the national average.
The cost of living data for Norfolk shown above is based on a U.S. average baseline score of 100, making it easier to compare how far your dollar may go from one city to another. Housing uses U.S. Census home price and rental data, while all remaining values are AI-assisted estimates informed by regional pricing, climate, transportation dynamics, and local economic factors. These scores are best used for directional comparisons between cities.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $95,770 | $7,981 | $2,234 | $2,873 |
| Renters | $44,162 | $3,680 | $1,030 | $1,325 |
| State | General Sales Tax | With Max Surtax |
| Nebraska | 5.5% | 7.5% |
| State | Income Tax (Low) | Income Tax (High) |
| Nebraska | 2.46% | 6.64% |
| City | Population | Cost of Living Index | National Avg. |
| Winside, NE | 631 | 82 | 18.3% |
| Hoskins, NE | 305 | 83 | 16.7% |
| Madison, NE | 2,325 | 84 | 16.0% |
| Stanton, NE | 1,914 | 85 | 14.6% |
| Pierce, NE | 2,019 | 87 | 13.3% |
| Norfolk, NE | 25,122 | 92 | 7.9% |
| City | Population | Cost of Living Index | National Avg. |
| Wilsonville, OR | 25,121 | 136 | 36.0% |
| Herndon, VA | 25,119 | 145 | 44.7% |
| Loma Linda, CA | 25,144 | 140 | 39.9% |
| Norton Shores, MI | 25,151 | 95 | 5.2% |
| Palm River-Clair Mel, FL | 25,085 | 100 | 0.0% |
| Norfolk, NE | 25,122 | 92 | 7.9% |
Here are the best places to live in Nebraska
Check out the 10 safest cities in Nebraska
Safest States In The US
These are the 10 cheapest cities in Nebraska