Enterprise vs Norfolk: Cost of Living Comparison
How does the cost of living in Enterprise, Nevada compare to Norfolk, Virginia? Below is a side-by-side breakdown of housing costs, income, wages, and taxes using official government data.
Summary: Norfolk is the more affordable city overall. Housing costs are 63% higher in Enterprise compared to Norfolk, while rent is 43% higher. NV has no state income tax.
| Metric | Enterprise, NV | Norfolk, VA | Diff |
|---|---|---|---|
| Housing | |||
| Median Home Value | $413,800 | $254,200 | +62.8% |
| Median Monthly Rent | $1,700 | $1,188 | +43.1% |
| Income | |||
| Median Household Income | $91,165 | $60,998 | +49.5% |
| Per Capita Income | $41,717 | $35,761 | +16.7% |
| Taxes | |||
| State Income Tax Rate | None | 5.8% | -100.0% |
| Combined Sales Tax | 8.2% | 5.8% | +43.1% |
| Demographics | |||
| Population | 225,461 | 236,973 | -4.9% |
Source: U.S. Census Bureau ACS 5-Year Estimates (2022), Freddie Mac Primary Mortgage Market Survey. State/local tax rates from Tax Foundation (2024).
Rent vs. Buy Calculator — Enterprise
Default home price from Census ACS median. Mortgage rate: 6.38% (Freddie Mac PMMS, March 2026). Property tax est. 1.1%, insurance est. 0.35% of home value annually.
Rent vs. Buy Calculator — Norfolk
Default home price from Census ACS median. Mortgage rate: 6.38% (Freddie Mac PMMS, March 2026). Property tax est. 1.1%, insurance est. 0.35% of home value annually.
Key Takeaways
- Housing: The median home in Enterprise costs $413,800 compared to $254,200 in Norfolk — a 63% premium.
- Rent: Median rent is $1,700/mo in Enterprise vs $1,188/mo in Norfolk.
- Income: Median household income is $91,165 in Enterprise and $60,998 in Norfolk.
- Taxes: Nevada has no state income tax, while Virginia has a 5.75% rate.
Methodology
This comparison uses data from the U.S. Census Bureau American Community Survey 5-Year Estimates (2022) for median household income, median home value, median gross rent, per capita income, and population. State and local tax rates are sourced from the Tax Foundation. Mortgage rates are from the Freddie Mac Primary Mortgage Market Survey (updated weekly).