Cost of Living in Norfolk, CT

With a cost of living index of 95, Norfolk, CT is slightly more affordable than average. Living here is 5% cheaper than the national average and 30% below the Connecticut state average of 125. Norfolk is a small community of 608 residents.

Housing costs are the biggest factor in Norfolk's cost of living. The median monthly rent is $1,112 (16% below the US median of $1,319), and the median home value sits at $325,000 (7% above the national median of $304,900). At current prices, the median home costs roughly 3.8x the median household income — a moderately affordable ratio by today's standards.

The median household income in Norfolk is $85,313, which is 14% higher than the national median of $75,149. Residents spend roughly 16% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.