Hampton, VA Cost Of Living
Cost Of Living In Hampton, VA Summary
Cost of living in Hampton research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Hampton is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Virginia, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Hampton is 99, with 100 being the average.
The cost of living index in Hampton is 1.0x lower than the national average.
Hampton ranks as the #48 cheapest in Virginia out of 186.
Hampton ranks as the #3,027 cheapest out of 6,412 in the US.
The median home value in Hampton is $191,000.
The median income in Hampton is $59,380.
Table Of Contents
Hampton's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Hampton, VA?
According to the most recent data on the cost of living, Hampton has an overall cost of living index of 99, which is 1.0x lower than the national index of 100.
Compared to Virginia, Hampton has a cost of living index that's 1.0x lower than Virginia's index of 102.
The standard of living in Hampton ranks as #48 most affordable out of the 186 places we measured in Virginia. By definition, that implies Hampton ranks as the #138 most expensive place in the Old Dominion.
For more reading on life in Hampton, check out:
- Living In Hampton
- Hampton Crime Report
- Search Homes For Sale In Hampton, VA
In Virginia
In America
Hampton Cost Of Living Vs. Virginia
Six factors go into calculating the cost of living index in Hampton. Here is how it fairs on each of the criteria:
The Services index in Hampton is 103.
The Groceries index in Hampton is 94.
The Health index in Hampton is 106.
The Housing index in Hampton is 102.
The Transportation index in Hampton is 93.
The Utilities index in Hampton is 102.
| Living Expense | Hampton | Virginia | National Average | |
|---|---|---|---|---|
| Overall | 99 | 102 | 100 | |
| Services | 103 | 102 | 100 | |
| Groceries | 94 | 98 | 100 | |
| Health | 106 | 102 | 100 | |
| Housing | 102 | 107 | 100 | |
| Transportation | 93 | 95 | 100 | |
| Utilities | 102 | 102 | 100 | |
Hampton, VA Housing Cost Breakdown
Housing swings affordability the most between places in Virginia, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Hampton is $191,000.
The Median Rent in Hampton is $1,159.
The Median Income in Hampton is $59,380.
The Home Value To Income in Hampton is 3.2x.
The Rent To Monthly Income in Hampton is 0.23x.
| Statistic | Hampton | Virginia | United States |
|---|---|---|---|
| Median Home Value | $191,000 | $295,500 | $244,900 |
| Median Rent | $1,159 | $1,326 | $1,163 |
| Median Income | $59,380 | $80,615 | $69,021 |
| Home Value To Income | 3.2x | 3.7x | 3.5x |
| Rent To Monthly Income | 0.23x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Hampton, VA Costs By Category
Detailed Hampton Services Costs Vs. Virginia
Detailed Hampton Groceries Costs Vs. Virginia
Detailed Hampton Health Costs Vs. Virginia
Detailed Hampton Transportation Costs Vs. Virginia
Detailed Hampton Utilities Costs Vs. Virginia
Hampton SnackAbility
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Cost Of Living In Cities Around Hampton
The cost of living varies in the cities and towns around Hampton. Here's a quick look at the cost of living in the most populous nearby places:
Norfolk, VA has a cost of living index of 107, 1.1x Hampton.
Newport News, VA has a cost of living index of 102, 1.0x Hampton.
Portsmouth, VA has a cost of living index of 104, 1.1x Hampton.
| City | Population | Cost Of Living | Vs. Hampton |
|---|---|---|---|
| Norfolk, VA | 238,556 | 107 | 1.1x |
| Newport News, VA | 185,069 | 102 | 1.0x |
| Portsmouth, VA | 97,454 | 104 | 1.1x |
| Poquoson, VA | 12,382 | 113 | 1.1x |
| Gloucester Point, VA | 11,313 | 105 | 1.1x |
| Smithfield, VA | 8,513 | 111 | 1.1x |
| Carrollton, VA | 7,171 | 114 | 1.2x |
