Cost of Living

Our economy is extremely stable and often immune to volatile market reactions. 

The  cost of living in Virginia Beach is below the national average and well below that of other metropolitan areas in the mid-Atlantic and Northeastern United States. 

In fact, according to a study performed by Old Dominion University, the typical household in Virginia Beach is "better off, economically speaking, than the typical household in New York City area." (Source: The State of the Region 2012, Old Dominion University)

 

 

Cost of Living Index

National Average = 100

Composite index 99.0
Grocery items 95.8
Housing 100.6
Utilities 104.4
Transportation 96.3
Health care 101.3
Miscellaneous goods and services 97.7

Source: Council for Community Economic Research Cost of Living Index, Q2 2012