Is $40K a Good Salary in Virginia Beach, VA?
Full budget breakdown for Virginia Beach on $40K/year — take-home after taxes, rent burden, what you can afford, and how it compares to the city median.
Monthly budget in Virginia Beach on $40K
US average equivalent
$43,000
Your $40K in Virginia Beach (COL: 93) buys the same as $43,000/yr in a city with average US cost of living.
vs Virginia Beach median
-41%
The median household income in Virginia Beach is $68,000/yr. You're earning 41% below that.
Cities where $40K goes further
These cities have a lower rent burden at $40K than Virginia Beach.
Other salary levels in Virginia Beach
Frequently asked questions
Is $40K a good salary in Virginia Beach?
$40K/year in Virginia Beach gives you approximately $2,535/month in take-home pay after federal and state taxes. With a median 1BR rent of $1,550/month, your rent burden is 61% of take-home — which is considered difficult. Virginia Beach is on the expensive side for this salary, ranking #120 out of 179 cities.
How much is $40K after taxes in Virginia Beach?
On $40K/year in Virginia Beach (VA), you take home approximately $2,535/month after federal income tax, 5.8% VA state income tax, and FICA. That is roughly $30,420/year net.
What is the cost of living in Virginia Beach on $40K?
Monthly estimated costs in Virginia Beach: rent $1,550, groceries ~$369, transportation ~$48, utilities ~$170, internet ~$60. Total estimated expenses: ~$2,197/month, leaving ~$338/month after essentials on a $40K salary.
Tax estimates use 2026 brackets · Rent data: Zillow Observed Rent Index · Budget figures are estimates for general guidance only