Cost of Living in Norfolk, NE
Housing
The housing market plays a significant role in determining the cost of living in Norfolk, NE.
- Housing Index: 90.5 / 100
- Median Home Price is: $183000
- Average Rent (2 BR Apartment): $800 per month
- Average Rent (2 BR House): $864 per month
When considering a move to Norfolk, NE, the housing index of 90.5 indicates a favorable market, suggesting that it's an affordable option compared to many regions. The median home price of 183000 is attractive for first-time homebuyers, while rental prices for a 2-bedroom apartment at 800 and a house at 864 provide flexibility for those not yet ready to buy. Overall, this data signals that Norfolk offers a cost-effective housing solution, making it a compelling choice for new residents looking for great value in their living situation.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Norfolk, NE.
- Electricity Price: $12.92 USD (median by state)
- Natural Gas Price: $13.89 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Norfolk, NE could entail higher utility costs. Electricity costs sit at $12.92, while natural gas is priced at $13.89 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Norfolk is a financially viable option for your relocation.