Chesapeake city, Virginia
Income Data
U.S. Census Bureau ACSAt a Glance
Economic Indicators
How Chesapeake city Compares
Detailed Income Statistics
Income Advisory: Chesapeake city
Income Verdict
Chesapeake city has a median household income of $94,189 and per capita income of $43,819 — a gap of $50,370, suggesting a typical mix of dual-income and single-earner households.
Housing Affordability
With median gross rent at $1,523/month and a median household income of $94,189, rent consumes approximately 19.4% of monthly income — well within affordable thresholds.
Economic Context
The median household income of $94,189 places Chesapeake city in a high-earning tier, supporting strong purchasing power and above-average consumer spending. Per capita income of $43,819 is in line with national norms for individual earners.
Neighbor Context
Chesapeake city earns approximately 25.7% above the Virginia state median household income of $74,957, positioning it favorably within the state.
Data Story
About Household Income in Chesapeake city, Virginia
Chesapeake earns well above U.S. average
Chesapeake's median household income of $94,189 runs 26% higher than the national median of $74,755, placing the city in the top tier of earners nationwide. This gap reflects Chesapeake's strong economic base and skilled workforce.
Third-highest earners in Virginia
With a median household income of $94,189, Chesapeake ranks among Virginia's highest-earning jurisdictions, outpacing the state average of $74,957 by nearly $20,000. Only a handful of Virginia counties exceed Chesapeake's earning power.
Competitive income, modest homes nearby
Chesapeake's $94,189 median sits between Culpeper County ($96,098) and Colonial Heights ($76,250), reflecting a diverse economic corridor in Hampton Roads. Median home values range from $231,700 in Colonial Heights to $386,400 in Culpeper, showing local real estate variation.
Income covers living costs comfortably
Chesapeake households spend just 19.4% of income on rent, well below the 30% affordability threshold, while median home values of $359,100 remain accessible to dual-income families. This healthy ratio indicates strong purchasing power relative to housing costs.
Build on Chesapeake's economic strength
With per capita income of $43,819 and manageable housing costs, Chesapeake households are positioned to invest beyond basic expenses. Consider wealth-building strategies like retirement accounts, home equity investments, and diversified portfolios to maximize your earning power.
Frequently Asked Questions
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Income Comparison Calculator
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County median: $94,189 per year
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vs. State Average
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Income Adequacy
Your monthly income ($7,849) vs. median rent ($1,523/mo). A ratio of 3.3x or higher means rent is under 30% of income.
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Compare RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.