Cost of Living in Chesapeake city, VA

What does it cost to live in Chesapeake city? Income, housing, and affordability breakdown.

Median Income

$92,703

Median Rent

$1,446/mo

Median Home

$339,500

Affordability

374

Housing Cost Breakdown

Owning (20% down, 6.5%)

Mortgage (P&I)$1,717
Property Tax$238
Insurance$113

Total Monthly$2,068
% of Income26.8%

Renting

Median Rent$1,446
Renter's Insurance$25

Total Monthly$1,471
% of Income18.7%

Living in Chesapeake city, Virginia

Chesapeake city has a median household income of $92,703 with housing costs that represent 26.8% of income for owners and 18.7% for renters. Housing costs are within the recommended 30% of income threshold.

The affordability index of 374 (100 = median income perfectly covers median housing costs) gives a quick snapshot. Use our calculator for a comprehensive comparison across counties, including taxes, utilities, healthcare, and commute costs.

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Other Counties in Virginia

County-level data from U.S. Census Bureau American Community Survey (ACS) 2022 5-Year Estimates. Additional sources: Bureau of Labor Statistics, Bureau of Economic Analysis. Estimates are county-level medians. This is not financial advice.