Cost of Living in Norfolk, NE
Population: 25,962 • 2026 Data
$62,175
Median Household Income
-20% vs national
$850
Median Monthly Rent
-37% vs national
$199,100
Median Home Value
-41% vs national
2.7%
Unemployment Rate
Housing in Norfolk
The median home value in Norfolk, NE is $199,100. Monthly rent for a typical unit averages $850, while total monthly housing costs (including utilities and insurance) average $923.
Rent-to-income ratio: 16.4%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Norfolk, NE is $62,175. The unemployment rate stands at 2.7%, with a labor force of 14,051 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.