Salary & Cost of Living in Suffolk, VA
Suffolk, VA: $62,000 median salary, cost of living index 96, $12.41/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$62,000
$30/hr
Cost of Living
96
US avg = 100
Minimum Wage
$12.41
per hour
Unemployment
3%
rate
Suffolk, VA Overview
Population
94,324
Median Salary
$62,000
Average Salary
$68,000
Avg Commute
28 min
Median Home Price
$280,000
Median Rent
$1,200/mo
Job Growth
+2%
Sales Tax
6%
Suffolk is located in Virginia with a population of 94,324. The median household salary is $62,000 per year ($30/hour), which is $2,616 above the national median of $59,384. The average commute time is 28 minutes, and the city has a job growth rate of +2%.
Suffolk Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Suffolk, VA, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$48,291
$4,024.21/month · $1,857.33/biweekly · Effective Rate: 22.1%
Gross Pay
$62,000
Federal Tax
-$5,402
State Tax
-$3,565
Local Tax
$0
FICA
-$4,743
Net Pay
$48,291
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $5,166.67 | $62,000.00 |
| Federal Income Tax | -$450.13 | -$5,401.50 |
| Virginia State Tax (5.75%) | -$297.08 | -$3,565.00 |
| Social Security (6.2%) | -$320.33 | -$3,844.00 |
| Medicare (1.45%) | -$74.92 | -$899.00 |
| Net Take-Home Pay | $4,024.21 | $48,290.50 |
Salary Comparison: Suffolk vs Other Cities
See how Suffolk's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Suffolk, VA | $62,000 | 96 | $64,583 |
| National Average | $59,384 | 100 | $59,384 |
| Tempe, AZ | $62,000 | 105 | $59,048 |
| Wilmington, DE | $62,000 | 105 | $59,048 |
| Fort Lauderdale, FL | $62,000 | 118 | $52,542 |
| Miramar, FL | $62,000 | 112 | $55,357 |
Adjusted salary reflects purchasing power when cost of living is factored in. A higher adjusted salary means your money goes further.
Cost of Living in Suffolk
Suffolk's cost of living index is 96 (national average = 100). Living in Suffolk is 4% less expensive than the national average.
Median Home Price
$280,000
Median Monthly Rent
$1,200
Annual Rent Cost
$14,400
Your Salary's Purchasing Power
Your $48,291 annual take-home pay in Suffolk has the purchasing power of approximately $50,303 in an average-cost US area. Your $62,000 salary stretches further here than in most US cities.
Top Industries in Suffolk
Suffolk's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $62,000.
Salary Tips for Suffolk Workers
- Maximize pre-tax deductions. With a 5.75% state income tax rate, maximizing 401(k) contributions (up to $23,500 in 2026) and HSA contributions can significantly reduce both your federal and state tax burden.
- Research top industries. Suffolk's top industries include Military, Agriculture, Healthcare. Targeting roles in these sectors can help you earn above the $62,000 median salary.
- Review your W-4 withholding. If you regularly receive large tax refunds, adjust your W-4 to increase your per-paycheck take-home pay instead of giving the government an interest-free loan.
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Frequently Asked Questions
What is the median salary in Suffolk, VA?
The median salary in Suffolk, VA is $62,000 per year, or $30 per hour. The average salary is $68,000. This is $2,616 above the national median of $59,384.
What is the cost of living in Suffolk, VA?
Suffolk's cost of living index is 96 (national average = 100), meaning it is 4% less expensive compared to the national average. The median home price is $280,000 and the median monthly rent is $1,200.
What are the best industries in Suffolk?
The top industries in Suffolk, VA include Military, Agriculture, Healthcare. The city has a job growth rate of 2% and an unemployment rate of 3%. Workers in these industries often earn above the city's median salary of $62,000.
How does Suffolk's salary compare to other cities?
Suffolk's median salary of $62,000 is 4.4% above the national median of $59,384. However, when adjusted for cost of living (index: 96), the real purchasing power is approximately $64,583.
What is the minimum wage in Suffolk, VA?
The minimum wage in Suffolk, VA is $12.41 per hour. This equals approximately $25,813 per year for a full-time worker (40 hours/week). This is $5.16 above the federal minimum wage of $7.25/hour.