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City Comparison · 2026

Norfolk vs New York City

Salary, rent, taxes, and purchasing power compared

Purchasing Power

$100k in Norfolk = $203k in New York City

Metric
Norfolk
New York City
COL Index
1.05
2.13
1BR Monthly Rent
$1,350/mo
$3,500/mo
2BR Monthly Rent
$1,700/mo
$4,500/mo
State Income Tax
VA
NY
$100k Take-Home
$73,243
$73,522
$100k Effective Rate
26.76%
26.48%
$100k Savings Potential
$57,043
$31,522

After-Tax Income by Salary

Gross SalaryNorfolk
VA
New York City
NY
$60,000$47,055
$3,921/mo · 21.57% eff.
$47,420
$3,952/mo · 20.97% eff.
$100,000$73,243
$6,104/mo · 26.76% eff.
$73,522
$6,127/mo · 26.48% eff.
$150,000$104,910
$8,743/mo · 30.06% eff.
$104,939
$8,745/mo · 30.04% eff.

Frequently Asked Questions

Is Norfolk or New York City cheaper to live in?

Norfolk has a cost-of-living index of 1.05 while New York City is 2.13 (1.00 = US average). Norfolk is cheaper overall. 1BR rent in Norfolk is $1,350/month vs $3,500/month in New York City.

How much more do you need to earn in New York City vs Norfolk?

$100k in Norfolk = $203k in New York City. Cost of living in New York City is higher by 102.9%.

Which city has better after-tax income — Norfolk or New York City?

On a $100,000 salary, you take home $73,243 in VA (Norfolk) and $73,522 in NY (New York City). After accounting for rent, your annual savings potential is $57,043 in Norfolk vs $31,522 in New York City.