What Salary Do You Need to Live in Virginia Beach VA

Full article 15 min read
Moving-to-Virginia

Virginia Beach is a coastal city in southeastern Virginia. It is located on the Atlantic Ocean at the mouth of the Chesapeake Bay. The city is a resort destination and is home to several beaches, including the famous Virginia Beach Boardwalk. The Boardwalk stretches for 3 miles and is a popular spot for walking, biking, and rollerblading. The beach also features several restaurants, cafes, and shops. In addition to its beaches, Virginia Beach is also known for its historical sites. These include the Cape Henry Lighthouse, built-in 1792, and Jamestown Island, the site of the first English settlement in North America. The city has something to offer everyone.

If you’re looking to move to Virginia Beach, you’ll want to know the average salary to budget appropriately. While your cost of living may be lower than in some other coastal cities, it’s still essential to know your monthly expenses. So whether you’re already living in Virginia Beach or are just thinking about making a move, read on for all the information you need!

Where Does Your Salary Go Living in Virginia Beach?

When you live in Virginia Beach, your salary goes a lot further than in other parts of the country. The cost of living here is relatively low, and plenty of affordable housing options are available. In addition, the city’s public transportation system is reliable and efficient, so you won’t have to spend a lot on gas or car maintenance. And if you’re looking for a place to eat out or buy food, you’ll find that Virginia Beach has plenty to offer in terms of quality and quantity. When relocating to this gorgeous city, you’ll need to consider healthcare, childcare, utilities, and taxes.

In short, if you’re looking for a place to live where your salary will go a long way, Virginia Beach is worth considering.

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Costs of Real Estate

Living in Virginia Beach comes with a lot of perks. The weather is mild, the beaches are beautiful, and there’s always something to do. However, it’s important to be aware of real estate costs in Virginia Beach before deciding to move there. Prices have been rising in recent years, and homes in desirable locations can be expensive. If you’re looking for a beachfront property, be prepared to pay a premium. The city’s beachfront neighborhoods are the most desirable (and costly) areas. In contrast, inland neighborhoods offer a more affordable option for those looking to purchase property in Virginia Beach.

With all of these factors to consider, it’s important to do your research before making an offer on a home in Virginia Beach. By understanding the market and knowing what you can afford, you can ensure that you find a property that meets your needs and fits your budget.

Some of the best neighborhoods in Virginia Beach include:

  1. Sandbridge: This neighborhood is located on the southern end of Virginia Beach and is known for its wide, sandy beaches. Homes in Sandbridge tend to be on the more expensive side, but the views are worth it.
  2. Croatan: Croatan is a great option for those looking for an affordable place to live in Virginia Beach. The neighborhood is located just west of the city’s center and is home to several parks and restaurants.
  3. Great Neck: Great Neck is one of the most desirable neighborhoods in Virginia Beach. It is located on a peninsula and offers stunning views of the bay and the ocean. Homes in Great Neck are some of the most expensive in the city, but the community is close-knit and friendly.
  • Median 1 Bedroom Apartment Rent: $1,335/ month
  • Median 2 Bedroom Apartment Rent: $1,514/month
  • Median 3 Bedroom Apartment Rent: $1,797/month
  • Median Home Price: $367,667

Transportation Cost

Virginia Beach is a large city, and it cannot be easy to get around if you don’t have a car. The cost of gasoline in Virginia Beach is also relatively low. The average price of a liter of gasoline is $4.30, lower than the national average.

Fortunately, the city’s public transportation system is efficient and affordable. The Hampton Roads Transit (HRT) operates buses and light rail services throughout Virginia Beach, and several taxicab companies serve the city. An adult must pay $2 for a single ride, whereas $4.5 for a daily pass. For children, a bus ride or light rail service is free.

The wave is a new trolley service currently running in Virginia Beach. The fare for the wave is $2 per ride, or you can purchase a daily pass for $4. The trolleys are electric and run on a set schedule.

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Taxes

Virginia Beach is a beautiful coastal city with a thriving economy and a wide range of tax rates. The sales tax rate in Virginia Beach is 5.3%, which is relatively high compared to other cities in the state. However, the property tax rate is just 0.99% for a 100% assessed valued property, one of the lowest in the state. This makes Virginia Beach an attractive place to live for people looking for low taxes. The city also has a high-income tax rate, but this is offset because Virginia Beach has no state income tax. As a result, people who live in Virginia Beach can enjoy a low cost of living while still taking advantage of all the city has to offer.

Cost of Utilities

There are a variety of utilities available to residents of Virginia Beach. These include water, sewer, electricity, gas, and trash collection. The city is served by two main water providers, the Hampton Roads Sanitation District and the City of Virginia Beach Public Utilities Department. The Hampton Roads Sanitation District also provides sewer service. Dominion Virginia Power provides electricity, and Columbia Gas of Virginia provides gas service. Trash collection is provided by the city’s Department of Public Works. Each utility has its rates and policies, so it’s important to research each one before deciding. But you can expect to pay $170 monthly for an apartment. The cost of utilities also varies depending on the season, with rates typically being higher in the summer months.

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Healthcare

Virginia Beach is home to many healthcare facilities, including several hospitals, clinics, and doctors’ offices. The city’s healthcare system can meet the needs of its residents, offering a wide range of services and a high level of care. In addition, Virginia Beach is home to many research institutions, which are constantly working to improve healthcare quality. As a result, Virginia Beach is an excellent place to live if you are in need of medical care. The city’s healthcare facilities can provide you with the treatment you need, whether for a simple cold or a more serious condition. In addition, the city’s research institutions are always working to find new treatments and cures for diseases, making Virginia Beach a leader in the healthcare field.

