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Virginia Net Worth Calculator — Updated 2026
Virginia (VA) · State tax: 5.75% · Property tax: 0.80% · Median home (ZHVI): $385,000
As of · Sources: Zillow ZHVI, Tax Foundation, Census ACS, Freddie Mac PMMS
For most Virginia residents, their home is the single largest asset on the net worth statement. With a median home price of $385,000, homeowners in Virginia start with a significant property-based net worth component, offset by mortgage debt. Property values across the state vary widely, but the cost of living index of 101.3 provides context for overall asset and liability levels. The 5.75% state income tax reduces the rate at which you can accumulate assets from earned income, making employer retirement matches and tax-advantaged savings especially valuable. Track your net worth quarterly to measure progress — include home equity, retirement accounts, liquid savings, and subtract all debts.
Virginia Financial Snapshot (2026) — Net Worth Calculator
Median income + cost-of-living scale the savings rate for the net worth calculator in Virginia. Every row cites a primary public dataset. Numbers reflect the most recent vintage available; refresh cadence is documented in the methodology.
How the Net Worth Calculator Math Works Under Virginia Law
The Net Worth Calculator runs a well-known formula (principal × rate, discounted cash flow, amortization, or equivalent) client-side and layers on Virginia's tax and cost-of-living inputs. State-specific numbers — brackets, exemptions, and averages — come from public federal / state datasets cited in the sources section.
Local context: Virginia
Housing economics in Virginia. The median home value runs 7.5% above the U.S. baseline for Virginia is $385,000 per Zillow's home-value index. Effective property tax sits at 0.80% of assessed value, below the 0.99% national average tracked by the Tax Foundation. Lenders in Virginia have quoted 6.30% on the 30-year fixed product over the trailing four-week window per Freddie Mac PMMS — the prevailing posted rate before any borrower-specific lock-ins.
Income and tax climate. Median household income in Virginia reaches $89,930 per the ACS five-year vintage, pulling above the $78,538 U.S. median. Virginia's top marginal state income tax bracket lands at 5.75% — compared to the volume-weighted national average around 4-5%. BEA's Regional Price Parity scores Virginia at 101.3 (national = 100), meaning a dollar in Virginia buys 99¢ of national purchasing power.
How Virginia's economic profile shapes the calculation. Every calculator on this page that takes a state-level input uses the values surfaced above as its default. Override any field to model your own scenario; the math reruns instantly in your browser. No inputs are transmitted to any server — the saved-state feature persists to your device's local storage only.
Local context as of 2026-06-25. Live data sources are listed in the Sources section below; each metric carries its own retrieval date.
Virginia versus the U.S. baseline
How does Virginia stack up against the national average on the metrics that drive the calculators on this page? The table below pairs the Virginia-specific reading against the U.S. baseline so you can see at a glance whether your local scenario runs above or below typical. Three to five percentage points of difference on most of these inputs translates into meaningful changes in calculator output — for example, a 50-basis-point difference in mortgage rate moves the monthly payment on a $400,000 30-year loan by roughly $130.
| Metric | Virginia | U.S. baseline | Difference |
|---|---|---|---|
| Median home value[zillow] | $385,000 | $358,000 | 7.5% |
| Property tax rate[tax-foundation] | 0.80% | 0.99% | -19.2% |
| Top marginal income tax[tax-foundation] | 5.75% | ~4.08% (volume-weighted) | 1.7 pp |
| Cost-of-living index (RPP)[bea-rpp] | 101.3 | 100.0 | 1.3 pts |
| Avg homeowners insurance[naic] | $1,040/yr | $1,754/yr | -40.7% |
How to use the Net Worth Calculator
Walk through using the Net Worth Calculator with Virginia-specific defaults pre-loaded from primary sources.
- Pre-fill with local dataEach calculator on this page loads with state- or city-specific defaults pulled live from primary sources (FRED, BLS, Zillow, Freddie Mac PMMS, IRS, BEA). The blue values shown next to each input are the local averages so you can see how your scenario compares to the typical case before changing anything.
- Override the inputs you controlChange any field to model your actual situation. The math reruns in your browser the moment you change a value — no signup, no API call, no data transmission. Hover over the small (i) icon next to each label to see the formula that field feeds and where the default came from.
