​​Cost of Living

The  cost of living in Virginia Beach is ​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 IndexNational Average = 100
Composite index100.6
Grocery items100.3
Housing98.0
Utilities100.1
Transportation93.6
Health care100.8
Miscellaneous goods and services104.6
Source: Council for Community Economic Research Cost of Living Index, 2017 ​Annual Average Data

composite indexNATIONAL AVERAGE = 100
Virginia Beach100.6
Philadelphia117.2​
Miami114.6
Baltimore117.0
Boston148.2
Washington D.C.144.3
New York125.8
Source: Council for Community Economic Research Cost of Living Index, 2017 ​​Annual Average Data​