Cost of Living in Chesapeake, VA

Population 251,153 · Virginia · Data vintage 2023

117
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Most of Chesapeake's cost indicators track within a reasonable band of national figures, with median household incomes near $94,189 — a more representative starting point for relocation math than the headline-expensive or headline-cheap cities on either tail.

Cost Overview

Housing 118
Rent 116

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Chesapeake

The median home value in Chesapeake is $359,100 — 18% above the national median of $305,000. Median rent runs $1,523/month, 16% higher than the national median of $1,314/month. The median household income of $94,189/year is 26% higher than the US median of $74,580. The local unemployment rate is 4.9%, above the national average of 4.8%. Virginia's top state income tax rate is 5.8% and the combined sales tax is 5.6%. The climate averages highs of 73.7°F and lows of 52.4°F. Overall, Chesapeake has a cost of living index of 117 versus the US average of 100, meaning it is 17% more expensive.

🏠 Housing

Median Home Value
$359,100
18% above avg
Zillow Home Value
$413,755
Zillow ZHVI
Median Rent
$1,523/mo
16% above avg
Zillow Rent
$2,001/mo
Zillow ZORI
Price-to-Rent Ratio
19.6x
Favors buying
Property Tax Rate
0.8%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$970
1 BR
$989
2 BR
$1,200
3 BR
$1,645
4 BR
$1,885
Owner-occupied 73.8%
Renter-occupied 26.2%

💰 Estimated Monthly Budget

Rent median rent
$1,523
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,137/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
27.4 min
1% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
11.5%

Commute Mode

Drove alone
77.4%
Carpooled
8.1%
Public transit
0.6%
Walked
0.9%
Bicycle
0.1%
Work from home
11.5%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax 5.8%
Total Sales Tax 5.6%
State rate 4.3%
Avg local rate 1.3%
Property Tax 0.8%

💼 Income & Employment

Median Household Income
$94,189
26% above avg
Per Capita Income
$43,819
Unemployment Rate
4.9%
2% above avg
Poverty Rate
8.7%
Labor Force Participation
67.0%

🎓 Education

Bachelor's degree+ 22.4%
Graduate degree 14.0%

👥 Demographics

Median Age 37.7
Male median age 36.5
Female median age 38.7

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
73.7°F
Avg Low
52.4°F
Annual Precip
48.6"
30° 48° 65° 83° 100° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 545763748289939085766558
Low °F 343541505967737065544437
Precip" 3.352.713.763.474.214.565.515.834.494.073.373.29

🏫 Schools

NCES CCD 2019 — public school district data

90%
4-Year Graduation Rate
15.1:1
Student-teacher ratio
48
Public schools
41,597
Total enrollment

Frequently Asked Questions

What is the cost of living in Chesapeake, VA?

Chesapeake has a cost index of 117 (100 = national average). It is 17% above the national average.

What is average rent in Chesapeake, VA?

The median gross rent in Chesapeake is $1,523 per month based on 2023 Census data.

What is the average home price in Chesapeake?

The median home value in Chesapeake is $359,100 according to Zillow and Census data.

What is the median income in Chesapeake?

The median household income in Chesapeake is $94,189 per year (2023 ACS 5-year estimates).

What is the sales tax in Chesapeake, VA?

The combined state and local sales tax rate in Chesapeake is 5.6%. The Virginia state income tax top rate is 5.8%.

Is Chesapeake, VA affordable?

Chesapeake is above average in cost of living, with an index of 117 — about 17% higher than the national average.

What is the weather like in Chesapeake?

Chesapeake has average high temperatures of 73.7°F and average lows of 52.4°F. Annual precipitation is 48.6". Data from NOAA 1991–2020 Climate Normals.