Suffolk, VA Cost Of Living
Cost Of Living In Suffolk, VA Summary
Cost of living in Suffolk 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 Suffolk 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 Suffolk is 109, with 100 being the average.
The cost of living index in Suffolk is 1.1x higher than the national average.
Suffolk ranks as the #73 cheapest in Virginia out of 186.
Suffolk ranks as the #4,038 cheapest out of 6,412 in the US.
The median home value in Suffolk is $273,600.
The median income in Suffolk is $81,883.
Table Of Contents
Suffolk's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Suffolk, VA?
According to the most recent data on the cost of living, Suffolk has an overall cost of living index of 109, which is 1.1x higher than the national index of 100.
Compared to Virginia, Suffolk has a cost of living index that's 1.1x higher than Virginia's index of 102.
The standard of living in Suffolk ranks as #73 most affordable out of the 186 places we measured in Virginia. By definition, that implies Suffolk ranks as the #113 most expensive place in the Old Dominion.
For more reading on life in Suffolk, check out:
- Living In Suffolk
- Suffolk Crime Report
- Search Homes For Sale In Suffolk, VA
In Virginia
In America
Suffolk Cost Of Living Vs. Virginia
Six factors go into calculating the cost of living index in Suffolk. Here is how it fairs on each of the criteria:
The Services index in Suffolk is 106.
The Groceries index in Suffolk is 97.
The Health index in Suffolk is 108.
The Housing index in Suffolk is 124.
The Transportation index in Suffolk is 108.
The Utilities index in Suffolk is 110.
| Living Expense | Suffolk | Virginia | National Average | |
|---|---|---|---|---|
| Overall | 109 | 102 | 100 | |
| Services | 106 | 102 | 100 | |
| Groceries | 97 | 98 | 100 | |
| Health | 108 | 102 | 100 | |
| Housing | 124 | 107 | 100 | |
| Transportation | 108 | 95 | 100 | |
| Utilities | 110 | 102 | 100 | |
Suffolk, 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 Suffolk is $273,600.
The Median Rent in Suffolk is $1,266.
The Median Income in Suffolk is $81,883.
The Home Value To Income in Suffolk is 3.3x.
The Rent To Monthly Income in Suffolk is 0.19x.
| Statistic | Suffolk | Virginia | United States |
|---|---|---|---|
| Median Home Value | $273,600 | $295,500 | $244,900 |
| Median Rent | $1,266 | $1,326 | $1,163 |
| Median Income | $81,883 | $80,615 | $69,021 |
| Home Value To Income | 3.3x | 3.7x | 3.5x |
| Rent To Monthly Income | 0.19x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Suffolk, VA Costs By Category
Detailed Suffolk Services Costs Vs. Virginia
Detailed Suffolk Groceries Costs Vs. Virginia
Detailed Suffolk Health Costs Vs. Virginia
Detailed Suffolk Transportation Costs Vs. Virginia
Detailed Suffolk Utilities Costs Vs. Virginia
Suffolk SnackAbility
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Cost Of Living In Cities Around Suffolk
The cost of living varies in the cities and towns around Suffolk. Here's a quick look at the cost of living in the most populous nearby places:
Virginia Beach, VA has a cost of living index of 117, 1.1x Suffolk.
Chesapeake, VA has a cost of living index of 115, 1.1x Suffolk.
Norfolk, VA has a cost of living index of 107, 1.0x Suffolk.
| City | Population | Cost Of Living | Vs. Suffolk |
|---|---|---|---|
| Virginia Beach, VA | 457,658 | 117 | 1.1x |
| Chesapeake, VA | 247,172 | 115 | 1.1x |
| Norfolk, VA | 238,556 | 107 | 1.0x |
| Newport News, VA | 185,069 | 102 | 0.9x |
| Hampton, VA | 136,748 | 99 | 0.9x |
| Elizabeth, NJ | 135,772 | 118 | 1.1x |
| Poquoson, VA | 12,382 | 113 | 1.0x |
| Gloucester Point, VA | 11,313 | 105 | 1.0x |
| Smithfield, VA | 8,513 | 111 | 1.0x |
| Franklin, VA | 8,249 | 98 | 0.9x |
