Virginia Beach

Cost of living in Portsmouth

Composed in-house · four inputs · 14% of the overall score
B
76/100
6th of 11
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The four inputs
Housing cost index88
Virginia Beach 10045% · scores 86
Effective property tax rate0.95%
Virginia Beach 0.78%25% · scores 72
Utilities105
Virginia Beach 10020% · scores 55
Local sales tax5.77%
Virginia Beach median 5.77%10% · scores 85
Vertical rule marks the Virginia Beach reference. Composed in-house · ACS 2020–24. Every scale is on the methodology page.

Best Virginia Beach suburbs for cost of living

All 11 ranked, Portsmouth highlighted
1WilliamsburgA−$428,1002Gloucester PointA−$320,7003Newport NewsB+$260,6004NorfolkB+$289,9005Elizabeth CityB+$187,7006PortsmouthB$246,9007HamptonB$245,7008Virginia BeachB−$382,5009ChesapeakeB−$378,40010PoquosonB−$400,30011SuffolkB−$347,400
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Better than Portsmouth on cost of living

Portsmouth grades B on cost of living. Two suburbs are within 25 miles and score higher on the same four inputs.

SuburbCost of livingMedian home valueEff. tax rateOverall
Newport News18 mi from PortsmouthB+$261k0.94% 55 C− Norfolk8 mi from PortsmouthB+$290k0.91% 58 C
Cost-of-living index composed in-house from housing cost, utilities, effective property tax and local sales tax · Median home value: ACS 2020–24 · Effective property tax: ACS 2020–24