Housing costs in Virginia Beach?
A typical home costs
$321,500, which is 4.9% less expensive than the national average of
$338,100 and 6.3% less expensive than the average Virginia home, at
$343,200. Renting a two-bedroom unit in Virginia Beach costs
$1,500 per month, which is 7.1% more than the national average of
$1,400 and 12.0% more than the state average of
$1,320.
Can I afford Virginia Beach?
To live comfortably in Virginia Beach (zip 23452), Virginia, a minimum annual income of
$61,560 for a family, and
$51,600 for a single person is recommended.
What does A.I. say about Virginia Beach?
The cost of living in 23452 Virginia Beach, VA is fairly high compared to other parts of the U.S. According to Best Places, the overall cost of living index is 113, which is 13% higher than the national average. Housing costs are particularly high at an index rating of 140, which is 40% higher than the national average. Utilities and transportation also have higher than average costs with ratings of 108 and 107 respectively. Groceries are slightly lower at 97, but food away from home is still relatively expensive with a rating of 109. All in all, it can be said that Virginia Beach has generally high prices across the board when it comes to daily expenses.