Virginia · Population 137,334 · Updated March 2026
How far your income goes in Hampton
State-level tax rates that affect your costs
Hampton offers a below-average cost of living, giving residents more purchasing power compared to many US cities. With a cost index of 88 (where 100 equals the national median), Hampton residents can expect to pay median rent of $1,346/month while earning a median household income of $67,758/year.
The median home value in Hampton, VA is $234,100, with typical monthly owner costs around $1,347 including mortgage, insurance, and taxes. The median rent-to-income ratio of 23.8% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.
Virginia has a moderate income tax rate of 5.75%. Combined with a 5.3% sales tax rate and 0.8% effective property tax rate, the overall tax environment is a factor in the total cost of living in Hampton.
Common questions about living costs in Hampton
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