Cost of Living in Norwalk
Summary: If you are thinking about moving to Norwalk, here is an overview of the cost of living there.
Norwalk, is a city located within the New York metropolitan area and offers a diverse range of living options, from coastal homes to more urban settings. The cost of living in Norwalk is higher than the national average, largely due to the housing market and its proximity to New York City. Housing prices in Norwalk can vary significantly depending on the neighborhood and proximity to amenities such as the coastline or the Metro-North Railroad, which provides easy access to New York City.
As of my knowledge cutoff in early 2023, the median home price in Norwalk for a 3-bedroom home is approximately $500,000 to $600,000, while a 4-bedroom home may range from $600,000 to $800,000 or more, depending on the location and condition of the property. Apartment rentals for a 1-bedroom can range from $1,800 to $2,500 per month, while a 2-bedroom apartment might cost between $2,200 and $3,500 per month. Purchasing an apartment or a condo in Norwalk can vary widely, with prices starting around $200,000 for a modest unit and climbing to $1 million or more for luxury waterfront properties.
When it comes to dining out, Norwalk offers a variety of restaurants ranging from casual eateries to upscale dining experiences. A meal at an inexpensive restaurant might cost around $15 to $25 per person, while a three-course meal at a mid-range restaurant could be between $50 and $80 per person. Utilities, including electricity, heating, cooling, water, and garbage, for a standard 85m² apartment, are typically around $200 to $300 per month, depending on usage and the time of year.
Private school tuition in Norwalk varies by the level of education and the institution. For preschools, annual tuition can range from $10,000 to $20,000. Elementary schools might charge between $15,000 and $30,000 per year, while middle and high schools can cost anywhere from $20,000 to $40,000 annually. These figures can fluctuate based on the school's reputation, facilities, and the educational programs offered.
Item | Cost |
---|---|
3-Bedroom Home Purchase | $500,000 - $600,000 |
4-Bedroom Home Purchase | $600,000 - $800,000+ |
1-Bedroom Apartment Rental | $1,800 - $2,500/month |
2-Bedroom Apartment Rental | $2,200 - $3,500/month |
Apartment Purchase | $200,000 - $1,000,000+ |
Inexpensive Restaurant Meal | $15 - $25 |
Mid-Range Restaurant 3-Course Meal | $50 - $80 |
Monthly Utilities (85m² Apartment) | $200 - $300 |
Private Preschool Tuition (Annual) | $10,000 - $20,000 |
Private Elementary School Tuition (Annual) | $15,000 - $30,000 |
Private Middle School Tuition (Annual) | $20,000 - $40,000 |
Private High School Tuition (Annual) | $20,000 - $40,000 |
About the Author
Betsy Burlingame is one of the founders of BlueBurbia and the Founder and President of Expat Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange and BlueBurbia, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.
Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.
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