- Read the derived valuesThe result panel shows the primary calculation (monthly payment, take-home pay, savings projection, etc.) plus the intermediate values that drive it. Each line item is labeled with the formula component it represents so you can verify the arithmetic against any agency publication, textbook, or competing calculator.
- Adjust assumptions and re-runMost calculators have a section for assumption inputs that are easy to overlook — annual raises, expected return, inflation, vacancy rate, depreciation schedule, marginal vs. effective tax treatment. The defaults are conservative; aggressive scenarios usually require explicit overrides.
- Save to "My Numbers"When the inputs match your reality, click Save to "My Numbers". The values persist to your device's local storage (IndexedDB) and reload automatically on your next visit. Nothing is transmitted to any CalcFi server — the saved-state feature is deliberately client-side only for privacy.
- Compare scenarios side by sideMost calculators offer a comparison view that shows two or more scenarios side by side. Use this to model decision points: 15-year vs 30-year mortgage, Roth vs Traditional IRA, salary vs hourly, lease vs buy. The comparison view also produces a shareable summary you can download as PNG or PDF.
Worked Examples: Net Worth Calculator in Virginia Cities
Same formula, different inputs. Each city name links to its own pSEO page where the calculator is pre-filled with local medians.
| City | Median home | Median rent | HUD FMR 2BR | Median income |
|---|---|---|---|---|
| Virginia Beach, VA | $369,238 | $1,819/mo | $1,675/mo | $80,533 |
| Richmond, VA | $391,102 | $1,691/mo | $1,550/mo | $84,405 |
| Roanoke, VA | $295,391 | $1,382/mo | $1,275/mo | $67,447 |
| Chesapeake, VA | $355,000 | $1,450/mo | $1,325/mo | $82,500 |
| Norfolk, VA | $275,000 | $1,250/mo | $1,150/mo | $52,800 |
Sources: Zillow ZHVI + ZORI[1], HUD FMR[2], Census ACS[3], Freddie Mac PMMS[4].
How Virginia Compares to Neighboring States
Moving one state over changes the net worth numbers. Compare median home value (Zillow ZHVI), top marginal income tax rate, effective property tax rate, and the BEA all-items Regional Price Parity across Virginia and its border states.
| State | Median home | Top inc tax | Prop tax rate | RPP (US=100) |
|---|---|---|---|---|
| Virginia (this page) | $385,000 | 5.75% | 0.80% | 101.3 |
| Kentucky equivalent | $205,000 | 4.00% | 0.83% | 89.9 |
| Maryland equivalent | $415,000 | 5.75% | 1.09% | 104.6 |
| compare to North Carolina | $330,000 | 4.25% | 0.82% | 94.4 |
| Tennessee | $325,000 | None | 0.71% | 92.1 |
Sources: Zillow ZHVI[1], state Departments of Revenue / Tax Foundation[2], Tax Foundation property taxes[3], BEA Regional Price Parities[4].
What Changes Your Result in Virginia
- Virginia cost-of-living drag:Line-item costs in Virginia deviate from the US mean by whatever the BEA all-items RPP deviates from 100. Weight your budget toward the state average rather than the national average.
Related Calculations for Virginia
These calculators share inputs with the net worth formula, so pair them to pressure-test your answer from multiple angles.
- Virginia's savings rate rules — savings rate drives net worth trajectory.
- Virginia estate tax numbers for 2026 — estate tax applies when net worth exceeds exemption threshold.
How Virginia Compares
| Metric | Virginia | National Avg | KY | MD | NC |
|---|---|---|---|---|---|
| Median Home Price | $385,000 | $420,000 | $265,000 | $415,000 | $365,000 |
| Property Tax Rate | 0.8% | 1.07% | 0.85% | 1.09% | 0.84% |
| State Income Tax | 5.75% | 4.6%* | 5% | 5.75% | 4.99% |
| Avg Insurance Cost | $1,040/yr | $1,544/yr | $1,440/yr | $1,440/yr | $1,440/yr |
| Cost of Living Index | 101.3 | 100 | 88 | 113 | 98 |
| Household Income — p25 | $48,000 | $41,401 | $31,035 | $52,010 | $35,000 |
| Household Income — p50 (median) | $97,646 | $83,592 | $64,553 | $109,720 | $67,112 |
| Household Income — p75 | $180,050 | $153,000 | $122,016 | $189,201 | $127,721 |
*Average of states that levy an income tax. 2026 estimates. Virginia's 5.75% top rate kicks in at just $17,001 — functionally a near-flat tax for most residents.[3] Income percentiles from DQYDJ/Census CPS 2024[4].
