Small City97,915 people

Portsmouth, VA

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

Cost Index
138
📈 Above Average
Population

97,915

State Tax

5.8%

1BR Rent

$1,680

/month

vs National

+20%

above avg

How far would your salary go in Portsmouth?

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Rent Prices in Portsmouth

🏠

Studio

$1,344

/month

$16,128/year

Most Common
🛏️

1 Bedroom

$1,680

/month

$20,160/year

🏡

2 Bedroom

$2,268

/month

$27,216/year

🏘️

3 Bedroom

$2,940

/month

$35,280/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 Portsmouth, VA?

Portsmouth has a cost of living index of 138, which is 38% above the national average. A 1-bedroom apartment costs around $1,680/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 Portsmouth?

The median rent for a 1-bedroom apartment in Portsmouth is $1,680/month. For a 2-bedroom, expect to pay around $2,268/month. This is 20% above the national average.

Is Portsmouth a good place to live?

Portsmouth is a small city with a population of 97,915. The cost of living is above average, making it more expensive than average for the US.

See the complete picture for Portsmouth

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