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Cost Of Living in Virginia Beach, VA

Virginia Beach, VA, is not just a popular vacation destination but also a desirable place to live for many. With its long stretches of sandy beaches, bustling boardwalk, and numerous recreational activities, it’s no wonder people love moving to this vibrant coastal city. 

However, before deciding to relocate, it’s essential to understand the cost of living in Virginia Beach, VA. This guide will provide a detailed breakdown of expenses, from housing and utilities to dining and transportation. 

The city offers a unique blend of urban amenities and natural beauty, making it an attractive option for families, young professionals, and retirees alike. 

With a relatively high average salary and a wide range of housing options, many find that the benefits of living in Virginia Beach outweigh the costs. If you’re wondering, if Virginia Beach is a good place to live, this comprehensive overview will help you make an informed decision. 

Whether you’re drawn to the lively cultural scene, the excellent schools, or the laid-back beach lifestyle, understanding the financial aspects is key to planning your move.

Housing Costs

When considering a move, housing is often the biggest expense. In Virginia Beach, the cost of housing can vary significantly depending on the location and type of residence.

Renting in Virginia Beach

Renting is a popular option for many newcomers. Here’s a breakdown of typical rental prices:

  • One-bedroom apartment in the city center: $1,560.38 per month
  • One-bedroom apartment outside the city center: $1,416.29 per month
  • Three-bedroom apartment in the city center: $3,313.57 per month
  • Three-bedroom apartment outside the city center: $2,516.67 per month

As you can see, living closer to the beach and downtown amenities comes at a premium. For those seeking more affordable options, the suburbs offer a balance of cost and convenience.

Buying Property in Virginia Beach

If you’re considering purchasing a home, the prices per square meter are as follows:

  • City center: $3,099.98
  • Outside the city center: $2,655.07

The real estate market in Virginia Beach is competitive, but the investment is often worth it for those planning to stay long-term. The vibrant neighborhoods, coupled with the city’s natural beauty, make owning a home here a desirable prospect.

Utilities and Monthly Expenses

Once you’ve secured housing, you’ll need to consider the cost of utilities and other monthly expenses. Here’s what you can expect:

  • Basic utilities (electricity, heating, cooling, water, garbage) for an 85m² apartment: $149.38 per month
  • Internet (60 Mbps or more, unlimited data, cable/ADSL): $65.10 per month
  • Mobile phone plan with calls and 10GB+ data: $50.71 per month

These costs are fairly standard and reflect the moderate climate of Virginia Beach, where extreme weather conditions are rare.

Dining Out

Virginia Beach offers a wide range of dining options, catering to all tastes and budgets. Here’s a snapshot of what you might spend:

  • Inexpensive restaurant meal: $20.00
  • Mid-range restaurant meal for two (three courses): $50.00
  • McMeal at McDonald’s: $11.94
  • Domestic beer (0.5 liter draught): $4.75
  • Imported beer (0.33 liter bottle): $6.00
  • Cappuccino: $5.51

Whether you’re grabbing a quick bite or enjoying a night out, Virginia Beach has something to satisfy every palate. The city’s culinary scene is diverse, featuring fresh seafood, international cuisines, and local favorites.

Grocery Shopping

Grocery shopping in Virginia Beach is quite affordable, with prices for staple items listed below:

  • Milk (1 liter): $0.88
  • Loaf of fresh white bread (500g): $3.16
  • Rice (1kg): $4.76
  • Eggs (12): $3.66
  • Local cheese (1kg): $11.57
  • Chicken filets (1kg): $6.81
  • Beef round (1kg): $15.97
  • Apples (1kg): $2.81

Virginia Beach’s grocery stores are well-stocked with a variety of products, ensuring you’ll find everything you need at reasonable prices.

Transportation

Transportation costs in Virginia Beach are moderate and offer several options for getting around:

  • One-way ticket (local transport): $2.00
  • Monthly pass: $70.00
  • Taxi Start (normal tariff): $3.50
  • Taxi 1km (normal tariff): $1.30
  • Taxi 1-hour waiting (normal tariff): $20.00
  • Gasoline (1 liter): $0.87

Public transportation is reliable, and many residents also opt for biking or walking, particularly in the more pedestrian-friendly areas near the beach.

Entertainment and Leisure Activities

Virginia Beach offers a wealth of entertainment and leisure activities to keep you engaged:

  • Fitness club monthly fee: $46.66
  • Tennis court rent (1 hour on weekend): $35.00
  • Cinema ticket (international release): $12.00

Whether you’re into sports, movies, or just enjoying the great outdoors, Virginia Beach has plenty to offer.

Childcare and Education

For families, childcare and education are significant considerations. Here’s what you might expect to pay:

  • Preschool (full day, private, monthly): $1,200.00
  • International primary school (yearly): $18,658.00

The city is known for its excellent educational institutions, making it a great place to raise children.

Clothing and Personal Items

Clothing and personal items also contribute to the cost of living:

  • Pair of jeans (Levis 501 or similar): $62.17
  • Summer dress (chain store): $45.99
  • Pair of Nike running shoes: $107.04
  • Pair of men’s leather business shoes: $162.50

With a variety of shopping options, from local boutiques to major retailers, Virginia Beach caters to all fashion preferences and budgets.

Salaries and Financing

To offset these living costs, it’s important to consider income levels and financing:

  • Average monthly net salary (after tax): $4,490.00
  • Mortgage interest rate (20 years, fixed rate): 6.52%

The average salary in Virginia Beach is relatively high, which helps balance the cost of living and makes it easier for residents to afford the various expenses.

Conclusion

Living in Virginia Beach, VA, offers a unique blend of coastal beauty, vibrant community life, and reasonable living costs. While housing can be on the pricier side, especially near the beach, the overall expenses for utilities, groceries, and entertainment are quite manageable. 

With a high average salary and a plethora of amenities, Virginia Beach remains an attractive option for individuals and families alike. Whether you’re drawn by the sandy shores or the thriving cultural scene, this city has something for everyone.

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