Cost of Living in Chesapeake, VA
Chesapeake has a cost of living index of 99 (100 = national average), making it close to the national average. The median household income is $79,283 and the median home price is $345,000.
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Chesapeake at a Glance
Population
252,578
Cost of Living Index
99
Median Income
$79,283
Median Home Price
$345,000
Property Tax Rate
0.87%
Sales Tax Rate
6.00%
Rent Index
98
State
Virginia
Living in Chesapeake
Chesapeake offers a cost of living below the national average, making it an attractive option for those looking to stretch their dollar further. The median home price of $345,000 is well within reach for many families.
The combined sales tax rate in Chesapeake is 6.00%, and the effective property tax rate is 0.87%. Property taxes are close to the national average.