Cost of Living in Norwalk, CT
Population 92,187 · Census ACS 2020–2024 5-year estimates
The median rent in Norwalk, CT is $2,073/month, 39% higher than the Connecticut median and 47% higher than the U.S. median. The median home value is $558,000, 68% higher than the national median. Households earn a median of $107,616 a year, 12% higher than the state median.
Affordability
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Norwalk vs. Connecticut vs. U.S.
| Norwalk | Connecticut | U.S. | |
|---|---|---|---|
| Median rent | $2,073 | $1,488 | $1,413 |
| Median home value | $558,000 | $366,900 | $332,700 |
| Median household income | $107,616 | $95,781 | $80,734 |
| Homeownership rate | 55.6% | 66.5% | 65.2% |
| Bachelor's degree or higher | 44.8% | 42.5% | 35.7% |
| Poverty rate | 9.1% | 10.0% | 12.5% |
| Unemployment rate | 5.2% | 5.6% | 5.2% |
| Work from home | 15.1% | 16.0% | 15.1% |
| Median age | 40.6 | 41.1 | 38.9 |
FAQ
What is the average rent in Norwalk, CT?
The median gross rent in Norwalk, CT is $2,073 per month (ACS 2020–2024 5-year estimate).
How much do I need to earn to live in Norwalk, CT?
Using the common 30% rule, renting a median-priced home takes about $82,920 a year in gross income.
Is Norwalk, CT expensive to live in?
Rent there is 47% higher than the U.S. median, and the median home costs about 5.2 times the median household income.
Other cities in Connecticut
Cities with a similar cost of living
Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
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