States › Connecticut › Norwalk

Is Norwalk, CT expensive to live in?

OKRent takes 26 cents of every $1 people earn here.
🏠 Rent per month (2026)$2,48842% higher than U.S. average
💵 Families earn per year (2026)$116,064about $9,672/month · 33% higher than U.S. average
🔑 House price$558,00068% higher than U.S. average

Rent is higher than in 85% of U.S. cities. A typical house costs about 4.8 years of household income.

How much money do I need?

To rent here comfortably, you should earn about $99,520 a year. That is $48 an hour at a full-time job.

Is rent cheaper than other Connecticut cities?

No. Rent here is more expensive than in most of Connecticut. It is number 48 of 64 cities from cheapest to most expensive.

Norwalk
$2,488
Danbury
$2,440
New Britain
$1,652
Waterbury
$1,534
Hartford
$1,532
West Hartford
$2,274
New Haven
$2,010

How much do households earn in Norwalk?

Under $25k
10.2%
$25k–50k
15.3%
$50k–100k
28.5%
$100k–150k
20.7%
$150k+
22.3%

Share of households by yearly income. 42.9% of households earn $100,000 or more.

Rent by apartment size in Norwalk

SizeNorwalkU.S. average
Studio$1,700$1,338
1 bedroom$2,083$1,324
2 bedrooms$2,412$1,509
3 bedrooms$2,645$1,698
4 bedrooms$3,787$2,098

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Norwalk overall?

Everyday prices in Connecticut overall are 4% above the U.S. average (index 103.6, U.S. = 100).

Housing
117
Goods (food, clothes…)
97
Utilities
146
Other services
103
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Norwalk, so the Connecticut figure is shown.

Taxes and bills in Norwalk

🏛️ Property tax$7,817a year · 1.40% of home value · U.S. $3,119
⚡ Electric bill$179a month (typical) · U.S. $156

Life in Norwalk

Commute to work27.1 minU.S.: 26.4 min
College degree44.8%U.S.: 35.7%
Own their home55.6%U.S.: 65.2%
Below poverty line9.1%U.S.: 12.5%
Unemployment5.2%U.S.: 5.2%

Is it cheaper to rent or buy in Norwalk?

Renting is cheaper right now: about $1,384 a month less.

Renting
$2,488
Owning
$3,872

Owning assumes a typical $558,000 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $55,800 for the down payment.

Frequently asked questions

What is the average rent in Norwalk, CT?

Renting in Norwalk costs a median of about $2,488 a month in 2026, including utilities. The Connecticut median is $1,920.

How much do I need to make to live in Norwalk?

To keep rent under 30% of income, you need about $99,520 a year, or $48 an hour at a full-time job.

Is Norwalk cheap or expensive?

Norwalk is rated OK: rent takes 25.7% of the typical household income of $116,064. It ranks 48th cheapest of 64 Connecticut cities we track.

How much are property taxes in Norwalk?

The median homeowner in Norwalk pays $7,817 a year in property taxes, about 1.40% of the median home value.

Is Norwalk more expensive than the national average?

Overall prices in Connecticut are 4% above the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Norwalk?

The median home value in Norwalk is $558,000, about 4.8 times the typical yearly household income.

92,187 people live in Norwalk. Numbers are typical (middle) values.