Cost of Living in Suffolk, VA
Population: 96,638 • 2026 Data
$90,089
Median Household Income
+16% vs national
$1,484
Median Monthly Rent
+10% vs national
$329,600
Median Home Value
-3% vs national
5.0%
Unemployment Rate
Housing in Suffolk
The median home value in Suffolk, VA is $329,600. Monthly rent for a typical unit averages $1,484, while total monthly housing costs (including utilities and insurance) average $1,682.
Rent-to-income ratio: 19.8%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Suffolk, VA is $90,089. The unemployment rate stands at 5.0%, with a labor force of 50,345 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.