Housing costs in Virginia Beach?
A typical home costs
$561,500, which is 66.1% more expensive than the national average of
$338,100 and 63.6% more expensive than the average Virginia home, at
$343,200. Renting a two-bedroom unit in Virginia Beach costs
$1,550 per month, which is 10.7% more than the national average of
$1,400 and 14.8% more than the state average of
$1,320.
Can I afford Virginia Beach?
To live comfortably in Virginia Beach (zip 23451), Virginia, a minimum annual income of
$107,640 for a family, and
$53,200 for a single person is recommended.
What does A.I. say about Virginia Beach?
The cost of living in Virginia Beach, VA 23451 is relatively high compared to other areas in the United States. The median home value is $288,700, which is significantly higher than the national average of $184,700. The median rental cost in Virginia Beach is also higher than the U.S. average at $1,200 per month for a one-bedroom apartment and $1,500 per month for a two-bedroom apartment. Groceries and other essential goods are slightly more expensive than the national average as well. Despite this, many people still choose to live in Virginia Beach due to its beautiful beaches and excellent quality of life.