Cost of Living in Virginia Beach, VA
Virginia Beach has a cost of living index of 102 (100 = national average), making it close to the national average. The median household income is $79,162 and the median home price is $350,000.
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Virginia Beach at a Glance
Population
459,470
Cost of Living Index
102
Median Income
$79,162
Median Home Price
$350,000
Property Tax Rate
0.79%
Sales Tax Rate
6.00%
Rent Index
102
State
Virginia
Living in Virginia Beach
Virginia Beach has a cost of living slightly above the national average. While housing at $350,000 is a significant expense, the area offers a balance between cost and quality of life.
The combined sales tax rate in Virginia Beach is 6.00%, and the effective property tax rate is 0.79%. Property taxes are relatively low compared to the national average.