Cost of Living: Orem, UT vs Norfolk, VA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Orem | Norfolk |
|---|---|---|
| Housing Index | 110.0 | 110.0 |
| Median Home Price | $465,000 | $292,000 |
| Average Rent (2 BR Apartment) | $1600 | $1800 |
| Average Rent (2 BR House) | $1640 | $1840 |
Housing Comparison: Orem vs Norfolk
- In Orem, the median home price is higher at $465,000, while in Norfolk it is $292,000.
- In Norfolk, the rental for a two-bedroom apartment stands at $1,800, while it is $1,600 in Orem.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Orem | Norfolk |
|---|---|---|
| Electricity Price | $11.5 | $15.31 |
| Natural Gas Price | $14 | $19.91 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Orem vs Norfolk
- Norfolk has higher electricity costs at $15.31 per kWh, versus $11.5 in Orem.
- Norfolk experiences higher natural gas costs at $19.91 per unit, with costs at $14 in Orem.
- Utility expenses are equal in both Orem and Norfolk averaging $250.