Virginia · Census, HUD and BEA figures · Updated

Cost of Living in Virginia Beach city, VA

Prices around Virginia Beach city, VA run 2.1% below the U.S. average (BEA, the metro area). The typical household there earns $92,968 a year, and HUD puts a two-bedroom at $1,713 a month. Keeping that rent under 30% of income takes about $68,520 a year.

Virginia Beach city, VA at a glance

Median household income

$92,968$7,747 per month · U.S. Census Bureau ACS 5-Year
2-bedroom rent$1,713HUD FY2026 Fair Market Rent
Price level (U.S. = 100)97.9-2.1% · BEA, the metro area
Electricity17.2¢per kWh · EIA Residential VA
Population456,349Census ACS 5-year estimate

How much rent can you afford in Virginia Beach city, VA?

HUD’s fair market rent for each size, against what a typical household here earns. Change the income to see yours.

Affordable (< 30% of income)
HUD Fair Market Rent$1,713Monthly market rent
Share of gross income22.1%Recommended max: 30%
Annual income needed$68,520To meet the 30% standard
Max affordable rent$2,324At 30% of $92,968
0%30% (Affordability standard)100%
Compare against:

How much is rent in Virginia Beach city, VA? By bedroom, 2026

HUD's fiscal 2026 Fair Market Rents for Virginia Beach-Norfolk-Newport News, VA-NC HUD Metro FMR Area, with the income each one takes if rent stays under 30% of it.

HUD Fair Market Rent in Virginia Beach city, VA, fiscal 2026
Unit SizeMonthly RentAnnual Rent30% Rule Min. Income% of Median Income
Studio / Efficiency$1,492$17,904$59,68019.3%
1-Bedroom Apartment$1,512$18,144$60,48019.5%
2-Bedroom ApartmentBenchmark$1,713$20,556$68,52022.1%
3-Bedroom Home$2,376$28,512$95,04030.7%
4-Bedroom Home$2,797$33,564$111,88036.1%

Rent in Virginia Beach city, VA, with the wage each unit needs →

What a typical income covers in Virginia Beach city, VA

The 50/30/20 rule applied to the local median of $92,968 a year ($7,747 a month before tax).

Needs (50%)$3,874/moRent ($1,713 2-BR), utilities (~$155/mo), groceries, transit
Wants (30%)$2,324/moEating out, travel, subscriptions and the rest
Savings and debt (20%)$1,549/moEmergency fund, retirement, paying down loans

What $92,968 leaves after Virginia taxes

Federal income tax, Social Security, Medicare and Virginia tax on the local median income. Change the salary to see yours.

$92,968
$35,000$190,000
Filing status:
Gross salary breakdown$92,968
Net 75%
Fed 13%
VA 5%
FICA 8%
Annual take-home$69,701After all taxes
Monthly deposit$5,808Estimated per month
Biweekly paycheck$2,681Every 2 weeks (26/yr)
Effective tax rate25%Total tax burden
Federal income tax$11,623 / yr
Virginia state income tax$4,532 / yr
FICA (Social Security & Medicare)$7,112 / yr

Living in Virginia Beach city, VA: common questions

What is the median household income in Virginia Beach city, VA?

According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Virginia Beach city, VA is $92,968 per year (approximately $7,747 per month).

What is the average rent in Virginia Beach city, VA?

The closest official figure is HUD's Fair Market Rent for 2026: $1,492 for a studio, $1,512 for one bedroom, $1,713 for two, $2,376 for three and $2,797 for four, utilities included.

It is not an average of listings. HUD sets it at the rent 40% of recent movers paid or less for a standard unit, so a new lease on a nicer place will usually cost more.

Is Virginia Beach city, VA expensive to live in?

Prices there run 2.1% below the U.S. average. BEA's regional price parity for the metro area is 97.9, where the U.S. is 100. Rent moves the number most: housing is where places differ, while goods cost about the same everywhere.

How much do you need to earn to comfortably afford rent in Virginia Beach city, VA?

To keep a $1,713 two-bedroom under 30% of gross income, a household needs about $68,520 a year, or $5,710 a month. That is 74% of what the typical household in Virginia Beach city, VA earns.

How much do you need to live comfortably in Virginia Beach city, VA?

On the local median income of $92,968 ($7,747 a month before tax), the 50/30/20 rule leaves $3,874 a month for needs like rent, utilities and groceries, $2,324 for everything else and $1,549 for savings or debt. A two-bedroom at $1,713 takes 44% of the needs share.

How much is the electric bill in Virginia Beach city, VA?

Homes in Virginia paid 17.2¢ per kWh on average (EIA). At 900 kWh a month, a typical use, that is about $155. Your bill depends mostly on heating and cooling.