Comparing the 2024 ACS median household income of $66,109 against housing costs shows a median gross rent of $1,321 per month and a median owner-occupied home value of $289,900. Utilizing a uniform non-housing calculator baseline of $1,250 per month, these figures provide a baseline perspective on affordability. However, because citywide data cannot establish neighborhood safety, schools, weather, insurance, or job quality, whether Norfolk looks affordable depends on individual circumstances.
Norfolk at a glance
What the default budget models
A one-person renting household begins with a modeled annual core-cost baseline of $30,852. It combines the ACS median gross-rent estimate with a uniform $1,250 monthly non-housing baseline. State income tax is excluded until a current official reference is approved; the calculator labels that limitation instead of guessing.
| 2024 ACS population estimate | 233,596 |
| 2024 ACS median household income | $66,109 |
| 2024 ACS median gross rent | $1,321 |
| 2024 ACS median owner-occupied home value | $289,900 |
| Derived one-way commute estimate | 25 minutes |
| State-tax treatment | Excluded — official reference pending |
| Rent-to-income reference | 24% |
The trade-off
Relative strength: A median owner-occupied home value of $289,900.. Watch closely: a 25-minute derived commute against citywide medians..
Compare Norfolk
Frequently asked questions
What is the median household income in Norfolk according to the 2024 ACS?
The 2024 ACS 5-year estimates report a median household income of $66,109 for Norfolk, Virginia. Keep in mind that citywide data does not establish neighborhood safety, schools, weather, insurance, or job quality.
How much is the median gross rent in Norfolk?
The 2024 ACS 5-year median gross rent estimate is $1,321 per month. Note that ACS gross rent is not a live asking rent, and citywide metrics do not establish specific neighborhood conditions.
Source ledger
Every production input below is retained with its publisher and dataset. The ACS figures are five-year estimates, not live listings or guarantees.
- PopulationU.S. Census Bureau · 2024 ACS 5-Year B01003
- Median household incomeU.S. Census Bureau · 2024 ACS 5-Year B19013
- Median gross rentU.S. Census Bureau · 2024 ACS 5-Year B25064
- Median owner-occupied home valueU.S. Census Bureau · 2024 ACS 5-Year B25077
- Commute-time distributionU.S. Census Bureau · 2024 ACS 5-Year B08303
Interpretation: The ACS 2024 five-year estimates generally summarize observations across 2020–2024. The commute number is a weighted midpoint estimate from table B08303. State income tax is not included in the modeled take-home result. Verify a current address, quote, commute, and tax situation before making a decision.