Discretionary Income in Norfolk, VA in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Norfolk, VA is ranked 210th out of the top 333 most populated cities in the U.S. for having the highest discretionary income. Therefore, it is considered as one of the cities, where on average per month, you will have less money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Norfolk, VA
Gross Salary
$8,333
Taxes
$1,663
Cost of Living
$3,867
Discretionary Income
$2,803
With a gross annual salary of $100,000 in Norfolk, VA, you would need to deduct approximately $1,663 per month for taxes. Given that the average cost of living in Norfolk is $3,867, you would have around $2,803 remaining in your pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Norfolk, VA, regardless of household composition or number of income earners.
Salary and Discretionary Income Per Gross Salary Level in Norfolk, VA in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Norfolk, VA |
|---|---|
| $30,000 | -$1,636 |
| $40,000 | -$952 |
| $50,000 | -$269 |
| $60,000 | $403 |
| $70,000 | $1,003 |
| $80,000 | $1,603 |
| $90,000 | $2,203 |
| $100,000 | $2,803 |
| $110,000 | $3,401 |
| $120,000 | $3,985 |
| $130,000 | $4,568 |
| $140,000 | $5,151 |
| $150,000 | $5,735 |
| $175,000 | $7,193 |
| $200,000 | $8,624 |
| $250,000 | $11,195 |
| $300,000 | $13,654 |
| $350,000 | $16,112 |
| $400,000 | $18,570 |
| $450,000 | $21,029 |
| $500,000 | $23,487 |
Discretionary Income in Norfolk, VA in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Norfolk, VA is ranked 204th out of the top 333 most populated cities in the U.S. for having the highest discretionary income for singles. Therefore, it is considered as one of the cities, where on average per month, you will have less money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Norfolk, VA
Gross Salary
$8,333
Taxes
$1,663
Cost of Living
$2,524
Discretionary Income
$4,146
With a gross annual salary of $100,000 in Norfolk, VA, a single person would need to deduct approximately $1,663 per month for taxes. Considering the average cost of living in Norfolk is $2,524, singles would have around $4,146 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Norfolk, VA, assuming that the gross salary is earned by a single person.
Salary and Discretionary Income Per Gross Salary Level in Norfolk, VA in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Norfolk, VA |
|---|---|
| $30,000 | -$292 |
| $40,000 | $391 |
| $50,000 | $1,074 |
| $60,000 | $1,746 |
| $70,000 | $2,346 |
| $80,000 | $2,946 |
| $90,000 | $3,546 |
| $100,000 | $4,146 |
| $110,000 | $4,745 |
| $120,000 | $5,328 |
| $130,000 | $5,911 |
| $140,000 | $6,495 |
| $150,000 | $7,078 |
| $175,000 | $8,536 |
| $200,000 | $9,968 |
| $250,000 | $12,539 |
| $300,000 | $14,997 |
| $350,000 | $17,455 |
| $400,000 | $19,914 |
| $450,000 | $22,372 |
| $500,000 | $24,830 |
Discretionary Income in Norfolk, VA in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Norfolk, VA is ranked 201st out of the top 333 most populated cities in the U.S. for having the highest discretionary income for couples. Therefore, it is considered as one of the cities, where on average per month, you will have less money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Norfolk, VA
Gross Salary
$8,333
Taxes
$1,663
Cost of Living
$3,784
Discretionary Income
$2,886
With a gross annual salary of $100,000 in Norfolk, VA, a couple would need to deduct approximately $1,663 per month for taxes. Considering the average cost of living in Norfolk is $3,784, couples would have around $2,886 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Norfolk, VA, assuming that the gross salary is earned by a couple.
