Norfolk, VA — income, home value, property tax, and sales tax.
In ZIP code 23462, near Norfolk, households bring in a median of $69,040 a year, while per-capita income sits at $37,881. A median home value of $286,500 paired with a county property tax rate of 0.80% means annual property taxes land around $2,292, a figure worth weighing against that household income. Add Virginia's 6.00% combined sales tax on everyday purchases, and the overall cost of living here takes a noticeable bite out of earnings. Buyers and renters alike should factor both taxes into their monthly planning.
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