Cost of Living in Hampton, Virginia
In Hampton, the median household income is $69,621 and the median gross rent is $1,427/mo, with a median home value of $245,700. Source: Census Bureau ACS, 2020-2024 estimates.
- Median household income
- $69,621
- Median gross rent
- $1,427/mo
- Median home value
- $245,700
- Population
- 137,557
How Hampton compares to the Virginia average
| Measure | Hampton, VA | Virginia statewide | Difference |
|---|---|---|---|
| Median household income | $69,621 | $93,170 | -25.3% |
| Median gross rent (monthly) | $1,427 | $1,579 | -9.6% |
| Median home value | $245,700 | $383,700 | -36.0% |
Statewide, Virginia prices average 101.1 on the BEA Regional Price Parity index (2024), where the U.S. average is 100.
Housing affordability in Hampton
- Salary needed for median rent
- $57,080
- Rent burden at median income
- 24.6%
- Est. affordable home price
- $253,973
So that $1,427/mo is 30% of gross income
Share of the median household income spent on median rent (30%+ = cost-burdened)
At median income, 6.67% 30-yr rate (FRED, 2026-08), 20% down, 28% front-end DTI
The median home value in Hampton is $245,700 — within what the median household income supports under these assumptions.
Estimates from documented formulas — see methodology. Not financial advice.
Cost of living in other Virginia cities
About this data
- American Community Survey 5-Year Estimates — data period 2020-2024, retrieved August 13, 2026.
- Regional Price Parities — data period 2024, retrieved August 13, 2026.
- Federal Reserve Economic Data — data period 2026-08, retrieved August 13, 2026.
Figures are shown exactly as published by the source or derived by the documented formulas on our methodology page. Where a source suppresses an estimate, we show “—” rather than a substitute value.