Norfolk cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
Cost of living index108108100
Goods & Services index110100100
Groceries index10496100
Health care index114100100
Housing index104130100
Transportation index10691100
Utilities index113101100
An overview of the general cost of living index for Norfolk, VA is displayed above for your reference. Residents in Norfolk, VA enjoy a cost of living index of 108. This index is equal to the Virginia average, and 8% higher than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Norfolk, VA, the average cost of goods and services is 11% higher than it is in Virginia, and it is 10% higher than the national average.

Did you know?

  • The cost of living in Norfolk is equal to the Virginia average.
  • The cost of living in Norfolk is 8% higher than the national average.
  • The cost of housing in Norfolk is 4% higher than the national average.
  • Virginia general sales tax is 4% higher than the national average.
  • Virginia state income tax is 10% lower than the national average.

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Salary Calculator

This is how much you would need to earn in
Price difference in compared to
Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator allows you to compare how much your current salary in Norfolk, VA would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Norfolk, VA, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Norfolk, VA salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
The affordability of the housing market in Norfolk, VA as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Norfolk, VA homeowners, the median income is $66,229. This indicates that a monthly maximum of $1,545 should be spent by homeowners on all housing related costs. Renters have a median income of $32,486. This indicates that renters should have a maximum of $758 used for their rent related monthly costs.

Virginia Sales Tax

StateGeneral Sales TaxWith Max Surtax

Virginia Income Tax

StateIncome Tax (Low)Income Tax (High)
When assessing the complete cost of living in Norfolk, VA, the Virginia income tax and the Virginia sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Virginia maximum surtax is 6%, and the Virginia sales tax is 5.3%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 2% to 5.75% in Virginia.

Goods & Services

ItemNorfolkNational avg.Difference
Haircut $12.00$16.0925.4%
Beauty Salon $35.00$37.336.2%
Toothpaste $2.47$2.450.9%
Shampoo $0.98$1.001.7%
Movie $11.00$10.287.0%
Bowling $6.25$4.9326.7%


ItemNorfolkNational avg.Difference
Ground Beef $3.12$3.8018.0%
Fried Chicken $1.27$1.409.1%
Milk $2.05$2.011.9%
Potatoes $3.34$3.0111.0%
Pizza $8.99$9.899.1%
Beer $8.63$8.903.0%

Health Care

ItemNorfolkNational avg.Difference
Optometrist $96.67$102.165.4%
Doctor $128.89$108.3618.9%
Dentist $113.78$92.5323.0%
Ibuprofen $8.99$9.283.1%
Lipitor $432.03$425.821.5%


ItemNorfolkNational avg.Difference
Home Price $193,100.00$184,700.004.5%
Avg. Mortgage Payment $1,193.99$1,202.440.7%
Apartment Rent $980.00$949.003.3%


ItemNorfolkNational avg.Difference
Gasoline $2.28$2.241.7%
Tire Balancing $53.33$46.2915.2%


ItemNorfolkNational avg.Difference
All Electricity$186.28$165.9612.2%
Phone $33.07$28.6815.3%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Portsmouth, VA96,0711055%
Hampton, VA136,7891000%
Chesapeake, VA233,19411717%
Norfolk, VA245,7241088%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Madison, WI246,0341088%
Lubbock, TX244,50788-12%
Irvine, CA246,99217979%
Chandler, AZ242,1311066%
Glendale, AZ239,94393-7%
Norfolk, VA245,7241088%
Source: The Norfolk, VA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.