Can you afford to live in Chesapeake?

Median household income, home values and rent in Chesapeake, VA — how they've changed since 2015 and how much of a typical paycheck housing takes compared with the rest of the country.

U.S. Census Bureau, American Community Survey 5-year estimates.

This story was assembled using AI and public data sources.

What it costs to live in Chesapeake.

Median household income: $94,189 — +37.3% since 2015 (not adjusted for inflation)

Median gross rent: $1,523/mo — +29.5% since 2015

Median home value, 2015 to 2023

• 2015: 253800
• 2023: 359100

Median household income

• Chesapeake: 94189
• Chesapeake city: 94189
• VA: 90974
• U.S.: 78538

Median gross rent

• Chesapeake: 1523
• Chesapeake city: 1523
• VA: 1514
• U.S.: 1348

Share of income a typical renter spends on rent: 33.0% — U.S.: 30.2%

What it means

The typical household here earns $94,189 — notably higher than the national figure of $78,538.

The typical renter here spends 33.0% of household income on rent, above the 30% level housing agencies use to define cost burden.

Since 2015, income has kept pace with rent here (+37.3% versus +29.5%), before adjusting for inflation.