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Chesapeake, VA

Complete financial data dashboard — cost of living, mortgage calculator, salary comparisons, and tax details.Source: U.S. Census Bureau ACS 2023 · FRED

Cost Index
91
Average
Median Home Value
$359,100
National: $426,735
Median Rent
$1,523/mo
National: $1,527/mo
Household Income
$94,189
National: $84,532
Population
251,153
Purchasing Power
122
100 = national baseline

Cost of Living Breakdown

Housing Cost Index
84 / 100
100 = national average
Rent Index
100 / 100
Overall Index
91
Average

Chesapeake Mortgage Calculator

Pre-filled with the local median home value of $359,100 and Virginia's property tax rate of 0.82%.

Salary & Purchasing Power

Median household income is $94,189 11% above the national average.

What $94,189 in Chesapeake Gets You Elsewhere

CityEquivalent SalaryDifference
New York, NY$156,292+66%
Los Angeles, CA$175,957+87%
Chicago, IL$83,839-11%
Houston, TX$73,488-22%

Property Tax in Chesapeake, VA

Est. Annual Property Tax
$2,945
Monthly Impact
$245
Added to your mortgage
Effective Rate
0.82%
National avg: ~1.00%

Virginia Tax Overview

Tax TypeVirginiaNational Avg
Property Tax Rate0.82%1.00%
Top Income Tax Rate5.75%~5.0%
State Sales Tax5.75%~5.0%

Compare Chesapeake to Another City

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Cost of Living Comparison

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Chesapeake, VA
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Cost Index Comparison (100 = National Avg)

Housing CostsNational Avg: 100
Chesapeake, VA: 84
Rent Prices
100
LC
Reviewed by LivabilityCalc Research Team
Financial Data Analysts · Census & Economic Data Specialists
📊 Data Sources & Methodology
  • Housing & Demographics: U.S. Census Bureau, American Community Survey (ACS) 2023 1-Year Estimates
  • Mortgage Rates: Freddie Mac Primary Mortgage Market Survey via Federal Reserve Economic Data (FRED)
  • Tax Rates: Tax Foundation State & Local Tax Data, 2024
  • Cost of Living Index: Calculated using Census housing + rental data vs. national median (see methodology)
Last data update: March 2026 · Mortgage rates updated weekly · Page auto-refreshes every 24 hours via ISR