D-
Overall 10%
Goods & Services 3%
Housing 35%
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The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
IndexChesapeakeVirginiaNational
Cost of living110107100
Goods & Services103100100
Groceries9696100
Health care94100100
Housing135130100
Transportation9393100
Utilities10297100

Key findings

  • The cost of living in Chesapeake is 2% higher than the Virginia average
  • The cost of living in Chesapeake is 10% higher than the national average
  • Chesapeake housing is 35% higher than the national average
  • Virginia general sales tax is 4% higher than the national average
  • Virginia state income tax is 19% lower than the national average

Most Affordable Places to Live in and Around Chesapeake

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Compare Chesapeake, VA Cost of Living

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      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      Owners$83,482$6,957$1,948$2,505
      Renters$42,810$3,568$999$1,284
      The affordability of the housing market in Chesapeake, VA as well as the overall cost of living can be predicted by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Chesapeake homeowners, the median income is $83,482. This indicates that a monthly maximum of $1,948 should be spent by homeowners on all housing related costs. Renters have a median income of $42,810. This indicates that renters would have a maximum of $999 for their rent related monthly costs.

      Virginia Sales Tax

      StateGeneral Sales TaxWith Max Surtax
      Virginia5.3%6%

      Virginia Income Tax

      StateIncome Tax (Low)Income Tax (High)
      Virginia2%5.75%

      Goods & Services

      ItemChesapeakeNational avg.Difference
      Haircut $21.03$20.273.8%
      Beauty Salon $38.41$40.394.9%
      Toothpaste $2.43$2.363.0%
      Shampoo $1.07$1.080.6%
      Movie $10.17$10.997.4%
      Bowling $19.47$15.4925.7%

      Groceries

      ItemChesapeakeNational avg.Difference
      Ground Beef $4.11$4.304.3%
      Fried Chicken $1.18$1.4015.4%
      Milk $1.79$2.2018.7%
      Potatoes $3.25$3.221.1%
      Pizza $10.74$10.740.0%
      Beer $10.38$9.608.1%

      Health Care

      ItemChesapeakeNational avg.Difference
      Optometrist $112.56$109.732.6%
      Doctor $85.23$118.3428.0%
      Dentist $102.83$100.941.9%
      Ibuprofen $10.49$9.935.6%
      Lipitor $455.10$469.533.1%

      Housing

      ItemChesapeakeNational avg.Difference
      Home Price $256,500.00$184,700.0038.9%
      Avg. Mortgage Payment $1,104.69$1,229.6210.2%
      Apartment Rent $1,180.00$949.0024.3%

      Transportation

      ItemChesapeakeNational avg.Difference
      Gasoline $2.53$2.716.7%
      Tire Balancing $48.62$51.866.3%

      Utilities

      ItemChesapeakeNational avg.Difference
      All Electricity$179.58$170.845.1%
      Phone $184.18$187.181.6%
      Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

      Nearby cities with low cost of living

      CityPopulationCost of Living IndexNational Avg.
      Portsmouth, VA96,071981.8%
      Norfolk, VA245,7241011.0%
      Chesapeake, VA233,19411010.1%

      Cities with similar population

      CityPopulationCost of Living IndexNational Avg.
      Irving, TX232,013981.5%
      Scottsdale, AZ234,49512625.9%
      Garland, TX234,810982.2%
      Hialeah, FL235,6261032.5%
      Windsor, ON230,583n/a 
      Chesapeake, VA233,19411010.1%
      Source: This data reflects 2021 and was released from C2ER in January, 2022; this is the most current data available.