Cost of Living in Norwalk, CT
Housing
The housing market plays a significant role in determining the cost of living in Norwalk, CT.
- Housing Index: 125.0 / 100
- Median Home Price is: $486,500
- Average Rent (2 BR Apartment): $2400 per month
- Average Rent (2 BR House): $2450 per month
When considering a move to Norwalk, CT, the housing market presents a significant investment opportunity. With a housing index of 125.0, it reflects a competitive environment. The median home price stands at 486500, suggesting that homeownership here may require a substantial financial commitment. Meanwhile, the average rent for a 2-bedroom apartment is 2400, and for a 2-bedroom house, it is 2450, which are relatively high, indicating demand. Moving to {!!city!!} may lead to long-term appreciation; however, renting offers a viable short-term option. Make sure to consider what best fits your lifestyle and financial goals.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Norwalk, CT.
- Electricity Price: $26 USD (median by state)
- Natural Gas Price: Data is updating (median by state)
- Other Utilities (water, garbage, etc.): $290 per month
Living in Norwalk, CT could entail higher utility costs. Electricity costs sit at $26, while natural gas is priced at data unavailable per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $290 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 Norwalk is a financially viable option for your relocation.