Norwalk, CT Cost Of Living
Cost Of Living In Norwalk, CT Summary
Cost of living in Norwalk research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Norwalk is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Connecticut, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Norwalk is 145, with 100 being the average.
The cost of living index in Norwalk is 1.4x higher than the national average.
Norwalk ranks as the #49 cheapest in Connecticut out of 56.
Norwalk ranks as the #5,566 cheapest out of 6,489 in the US.
The median home value in Norwalk is $642,542.
The median income in Norwalk is $105,301.
Table Of Contents
Norwalk's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Norwalk, CT?
According to the most recent data on the cost of living, Norwalk has an overall cost of living index of 145, which is 1.4x higher than the national index of 100.
Compared to Connecticut, Norwalk has a cost of living index that's 1.2x higher than Connecticut's index of 119.
The standard of living in Norwalk ranks as #49 most affordable out of the 56 places we measured in Connecticut. By definition, that implies Norwalk ranks as the #7 most expensive place in the Constitution State.
For more reading on life in Norwalk, check out:
In Connecticut
In America
Norwalk Cost Of Living Vs. Connecticut
Six factors go into calculating the cost of living index in Norwalk. Here is how it fairs on each of the criteria:
The Services index in Norwalk is 115.
The Groceries index in Norwalk is 106.
The Health index in Norwalk is 111.
The Housing index in Norwalk is 221.
The Transportation index in Norwalk is 104.
The Utilities index in Norwalk is 133.
| Living Expense | Norwalk | Connecticut | National Average | |
|---|---|---|---|---|
| Overall | 145 | 119 | 100 | |
| Services | 115 | 109 | 100 | |
| Groceries | 106 | 100 | 100 | |
| Health | 111 | 110 | 100 | |
| Housing | 221 | 137 | 100 | |
| Transportation | 104 | 101 | 100 | |
| Utilities | 133 | 131 | 100 | |
Norwalk, CT Housing Cost Breakdown
Housing swings affordability the most between places in Connecticut, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Norwalk is $642,542.
The Median Rent in Norwalk is $2,010.
The Median Income in Norwalk is $105,301.
The Home Value To Income in Norwalk is 6.1x.
The Rent To Monthly Income in Norwalk is 0.23x.
| Statistic | Norwalk | Connecticut | United States |
|---|---|---|---|
| Median Home Value | $642,542 | $430,086 | $303,400 |
| Median Rent | $2,010 | $1,431 | $1,348 |
| Median Income | $105,301 | $93,760 | $78,538 |
| Home Value To Income | 6.1x | 4.6x | 3.9x |
| Rent To Monthly Income | 0.23x | 0.18x | 0.21x |
Median Home Value
Median Rent
Median Income
Norwalk, CT Costs By Category
Detailed Norwalk Services Costs Vs. Connecticut
| Item | Norwalk | Connecticut |
|---|---|---|
| Shampoo | $1.5 | $1.28 |
| Movie | $13.76 | $12.13 |
| Bowling | $19.63 | $18 |
| Haircut | $32.33 | $24.26 |
| Beauty Salon | $48.56 | $45.56 |
Detailed Norwalk Groceries Costs Vs. Connecticut
| Item | Norwalk | Connecticut |
|---|---|---|
| Ground Beef | $6.34 | $5.84 |
| Fried Chicken | $1.61 | $1.57 |
| Milk | $4.73 | $4.67 |
| Potatoes | $5.03 | $4.93 |
| Pizza | $10.07 | $12.09 |
| Beer | $10.62 | $10.41 |
| Toothpaste | $3.66 | $3.7 |
Detailed Norwalk Health Costs Vs. Connecticut
| Item | Norwalk | Connecticut |
|---|---|---|
| Optometrist | $140.1 | $125.68 |
| Doctor | $143.23 | $135.78 |
| Dentist | $123.0 | $113.29 |
Detailed Norwalk Transportation Costs Vs. Connecticut
| Item | Norwalk | Connecticut |
|---|---|---|
| Gasoline | $3.33 | $3.46 |
| Tire Balancing | $57.68 | $59.92 |
Detailed Norwalk Utilities Costs Vs. Connecticut
| Item | Norwalk | Connecticut |
|---|---|---|
| All Electricity | $281.67 | $193.99 |
| Phone | $185.16 | $192.25 |
Norwalk SnackAbility
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Cost Of Living In Cities Around Norwalk
The cost of living varies in the cities and towns around Norwalk. Here's a quick look at the cost of living in the most populous nearby places:
Stamford, CT has a cost of living index of 159, 1.1x Norwalk.
Commack, NY has a cost of living index of 154, 1.1x Norwalk.
Smithtown, NY has a cost of living index of 157, 1.1x Norwalk.
| City | Population | Cost Of Living | Vs. Norwalk |
|---|---|---|---|
| Stamford, CT | 135,806 | 159 | 1.1x |
| Commack, NY | 36,353 | 154 | 1.1x |
| Smithtown, NY | 24,940 | 157 | 1.1x |
| Huntington, NY | 20,117 | 169 | 1.2x |
| Mamaroneck, NY | 19,840 | 166 | 1.1x |
| Syosset, NY | 18,274 | 182 | 1.3x |
| Stony Brook, NY | 12,827 | 152 | 1.0x |
| Rye Brook, NY | 9,884 | 186 | 1.3x |
| Riverside, CT | 9,216 | 277 | 1.9x |
| Pleasantville, NY | 7,395 | 176 | 1.2x |
