B
2%
Overall NAT. AVG.
0%
Goods & Services NAT. AVG.
7%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Hampton Virginia National
Cost of living102109100
Goods & Services100100100
Groceries101101100
Health care9699100
Housing107130100
Transportation10095100
Utilities105104100

An Overview of Cost of Living in Hampton, VA

Are you thinking about relocating, but curious about the potential cost of living in Hampton? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Hampton stands at 102, making it 2% higher than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.

The cost of living in Hampton is about average when compared to all other cities across the nation. You can expect that everyday items like food, goods and services and utility bills will be no more expensive than any other average city. Residents can anticipate living expenses that remain in line with the national average, ensuring a manageable financial burden, making it an attractive choice for those seeking affordability without the constraints of higher everyday expenditures.

What Do Locals Say About the Cost of Living in Hampton?

When it comes to knowing a city, its residents are the experts. We conducted a survey with 12 locals to understand their opinions on the cost of living in Hampton. The results indicated that 58% found it reasonably priced with decreasing prices of goods and services, while 42% viewed it as quite expensive, with increasing prices.

Is Hampton Affordable?

Wondering if Hampton is affordable? It's a question that often comes up when you're thinking about a new city since affordability can really shape your decisions. The cost of living index (covered earlier), housing expenses and income levels all play a part in the affordability equation. In Hampton, for example, the median home price is 2.1% higher than what folks pay nationally, and monthly rent is 17.5% higher than the usual rates. Plus, income levels matter too, with Hampton boasting a median household income of $57,041, which is 3.1% higher than the national average.

What Factors can Influence the Cost of Living in Hampton?

Taxes: Cities that enforce higher taxes, covering both sales taxes and income taxes, can be a factor contributing to a higher cost of living. Paying more in taxes for everyday essentials like clothing and food inevitably leads to higher expenses. A higher income tax rate can further contribute to an overall elevated cost of living. In Hampton, the baseline sales tax rate begins at 5.3%, and income tax rates start at 2%.

Transportation: When public transportation options are limited or non-existent, residents frequently resort to vehicle ownership, which can significantly contribute to the overall cost of living. Monthly financial obligations encompass fuel, insurance, regular maintenance and potentially lease or financing expenses. In Hampton, the transportation index is 0.3% lower than the national average.

Subsidies: Certain regions may provide government subsidies or assistance initiatives designed to alleviate the cost of living burden on their residents. These programs encompass a wide range of support mechanisms, such as Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and farming subsidies. Areas with fewer subsidy offerings might experience an elevation in their cost of living.

Where is the Data From?

The Hampton cost of living data displayed above is derived from the C2ER cost of living index to provide a useful and reasonably accurate measure of living cost differences in urban areas. Published on a quarterly basis, it compiles data from more than 300 independent researchers, encompassing over 60 goods and services. These items have been meticulously selected to represent various consumer expenditure categories, in 6 categories. Weightings assigned to cost differentials draw from government survey data tracking spending patterns among professional and executive households. While the C2ER index excludes data on sales or income tax rates, AreaVibes incorporates tax rates into the overall cost of living score for each region.

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Cost Of Living Quick Facts

  • The cost of living in Hampton is 6% lower than the Virginia average
  • The cost of living in Hampton is 2% higher than the national average
  • Hampton housing is 7% higher than the national average
  • Virginia general sales tax is 4% higher than the national average
  • Virginia state income tax is 23% lower than the national average

Most Affordable Places to Live in and Around Hampton

See all the best places to live around Hampton

Compare Hampton, VA Cost of Living

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      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$73,530$6,128$1,716$2,206
      Renters$40,508$3,376$945$1,215
      The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Hampton, VA, as well as what the overall cost of living might be. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payments and not more than 36 percent of income on all expenses and debts. In Hampton, homeowners have a median income of $73,530. Using that number, a maximum of $1,716 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $40,508, which means there is a maximum of $945 to be spent on the costs of renting a home or apartment.

      Virginia Sales Tax

      State General Sales Tax With Max Surtax
      Virginia 5.3% 6%

      Virginia Income Tax

      State Income Tax (Low) Income Tax (High)
      Virginia 2% 5.75%

      Goods & Services

      Item Hampton National avg. Difference
      Haircut $20.00$24.2617.6%
      Beauty Salon $54.17$45.5618.9%
      Toothpaste $3.72$3.700.5%
      Shampoo $1.26$1.281.3%
      Movie $13.31$12.139.7%
      Bowling $24.17$18.0034.3%

      Groceries

      Item Hampton National avg. Difference
      Ground Beef $5.54$5.845.2%
      Fried Chicken $1.44$1.578.5%
      Milk $4.63$4.671.0%
      Potatoes $5.27$4.936.8%
      Pizza $12.72$12.095.3%
      Beer $10.64$10.412.2%

      Health Care

      Item Hampton National avg. Difference
      Optometrist $95.44$125.6824.1%
      Doctor $122.83$135.789.5%
      Dentist $109.67$113.293.2%
      Ibuprofen $10.76$10.651.0%
      Lipitor $489.65$468.604.5%

      Housing

      Item Hampton National avg. Difference
      Home Price $188,600.00$184,700.002.1%
      Avg. Mortgage Payment $2,083.79$2,346.6911.2%
      Apartment Rent $1,115.00$949.0017.5%

      Transportation

      Item Hampton National avg. Difference
      Gasoline $3.27$3.465.5%
      Tire Balancing $60.00$59.920.1%

      Utilities

      Item Hampton National avg. Difference
      All Electricity $227.22$193.9917.1%
      Phone $185.33$192.253.6%
      Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Benns Church, VA6421010.6%
      Portsmouth, VA94,9611010.5%
      Newport News, VA179,5821032.8%
      Norfolk, VA244,3001055.2%
      Smithfield, VA8,49211413.9%
      Hampton, VA135,1691022.5%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      West Valley City, UT135,61011110.9%
      Warren, MI134,188955.4%
      Columbia, SC134,0571000.1%
      Gainesville, FL133,611954.8%
      Coral Springs, FL133,37012929.2%
      Hampton, VA135,1691022.5%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.