Cost of Living in Hampton city, Virginia
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
These figures are county medians, not a personal budget. Use them to frame rent, ownership, and income tradeoffs, then account for household size, commute, financing, insurance, taxes, debt, and local availability before making a decision.
How Hampton city Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Hampton city ranks #2,828 of 3,142 counties for affordability (bottom 10%)
Sourced county brief
Hampton City Housing Costs Exceed State Unweighted County Averages
In Hampton city, the median gross rent as a percentage of household income (GRAPI) is 34.1%. This figure, based on official ACS table B25071, is 5.5 percentage points higher than the Virginia unweighted county mean of 28.6%. The median gross rent for the locality is estimated at $1,427 per month, which exceeds the state’s unweighted county mean of $1,170. For owner-occupied housing units, the median selected monthly owner cost is $1,424, a figure that is also above the Virginia unweighted county mean of $1,190. Conversely, the median home value in Hampton city was recorded at $245,700, which is below the unweighted county mean of $295,808 for the state. Median household income for those in renter-occupied units was $49,261 during the 2020-2024 period. These statistics provide a snapshot of the housing environment for both renters and owners using official U.S. Census Bureau American Community Survey 5-Year Estimates. See ACS table B25071 for the underlying estimate.
Source record
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25064 Median Gross Rent
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25071 GRAPI
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25077 Median Home Value
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25088 Selected Monthly Owner Costs
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25119 Household Income by Tenure
Data version acs5-2020-2024 · Method cost-brief-v1
Cost of Living Advisory: Hampton city
Affordability Verdict
ACS B25071 estimates median gross rent at 34.1% of renter household income in Hampton city, which is between the 30% and 50% rent-burden benchmarks. This is a median percentage among renter-occupied units, not the share of households above a threshold.
Rent vs. Own
Median gross rent is $1,427 per month; median selected monthly owner costs are $1,424. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $57,080 in annual gross income would allocate 30% to the county's median gross rent. This is a reproducible illustration, not evidence that a particular household can afford housing.
Regional Context
The Virginia unweighted mean of county median rents is $1,170 per month. Hampton city's $1,427 median is 22.0% above that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Hampton city
Rent Burden
24.6%
of gross income
Max Housing (28% Rule)
$1,624
per month
Owner Cost Burden
24.5%
of gross income
The median home in Hampton city may be a stretch
Median home value is $245,700. Estimated monthly cost: $1,962 vs. your max of $1,624.
Rent Affordability Guide
Income Needed Calculator
See how much you need to earn to comfortably afford housing
$0/yr
Needed to stay within recommended threshold
$0/yr
Needed to stay within recommended threshold
$0/yr
Needed to stay within recommended threshold
Based on the 30% rule for rent and 28% rule for housing costs (mortgage + owner costs). Mortgage estimate assumes 20% down, 7.2% interest, 30-year fixed.
Frequently Asked Questions
What is the cost of living in Hampton city, Virginia?
What is the median rent in Hampton city?
Is Hampton city affordable?
How does Hampton city's rent compare to the state average?
What is the median home value in Hampton city?
Counties with Similar Housing Costs
Planning a Move?
Researching the cost of living in Hampton city, Virginia? Compare moving quotes from top providers and save on your relocation.
Compare Moving QuotesCompare Mortgage Rates in Hampton city
Whether you're buying in Hampton city, Virginia, or refinancing, compare rates from top lenders using the terms each lender provides.
See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2020-2024). Data is informational only and is not personalized financial advice.
CostByCounty participates in affiliate programs. We may earn a commission when you use our links, at no extra cost to you.