Moving to Norfolk, VA in 2023? Complete Moving Guide

Cost of Living in Norfolk, VA

The cost of living in Norfolk is 85.4. The U.S. average is 100. This means that Virginia’s cost of living is 14.6 times lower than the U.S. average.

The following is a simple breakdown of the key elements that make up the city’s cost of living since you’re considering moving to Norfolk:

• Norfolk’s overall cost of living is 91.8. Virginia’s average is 103.7
• Norfolk’s average cost of utilities is 96.7. Virginia’s average is 99.3
• Norfolk’s healthcare cost is rated 109. The state’s average is 102.4
• Norfolk’s median home cost is $242,400. The U.S. average is $291,700
• Norfolk’s cost of groceries is 97.8. Virginia’s average is 99.6
• Norfolk’s average cost of transportation is 82.4. The U.S. average is 99.4

How Is The Housing Market In Norfolk, VA?

Buying a home might be your preferred housing choice if you’re moving to Norfolk, VA. Currently, there are more homeowners in the city than renters. To give you an idea of what to expect, we collated key stats about the city’s housing market since you’re considering moving to Norfolk, Virginia.

• Norfolk’s median home cost is $242,400
• Over the last 10 years, Norfolk’s home values increased by 25.9%
• Norfolk home appreciation is up by 11.6%
• Around 50.6% of Norfolk residents are renters
• In Norfolk, about 3.6% of apartments and homes are open to rent

Average Rental Prices In Norfolk, Virginia

Renting a home after moving to Norfolk, VA can be a good housing option. The type of home you want and the location you choose will determine the rent you’ll have to pay. Here’s a quick breakdown of the average cost of renting a home in Norfolk:

• Norfolk’s average rent for a studio apartment is $954
• Norfolk’s average rent for a 1-bedroom home or apartment is $975
• Norfolk’s average rent for a 2-bedroom home or apartment is $1146
• Norfolk’s average rent for a 3-bedroom home or apartment is $1,610
• Norfolk’s average rent for a 4-bedroom home or apartment is $1,961

How Is The Job Market In Norfolk, Virginia?

Getting a job in Norfolk is easier compared to other similar-sized cities across the country.

If you’re interested in moving to Norfolk and getting a new job, the following are key stats to note:

• Norfolk’s unemployment rate is 3.3%. The American average is 3.5% (August 2023)
• Norfolk’s job market is currently recording positive growth
• Norfolk’s jobs have grown by 2.6% over the past year
• Norfolk’s future job growth is predicted to hit 32.36%

Fastest Growing Jobs In Norfolk, Virginia

If you’re interested in getting a job faster, you shouldn’t hesitate to take a look at the fastest-growing jobs in Norfolk. The following are the top ten fastest-growing jobs in the city since you’re considering moving to Norfolk, VA.

Top career options in Norfolk, Virginia

Anesthesiologists and Cardiologist are the highest paying jobs in Norfolk, VA. If you’re moving to Norfolk, you’ll most likely be interested in the city’s highest-paying jobs. The following are the city’s highest-paying jobs since you’re considering moving to Norfolk:

Taxes in Virginia?

Taxes in Virginia aren’t rated among the highest in the entire United States.

However, depending on where you’re moving from, you may end up paying a higher or lower amount in taxes by moving to Virginia. The good news is that most taxes in Virginia are lower than the national average.

Since you’re considering moving to Virginia, we’ve collated relevant information about key taxes in the state to help you make a fair comparison.

• Virginia’s income tax is 2% - 5.75%
• Sales tax in Virginia is 5.35 – 7%
• The average effective rate of property taxes in Virginia is 0.80%
• Gas tax in Virginia is 21.95 cents per gallon of regular gasoline
• Virginia gas tax is 26.02 cents per gallon of diesel

What Are the Best Things to Do in Norfolk, Virginia?

There are no dull moments in Norfolk. You’ll find lots of exciting things to do and beautiful places and attractions to visit. The following are the best things to do in the city if you’re moving to Norfolk, Virginia.There are no dull moments in Norfolk. You’ll find lots of exciting things to do and beautiful places and attractions to visit. The following are the best things to do in the city if you’re moving to Norfolk, Virginia.

• Get back to nature at Norfolk Botanical Garden
• Sail and dine on the Spirit of Norfolk
• Visit the Chrysler Museum of Art
• Tour the city by bike
• Solve challenges at Escape2Win
• Watch baseball at Harbor Park Stadium
• Attend a festival in Town Point Park
• Go wild at Virginia Zoo
• Visit Virginia Aquarium and Marine Science Center
• Cruise around a naval base on the Victory Rover
• Watch the sunset at Ocean View and East Beach
• Zoom down slides at Ocean Breeze Waterpark
• Get the party started on a pedal tour
• Become an expert mermaid spotter
• Ride the log flume at Busch Gardens

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What Are the Top Schools in the Norfolk, VA?

You’ll find some of the best schools in Virginia in Norfolk. The city is home to many leading elementary, middle, and high schools as well as universities and colleges.