Salary and Discretionary Income Per Gross Salary Level in Norfolk, VA in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Norfolk, VA |
|---|---|
| $30,000 | -$1,553 |
| $40,000 | -$869 |
| $50,000 | -$186 |
| $60,000 | $486 |
| $70,000 | $1,086 |
| $80,000 | $1,686 |
| $90,000 | $2,286 |
| $100,000 | $2,886 |
| $110,000 | $3,484 |
| $120,000 | $4,068 |
| $130,000 | $4,651 |
| $140,000 | $5,234 |
| $150,000 | $5,818 |
| $175,000 | $7,276 |
| $200,000 | $8,707 |
| $250,000 | $11,278 |
| $300,000 | $13,737 |
| $350,000 | $16,195 |
| $400,000 | $18,588 |
| $450,000 | $20,963 |
| $500,000 | $23,338 |
Discretionary Income in Norfolk, VA in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Norfolk, VA is ranked 210th out of the top 333 most populated cities in the U.S. for having the highest discretionary income for single parents. Therefore, it is considered as one of the cities, where on average per month, you will have less money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Norfolk, VA
Gross Salary
$8,333
Taxes
$1,402
Cost of Living
$3,742
Discretionary Income
$3,189
With a gross annual salary of $100,000 in Norfolk, VA, a single parent would need to deduct approximately $1,402 per month for taxes. Considering the average cost of living in Norfolk is $3,742, single parents would have around $3,189 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Norfolk, VA, assuming that the gross salary is earned by a single parent.
Salary and Discretionary Income Per Gross Salary Level in Norfolk, VA in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Norfolk, VA |
|---|---|
| $30,000 | -$1,444 |
| $40,000 | -$750 |
| $50,000 | -$66 |
| $60,000 | $617 |
| $70,000 | $1,300 |
| $80,000 | $1,984 |
| $90,000 | $2,589 |
| $100,000 | $3,189 |
| $110,000 | $3,789 |
| $120,000 | $4,383 |
| $130,000 | $4,966 |
| $140,000 | $5,549 |
| $150,000 | $6,133 |
| $175,000 | $7,591 |
| $200,000 | $9,049 |
| $250,000 | $11,652 |
| $300,000 | $14,116 |
| $350,000 | $16,574 |
| $400,000 | $19,032 |
| $450,000 | $21,491 |
| $500,000 | $23,949 |
Discretionary Income in Norfolk, VA in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Norfolk, VA is ranked 223rd out of the top 333 most populated cities in the U.S. for having the highest discretionary income for families. Therefore, it is considered as one of the cities, where on average per month, you will have less money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Norfolk, VA
Gross Salary
$8,333
Taxes
$1,161
Cost of Living
$5,419
Discretionary Income
$1,753
With a gross annual salary of $100,000 in Norfolk, VA, a family would need to deduct approximately $1,161 per month for taxes. Considering the average cost of living in Norfolk is $5,419, families would have around $1,753 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Norfolk, VA, assuming that the gross salary is earned by the family head(s).
Salary and Discretionary Income Per Gross Salary Level in Norfolk, VA in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Norfolk, VA |
|---|---|
| $30,000 | -$3,063 |
| $40,000 | -$2,363 |
| $50,000 | -$1,664 |
| $60,000 | -$981 |
| $70,000 | -$297 |
| $80,000 | $386 |
| $90,000 | $1,069 |
| $100,000 | $1,753 |
| $110,000 | $2,436 |
| $120,000 | $3,096 |
| $130,000 | $3,696 |
| $140,000 | $4,296 |
| $150,000 | $4,896 |
| $175,000 | $6,396 |
| $200,000 | $7,896 |
| $250,000 | $10,843 |
| $300,000 | $13,760 |
| $350,000 | $16,676 |
| $400,000 | $19,539 |
| $450,000 | $22,122 |
| $500,000 | $24,681 |
The assessments presented on this website, including those related to crime, safety, cost of living, and other location characteristics (e.g., states, cities, towns, villages, neighborhoods, areas, landmarks), are based on various sources and our internal research methods. These assessments are not guaranteed to be accurate or complete and should not be used as the sole basis for making any decisions.