Cost of Living in Chesapeake, VA
Population: 251,153 • 2026 Data
$94,189
Median Household Income
+22% vs national
$1,523
Median Monthly Rent
+13% vs national
$359,100
Median Home Value
+6% vs national
4.6%
Unemployment Rate
Housing in Chesapeake
The median home value in Chesapeake, VA is $359,100. Monthly rent for a typical unit averages $1,523, while total monthly housing costs (including utilities and insurance) average $1,680.
Rent-to-income ratio: 19.4%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Chesapeake, VA is $94,189. The unemployment rate stands at 4.6%, with a labor force of 132,285 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.