Pros and Cons of Living In Norfolk, Virginia. Is Norfolk, VA a Nice Place To Live or Retire?

Norfolk, Virginia

Moving to Norfolk In Virginia ? Is Norfolk, VA a Nice Place To Live? Pros and Cons of Living in Norfolk, Virginia. Find out the best and worst about to live, raise a family or retire in Norfolk.

Norfolk ( NOR-fuuk, locally NAW-fik) is an independent city in Virginia, United States. As of the 2020 census, Norfolk had a population of 238,005, making it the third-most populous city in Virginia after neighboring Virginia Beach and Chesapeake, and the 95th-most populous city in the nation. Norfolk holds a strategic position as the historical, urban, financial, and cultural center of the Hampton Roads region (sometimes called "Tidewater"), which has more than 1.8 million inhabitants and is the 37th-largest metropolitan area in the U.S., with ten cities.

Norfolk was...

DEMOGRAPHICS

Population
244300
Unemployment
8%
70% NAT AVG.
Poverty
17.8%
27% NAT AVG.
Cost Of Living
107
7% NAT AVG.

ECONOMICS

Median Home Cost
$215800
6% NAT AVG.
Median Income
$53026
21% NAT AVG.
Median Rent
$1077
7% NAT AVG.
Overall Score
5

CRIME REPORT

Total Crime
8134
43% NAT. AVG.
101% STATE AVG.
Violent Crime
1543
64% NAT. AVG.
205% STATE AVG.
Property Crime
6591
39% NAT. AVG.
87% STATE AVG.

SOCIO-ECONOMICS

People Living Below BPL
1 in 6
Unemployed People
1 in 13
People Earning < $10,000
1 in 12
People Earning < $50,000
46.8%
People With Any Degree
1 in 2.7

ETHNICITY

Ethnicity Norfolk USA
White 43.1% 60.1%
African American 40.1% 12.2%
American Indian 0.2% 0.6%
Asian 3.6% 5.6%
Hawaiian 0% 0.2%
Multiracial 4.3% 2.8%
Hispanic 8.4% 18.2%
Other 0.3% 0.3%

HOUSEHOLD INCOME

HOUSEHOLD INCOME Norfolk USA
Less than $10,000 8.4% 5.8%
$10,000 to $14,999 4.5% 4.1%
$15,000 to $24,999 9.8% 8.5%
$25,000 to $34,999 10.9% 8.6%
$35,000 to $49,999 13.2% 12.0%
$50,000 to $74,999 19.4% 17.2%
$75,000 to $99,999 12.3% 12.8%
$100,000 to $149,999 12.5% 15.6%
$150,000 to $199,999 4.8% 7.1%

EDUCATION

Education Norfolk USA
< 9th Grade 4% 5.0%
9-12th Grade 9% 7.0%
High School or GED 25% 27.0%
Other College 25% 20.0%
Associate's Degree 8% 9%
Bachelor's Degree 18% 20.0%
Master's Degree 8% 9.0%
Professional Degree 2% 2.0%
Doctorate Degree 1% 1.0%
Norfolk is a city in Virginia state in USA with a population of 244300 residents.. The poverty rate of Norfolk is 17.8%, which is 27% higher than national average. The typical household in Norfolk earns $53026 a year, compared to the national median of $67,500. Nearly 46.8% of households earn less than $50,000 a year compared to 39% national rate. The unemployment rate of Norfolk remained 8%, which is 70% higher than national rate. Nearly 2 times comparable to 4.7% national rate, according to the Census.

Cost of living in Norfolk is 107, which is 7% higher than national average. In Norfolk, only 29% of adults have a bachelor's degree and 33% have some college but no degree. Median home value in Norfolk is $215800 , which is 6% lower than national average. While median income in Norfolk remained $53026, which is 21% lower than national average.
Norfolk Scorecard

Jobs60%

Housing80%

Affordability50%

Safety40%

Amenities100%

Diversity95%

Education70%

THANKS FOR READING

Read this story and other stories in details on our Website.