Cost of Living in Virginia Beach city, VA

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

Median Income

$87,544

Median Rent

$1,568/mo

Median Home

$343,700

Affordability

349

Housing Cost Breakdown

Owning (20% down, 6.5%)

Mortgage (P&I)$1,738
Property Tax$235
Insurance$115

Total Monthly$2,088
% of Income28.6%

Renting

Median Rent$1,568
Renter's Insurance$25

Total Monthly$1,593
% of Income21.5%

Living in Virginia Beach city, Virginia

Virginia Beach city has a median household income of $87,544 with housing costs that represent 28.6% of income for owners and 21.5% for renters. Housing costs are within the recommended 30% of income threshold.

The affordability index of 349 (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.