Suffolk city, Virginia
Income Data
At a Glance
How Suffolk city Compares
Detailed Income Statistics
Data Story
About Household Income in Suffolk city, Virginia
Suffolk City exceeds national income benchmark
Suffolk's median household income of $90,089 surpasses the U.S. median of $74,755 by 20.5%, positioning the city comfortably above the national average. Households here earn approximately $15,334 more annually than typical American families, reflecting southeastern Virginia's economic strength.
Outperforms Virginia state average considerably
Suffolk earns $15,132 more than Virginia's state median of $74,957, ranking well above the state average despite its working-class port city heritage. The $45,135 per capita income exceeds the Virginia average by $5,980, signaling solid middle-class prosperity.
Southeast Virginia's strongest earner
Suffolk's $90,089 income significantly outpaces rural Southwest Virginia counties, matching or exceeding mid-tier earners across the state. Only Spotsylvania ($109,576) and Stafford ($133,792) surpass Suffolk, underscoring the city's economic importance as Hampton Roads' dominant municipality.
Housing affordability pressured by highest ratio
Suffolk's 19.8% rent-to-income ratio is the highest burden in this analysis, indicating tighter housing affordability despite strong income. A median home value of $329,600 requires significant savings capacity, though combined household incomes and favorable financing can make homeownership realistic.
Solid income supports diversified wealth strategies
Suffolk residents with $90,089 median household income can pursue balanced wealth-building despite slightly elevated housing costs. Consider real estate investment in the growing Hampton Roads region, diversified stock portfolios, and business ownership opportunities in one of Virginia's major economic engines.
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County median: $90,089 per year
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vs. State Average
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vs. National Median
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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.