Cost of Living in Virginia beach, VA
Housing
The housing market plays a significant role in determining the cost of living in Virginia beach, VA.
- Housing Index: 107.5 / 100
- Median Home Price is: $359,000
- Average Rent (2 BR Apartment): $1676 per month
- Average Rent (2 BR House): $1822 per month
Considering a move to Virginia beach, VA? With a housing index of 107.5, the market is slightly above the national average, which indicates moderate demand. The median home price of 359000 suggests that buying can be a feasible option for many, while rental prices for a 2-bedroom apartment sit around 1676, and a house at 1822. It’s beneficial to weigh your living preference, budget, and long-term goals. Note that housing trends can fluctuate so monitoring market changes is key.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Virginia beach, VA.
- Electricity Price: $15.31 USD (median by state)
- Natural Gas Price: $19.91 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $242 per month
Living in Virginia beach, VA could entail higher utility costs. Electricity costs sit at $15.31, while natural gas is priced at $19.91 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $242 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Virginia beach is a financially viable option for your relocation.