Virginia · Population 457,066 · Updated March 2026
How far your income goes in Virginia Beach
State-level tax rates that affect your costs
Virginia Beach is more expensive than the national average. Higher housing costs are typically the primary driver. With a cost index of 117 (where 100 equals the national median), Virginia Beach residents can expect to pay median rent of $1,649/month while earning a median household income of $90,685/year.
The median home value in Virginia Beach, VA is $366,300, with typical monthly owner costs around $1,704 including mortgage, insurance, and taxes. The median rent-to-income ratio of 21.8% 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 Virginia Beach.
Common questions about living costs in Virginia Beach
Similar-sized cities to compare
Compare the cost of living in Virginia Beach, VA with 299 other major U.S. cities