Suffolk, VA

Average · 108

Virginia · Population 96,638 · Updated March 2026

$1,484
Median Rent / Month
$90,089
Median Income
$329,600
Median Home Value
$1,682
Owner Costs / Month

Affordability

How far your income goes in Suffolk

19.8%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Virginia

State-level tax rates that affect your costs

5.75%
Income Tax (Top Rate)
5.3%
Sales Tax
0.8%
Property Tax Rate

Estimated Annual Costs

$17,808
Annual Rent
$5,180
State Income Tax
$2,637
Property Tax (est.)

Cost of Living Overview

Suffolk is more expensive than the national average. Higher housing costs are typically the primary driver. With a cost index of 108 (where 100 equals the national median), Suffolk residents can expect to pay median rent of $1,484/month while earning a median household income of $90,089/year.

The median home value in Suffolk, VA is $329,600, with typical monthly owner costs around $1,682 including mortgage, insurance, and taxes. The median rent-to-income ratio of 19.8% 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 Suffolk.

Frequently Asked Questions

Common questions about living costs in Suffolk

What is the cost of living in Suffolk, VA?
The cost of living index in Suffolk, VA is 108 (US average = 100). Median monthly rent is $1,484, median household income is $90,089/year, and the median home value is $329,600.
Is Suffolk, VA affordable?
No, Suffolk is more expensive than the national average with a cost index of 108. The rent-to-income ratio is 19.8%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Suffolk, VA?
The median gross rent in Suffolk, VA is $1,484 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $17,808.
What is the median household income in Suffolk?
The median household income in Suffolk, VA is $90,089 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Virginia?
Virginia has a top income tax rate of 5.75%, a sales tax of 5.3%, and an effective property tax rate of 0.8%.