Mid-Size City249,422 people

Chesapeake, VA

Discover how far your salary goes in Chesapeake. Compare taxes, rent, and living costs.

Cost Index
143
💰 Expensive
Population

249,422

State Tax

5.8%

1BR Rent

$1,932

/month

vs National

+38%

above avg

How far would your salary go in Chesapeake?

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Rent Prices in Chesapeake

🏠

Studio

$1,546

/month

$18,552/year

Most Common
🛏️

1 Bedroom

$1,932

/month

$23,184/year

🏡

2 Bedroom

$2,608

/month

$31,296/year

🏘️

3 Bedroom

$3,381

/month

$40,572/year

Taxes in Virginia

State Income Tax

Virginia

5.8%

For a $100k salary, that's ~$5,750/year in state taxes.

Federal Income Tax

Same nationwide

10-37%

Federal taxes use progressive brackets. The more you earn, the higher your marginal rate.

Learn how tax brackets work

Frequently Asked Questions

What is the cost of living in Chesapeake, VA?

Chesapeake has a cost of living index of 143, which is 43% above the national average. A 1-bedroom apartment costs around $1,932/month.

What is the state income tax in Virginia?

Virginia has a state income tax rate of approximately 5.8%. This is in addition to federal income tax.

How much is rent in Chesapeake?

The median rent for a 1-bedroom apartment in Chesapeake is $1,932/month. For a 2-bedroom, expect to pay around $2,608/month. This is 38% above the national average.

Is Chesapeake a good place to live?

Chesapeake is a mid-size city with a population of 249,422. The cost of living is expensive, making it more expensive than average for the US.

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