The average cost of healthcare for a family of 4 in Virginia Beach is $1,636 per month. This includes the cost of health insurance and the cost of medical care.

Childcare Costs

Virginia Beach is home to several high-quality childcare facilities. The city’s experienced and qualified providers offer various services, including full-time care, part-time care, and drop-in care. Families can choose from a range of providers, each offering its unique advantages. For example, some facilities offer transportation to and from school, while others provide meals and snacks. Families can also choose from various schedules, depending on their needs. Whether you’re looking for full-time care or need a few hours of supervision a week, Virginia Beach has a childcare provider that’s right for you.

  • Infants at Family Child Care: $250 – $350 
  • Infants at Child Care Centers: $380- $485
  • Toddlers at Family Child Care: $250 – $325
  • Toddlers at Child Care Centers: $357 – $470
  • Preschool (or Kindergarten): $875.00/Month
  • International Primary School: $11,500.00/Year

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Cost of Food in Virginia Beach

The cost of food in Virginia Beach is relatively affordable. The city has a wide variety of restaurants, cafes, and grocery stores, so residents can easily find affordable options. In addition, the city’s proximity to the coast means that seafood is readily available and often quite affordable. However, it’s important to note that the cost of food can vary depending on your dietary needs and preferences. For example, if you are a vegetarian or have special dietary requirements, you may need to spend more on food than someone who has no dietary restrictions.

Some of the best restaurants in Virginia Beach are:

Chix on the Beach which is known for its seafood, and is one of the best in the city. Next comes Pungo Pizza which is a local favorite.

  • A meal at a mid-range restaurant: $80 for 2 People
  • McMeal at McDonald’s (or Equivalent Combo Meal): $10
  • A loaf of bread: $3.19
  • A liter of milk: $0.74
  • A dozen eggs: $1.31 

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Miscellaneous Costs in Virginia Beach

There are a variety of miscellaneous costs that you may not consider when planning a move to Virginia Beach. For example, if you want to see a movie while you’re in town, you’ll need to factor in the cost of tickets and any concessions you may want to purchase. If you’re hoping to stay fit, you may also want to budget for a gym membership or personal training sessions. In addition, it’s important to be aware of these costs in Virginia Beach so that you can plan accordingly.

  • Movie Ticket: $12.00
  • Gym Membership: $31.00/Month
  • Tennis Court Rent: $15/Hour

Understanding the Job Market in Virginia Beach

The Virginia Beach job market is strong and growing. The city’s unemployment rate is below the national average, and job growth is outpacing the rest of the country. The most common industries in Virginia Beach are tourism, healthcare, and retail. However, there are also many technologies, finance, and government opportunities. The city’s location on the Atlantic coast makes it a desirable place to live and work, and its diverse economy provides stability even during economic downturns. The city’s thriving economy and low cost of living make it an attractive place to start a career. And with so many different industries represented in Virginia Beach, there are ample opportunities for professional growth. If you’re looking for a stable job market with plenty of opportunities for advancement, Virginia Beach is a great place to start your search.

See Also: How to Move to Another State Without a Job

Top employers in the city are:

  • Stihl
  • Navy Exchange
  • Venture Realty Group
  • Amerigroup
  • VBSchools
  • Advanced Electronics
  • Liberty Tax Service
  • BurgerBusters
  • The Christian Broadcasting Network
  • Management Consulting

How Much Should You Earn to Live Comfortably Well in Virginia Beach?

According to recent studies, if you want to live comfortably in Virginia Beach, you should aim to earn a yearly salary of at least $50,929. This number accounts for the cost of housing, food, transportation, healthcare, and other essentials. It also leaves room for some discretionary spending on entertainment and vacations. Of course, this is just a general guideline – your specific needs may be higher or lower depending on your lifestyle and family size.

Once you have an estimate of your total monthly expenses, you can begin to look for jobs that will provide you with the income you need to live comfortably in Virginia Beach.

According to the US Department of Labor, a single person living without dependents must earn $18.68 per Hour to live comfortably in Virginia Beach. If only one adult is employed, the required hourly compensation for two adults with one child is $32.72. The cost of living for two parents with two children is $24.61 if they’re both working.

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Conclusion

If you’re looking for a place to live that offers plenty of job opportunities and a comfortable cost of living, Virginia Beach may be the perfect city for you. You can live comfortably in this beautiful coastal city with a little planning. If you’re moving to Virginia Beach, be sure to budget for the cost of housing, food, transportation, healthcare, and other essentials.

See Also: Average Cost of State to State Move

Frequently Asked Questions

How much does it cost to live in Virginia Beach?

The cost of living in Virginia Beach is relatively low. The cost of living index is 105.6.

How much should you earn to live comfortably in Virginia Beach?

If you want to live comfortably in Virginia Beach, you’ll need to earn at least $50,929 per Year.

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What is the cost of living for a single person in Virginia Beach?

The cost of living for a single person in Virginia Beach is $926 per month without rent.

What is the cost of living for a family of four in Virginia Beach?

Living for a family of four in Virginia Beach is $3,307 per month without rent.

What is the minimum wage in Virginia Beach?

The minimum wage in Virginia Beach is $11 per Hour.

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What is the Crime Rate in Virginia Beach?

The crime rate in Virginia Beach is 15.85 per 1,000 residents.

What is the Unemployment rate in Virginia Beach?

The Unemployment rate in Virginia Beach was 3.2% in December 2021.

Written by


Alex Sherr is the founder of My Long Distance Movers, a blog that provides moving information and resources for people who are relocating. He has more than two decades of experience in the moving and relocation industry, and he is passionate about helping people relocate smoothly and efficiently. When he's not writing or blogging, Alex enjoys spending time with his wife and two young children.