Cost of Living in Virginia Beach

Virginia · Population: 456,349 · Updated 2026

Below Average
Cost Index
97.9
100 = US avg
Median Income
$93K
Annual household
Median Rent
$1,714/mo
2-bedroom unit
Rent Burden
22%
Income to rent ratio
Cost Category Breakdown

Indexed to national average (100)

Housing100.8
Groceries100.0
Utilities100.0
Transportation100.0
Healthcare100.0
Economic Details
Median Home Value$383K
State Income Tax5.75%
Unemployment Rate3.6%
Est. Net Income$88K/yr
Affordability Score
101
out of 100
Below national average cost
Salary Converter for Virginia Beach

See what salary you'd need in another city to match your purchasing power in Virginia Beach.

$75,000

About Virginia Beach

Virginia Beach combines Atlantic Ocean beaches with a strong military presence and growing technology sector. The Tidewater region's diversified economy and relatively affordable housing make it a top quality-of-life destination.

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Frequently Asked Questions

Is Virginia Beach expensive?

Virginia Beach has a cost of living index of 97.9, where 100 represents the national average. This is close to the national average.

What salary do you need to live comfortably in Virginia Beach?

Based on a rent-to-income ratio of 30%, you'd need at least $68,560 to afford the median 2-bedroom apartment in Virginia Beach and maintain basic expenses.

What is the median rent in Virginia Beach?

The median 2-bedroom rent in Virginia Beach is $1,714 per month, according to HUD Fair Market Rent data.