Cost of Living in Norfolk, VA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
112.7
100 = national avg
+12.7 vs national average
Living Wage (1 Adult)
$49,608
per year
Living Wage (Family of 4)
$117,255
per year
Cost Index by Category
Housing137.9
Food98.9
Transportation95.6
Healthcare99.1
Utilities106.9
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,512
per month
2 Bedroom
$1,713
per month
The overall cost of living index in Norfolk is 112.7, which is 12.7% above the national average. Housing costs are above the national average at an index of 137.9. A single adult needs to earn approximately $49,608 per year to cover basic expenses.