Financial Profile: Virginia
Financial landscape, tax rates, cost of living, and median income scoring for Virginia residents.
Virginia at a Glance
Avg Salary
$68,000
Cost of Living
103
Top Tax Rate
5.8%
Adjusted Income
$66,019
Monthly Take-Home
$4,341
Max Rent (30%)
$1,700
Financial Genome at Median Income
Scores calculated for someone earning $68,000/yr in Virginia with typical expenses.
PPI
53
C+
FPI
25
F
LRS
53
C+
REW
30
D
Living in Virginia: Financial Overview
Virginia has graduated income tax rates from 2% to 5.75%.
- DC metro high salaries
- Government contractor jobs
- Moderate taxes
Major Cities
Virginia Beach, Norfolk, Richmond, Arlington
With a cost of living index of 103 (above the national average of 100), expenses are higher in Virginia. A $60,000 salary here has the purchasing power equivalent of only $58,252 in an average-cost area.
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