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Cost of Living in Norfolk County

Is it better to rent or buy in Norfolk County? Explore median costs, utility estimates, and run the numbers on your own budget to see how far your income goes.

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Rent vs. Buy Affordability Calculator

Adjust the sliders to match your scenario. We recommend keeping total housing costs under 40% of your gross income.

$145,188
$2,150/mo

Median in area: $2,150

$784,123

Median in area: $784,123

$156,825

If you Rent

🔑
$2,408 /mo
Base Rent$2,150
Est. Utilities$258
% of Income19.9%
Pre-tax Residual$9,691

If you Buy

🏠
$5,139 /mo
P&I (6.817%)$4,097
Taxes & Ins$784
Est. Utilities$258
% of Income42.5%
Pre-tax Residual$6,960

Compare Nearby Areas

See how Norfolk County stacks up against neighboring areas.

countyWorcester County, MA
$1,527/mo
countyBristol County, MA
$1,397/mo
countyMiddlesex County, MA
$2,194/mo
countySuffolk County, MA
$2,079/mo
countyPlymouth County, MA
$1,815/mo

Cost of Living FAQs

Is it cheaper to rent or buy in Norfolk County?›

Based on median housing data, renting is currently more affordable on a monthly basis in Norfolk County. The estimated all-in monthly cost for renting is $2,408, while owning a median-priced home with a 20% down payment is roughly $5,139 per month (a difference of $2,731).

How much do utilities cost in Norfolk County?›

The average monthly utility cost (electricity and natural gas) for a typical home in Norfolk County is approximately $258. This estimate uses local utility rate schedules combined with median energy consumption profiles.

What is a good salary to live comfortably in Norfolk County?›

To comfortably afford the median rent and utilities in Norfolk County without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $96,320 per year.