Salary Needed to Live in Chesapeake as a Family

A family of four (2 adults, 2 children) needs approximately $57,960/year to live comfortably in Chesapeake, VA — including 15% savings.

Comfortable Salary
$57,960
with 15% savings
Bare Minimum
$46,368
no savings buffer
Monthly Expenses
$2,898
1% below national avg

Detailed Monthly Budget for a Family in Chesapeake

ExpenseChesapeakeNat'l AvgDiff
🏠 3BR Apartment/House Rent$212$209+1%
🛒 Groceries$44$440%
⚡ Utilities$28$280%
🚗 Transportation$49$44+11%
🛡️ Car Insurance$181$223-19%
🏥 Health Insurance$54$56-4%
Childcare/After-school$1,200$1,2000%
Internet + Phones$180$1800%
Children Activities$250$2500%
Dining Out$350$3500%
School Supplies & Clothing$200$2000%
Healthcare Co-pays$150$1500%
Total Monthly$2,898$2,934-1%

How We Calculated the Salary

Monthly expenses:$2,898
Target savings (15%):$639/mo
Monthly after-tax needed:$3,537
Effective tax rate:25%

Gross annual salary needed:$57,960

Other Household Types in Chesapeake

Single Person
$19,477/yr
$1,055/mo expenses
Couple (No Kids)
$27,086/yr
$1,422/mo expenses
Retiree
$20,194/yr
$1,178/mo expenses

Related Pages

Living Alone in ChesapeakeCity OverviewAfford on $75K?Afford on $100K?Cost of Living

FAQ

What salary does a family with kids need in Chesapeake?
A family with kids needs approximately $57,960/year ($4,830/month gross) to live comfortably in Chesapeake with a 15% savings rate.
How much is rent for a family with kids in Chesapeake?
A 3br apartment/house in Chesapeake costs approximately $212/month, which is the largest single expense at 7% of the total budget.
Is Chesapeake affordable for a family with kids?
Chesapeake is roughly average for family with kids costs, requiring a salary close to the national median.
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