Cost of Living in Norfolk, NE

Population 25,962 · Nebraska · Data vintage 2023

65
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

The Norfolk cost-of-living profile is closer to the US median than most headline-grabbing metros — typical homes around $199,000, rents near $850 a month. The labor market has been unusually tight, with unemployment around 2.7% — below most comparable cities in the state.

Norfolk lies roughly 90 miles northwest of the nearest major metro, Omaha — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 13% lower than Omaha's $230,000.

Cost Overview

Housing 65
Rent 65

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Norfolk

The median home value in Norfolk is $199,100 — 35% below the national median of $305,000. Median rent runs $850/month, 35% lower than the national median of $1,314/month. The median household income of $62,175/year is 17% lower than the US median of $74,580. The local unemployment rate is 2.7%, below the national average of 4.8%. Nebraska's top state income tax rate is 5.8% and the combined sales tax is 6.9%. Overall, Norfolk has a cost of living index of 65 versus the US average of 100, meaning it is 35% less expensive.

🏠 Housing

Median Home Value
$199,100
35% below avg
Zillow Home Value
$250,503
Zillow ZHVI
Median Rent
$850/mo
35% below avg
Zillow Rent
$1,250/mo
Zillow ZORI
Price-to-Rent Ratio
19.5x
Favors buying
Property Tax Rate
1.7%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$622
1 BR
$703
2 BR
$907
3 BR
$1,155
4 BR
$1,220
Owner-occupied 63.2%
Renter-occupied 36.8%

💰 Estimated Monthly Budget

Rent median rent
$850
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,464/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
14.3 min
47% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
4.8%

Commute Mode

Drove alone
80.5%
Carpooled
10.9%
Public transit
0.3%
Walked
1.8%
Bicycle
0.1%
Work from home
4.8%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax 5.8%
Total Sales Tax 6.9%
State rate 5.5%
Avg local rate 1.4%
Property Tax 1.7%

💼 Income & Employment

Median Household Income
$62,175
17% below avg
Per Capita Income
$36,287
Unemployment Rate
2.7%
44% below avg
Poverty Rate
12.7%
Labor Force Participation
69.2%

🎓 Education

Bachelor's degree+ 15.1%
Graduate degree 8.9%

👥 Demographics

Median Age 37.4
Male median age 36.8
Female median age 38.3

🏫 Schools

NCES CCD 2019 — public school district data

92%
4-Year Graduation Rate
16.2:1
Student-teacher ratio
12
Public schools
4,573
Total enrollment

Frequently Asked Questions

What is the cost of living in Norfolk, NE?

Norfolk has a cost index of 65 (100 = national average). It is 35% below the national average.

What is average rent in Norfolk, NE?

The median gross rent in Norfolk is $850 per month based on 2023 Census data.

What is the average home price in Norfolk?

The median home value in Norfolk is $199,100 according to Zillow and Census data.

What is the median income in Norfolk?

The median household income in Norfolk is $62,175 per year (2023 ACS 5-year estimates).

What is the sales tax in Norfolk, NE?

The combined state and local sales tax rate in Norfolk is 6.9%. The Nebraska state income tax top rate is 5.8%.

Is Norfolk, NE affordable?

Yes, Norfolk is generally considered affordable, with a cost of living index of 65 — about 35% below the US national average of 100.

Norfolk at a Glance

Population
25,962
Median Income
$62,175
Home Value
$199,100
Median Rent
$850/mo
Unemployment
2.7%
Sales Tax
6.9%
View all cities in Nebraska →
🗺️ County data for Nebraska

Explore county-level cost of living data

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