What Salary Do You Need to Live in Chesapeake, VA?

To live comfortably in Chesapeake, a household needs to earn roughly $70,000/year. That's about $5,833/month before taxes.

The Number: $70,000/year

At $70,000 per year, a household in Chesapeake can afford median-priced rental housing at roughly 28% of gross income.

This is based on Chesapeake's median monthly rent of $1,630 and the 28% housing guideline. Source: Census ACS 2024.

Chesapeake at a Glance

Median rent$1,630/mo
Median home price$388,600
Median household income$89,265
State income taxUp to 5.75%
Sales tax6%

Sources: Census ACS 2024, Tax Foundation.

For Single Residents

A single person can live comfortably in Chesapeake on roughly $45,000/year. That's about $3,750/month before taxes.

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Note: Salary estimates are based on the 28% housing guideline applied to median rents from Census ACS 2024. Individual circumstances vary. Full disclaimer.

Salary Questions About Chesapeake

The median monthly rent is $1,630. Using the 30% guideline, you need about $65,000/year to afford this comfortably.

The median home price is $388,600. With a 20% down payment, you would need roughly $77,720 saved and a household income to support the mortgage payments.

The median household income is $89,265/year. Our recommended salary of $70,000/year is near the median, reflecting a comfortable (not extravagant) standard of living.