Cost of Living in Suffolk, VA
Population 98,796 · Census ACS 2020–2024 5-year estimates
The median rent in Suffolk, VA is $1,563/month, about the same as the Virginia median and 11% higher than the U.S. median. The median home value is $347,400, 4% higher than the national median. Households earn a median of $92,666 a year, about the same as the state median.
Affordability
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Suffolk vs. Virginia vs. U.S.
| Suffolk | Virginia | U.S. | |
|---|---|---|---|
| Median rent | $1,563 | $1,579 | $1,413 |
| Median home value | $347,400 | $383,700 | $332,700 |
| Median household income | $92,666 | $93,170 | $80,734 |
| Homeownership rate | 70.7% | 67.3% | 65.2% |
| Bachelor's degree or higher | 33.3% | 42.2% | 35.7% |
| Poverty rate | 9.4% | 9.9% | 12.5% |
| Unemployment rate | 5.0% | 4.3% | 5.2% |
| Work from home | 10.7% | 18.3% | 15.1% |
| Median age | 38.7 | 39.0 | 38.9 |
FAQ
What is the average rent in Suffolk, VA?
The median gross rent in Suffolk, VA is $1,563 per month (ACS 2020–2024 5-year estimate).
How much do I need to earn to live in Suffolk, VA?
Using the common 30% rule, renting a median-priced home takes about $62,520 a year in gross income.
Is Suffolk, VA expensive to live in?
Rent there is 11% higher than the U.S. median, and the median home costs about 3.7 times the median household income.
Other cities in Virginia
Cities with a similar cost of living
Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
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