Virginia Financial Planning Tips
Virginia's median household income is $89,930 — a key baseline for calibrating financial targets with this tool. Virginia's cost of living is at or above the national average (RPP index 101). Virginia's top marginal state income tax rate is 0.06%. These three factors — income, cost of living, and taxes — together determine the real net financial margin available to reach any savings or investment goal.
Virginia's cost-of-living index (RPP 101) is 1 points above the national 100 baseline. A dollar in Virginia buys less in goods and services than the national average. When using this financial calculator, remember that nominal targets should be scaled to the local COL index to reflect real purchasing power in Virginia.
Regional CPI YoY is running ~2.8%, vs ~3.2% nationally. Virginia unemployment sits at 3.1% (below the 4.1% national rate). Labor force participation in Virginia runs about 63.9%, reflecting the share of the working-age population actively engaged in the labor market.
Frequently Asked Questions: Net Worth Calculator in Virginia
How does the net worth work in Virginia?
- The net worth calculator runs the standard client-side formula and layers on Virginia's 5.75% state income tax, 0.8% property tax rate, and cost-of-living index of 101.3. All inputs stay in your browser.
What is Virginia's top marginal income tax rate?
- Virginia's top marginal state income tax rate is 0.06%.
Does Virginia tax Social Security or retirement income?
- Virginia exempts Social Security and taxes pensions/401(k)/IRA at standard rates.
What's the combined sales tax rate in Virginia?
- Virginia's combined sales tax is 5.76% (rank #43 nationally).
Does Virginia have an estate or inheritance tax?
- Virginia levies no state estate tax and no inheritance tax.
Is Northern Virginia affordable?
- Northern Virginia (NoVA) is among the most expensive housing markets in the Mid-Atlantic, with median prices exceeding $600K. VHDA programs help, but buyers should consider commuting from more affordable areas.
Does Virginia have an estate tax?
- No. Virginia has no state estate tax or inheritance tax.
Is the net worth free to use for Virginia residents?
- Yes — the Net Worth Calculator is 100% free, with no signup required. All Virginia-specific numbers (median home price $385,000, property tax 0.8%, 5.75% state income tax) are prefilled from public datasets. Calculations run in your browser; no data is sent to our servers.
Where does the Virginia data on this page come from?
- Data is sourced from the U.S. Census Bureau (ACS), the Tax Foundation, BLS OEWS wage tables, Zillow ZHVI for home values, and Freddie Mac PMMS for mortgage rates. Each number is timestamped and refreshed via our hourly ETL.
How often is the Virginia net worth updated?
- Source data is re-pulled on an hourly cadence for live series (mortgage rates) and on each new vintage release for ACS / Tax Foundation tables. Page caches revalidate every 24 hours via Next.js ISR.
Can I export results from the Virginia net worth?
- Yes — every calculator supports CSV / PDF export from the result panel. No account required. Saves stay in your browser; nothing is uploaded.
Does the net worth replace tax or financial advice?
- No. The Net Worth Calculator provides educational estimates using public data and standard formulas. It is not personalized tax, legal, or investment advice. For decisions with material consequences, consult a licensed professional.
More Calculators
← Back to Net Worth CalculatorRelated Calculators for Virginia
Calculate for Neighboring States
Virginia Financial Data (2026)
- State Income Tax
- 5.75%
- Property Tax Rate
- 0.8%
- Median Home Price
- $385,000
- Annual Property Tax (median home)
- $3,080
- Avg Homeowners Insurance
- $1,040/year
- Cost of Living Index
- 101.3 (100 = avg)
- State Estate Tax
- No
- State Abbreviation
- VA
Compare Virginia with other states
Every number on this page reads from the same CalcFi data repository used by the Live Data pages below — the figures stay consistent.
Home Prices by State
Zillow ZHVI across all 50 states
Property Tax by State
Effective rate × ZHVI = annual bill
Household Income by State
FRED real median + percentile bands
Cost of Living by State
BEA RPP all-items + housing
No-Income-Tax States
Full list + trade-offs
Current Interest Rates
Treasury curve + PMMS + FDIC
How we compute this — methodology
CalcFi pSEO pages combine three inputs: (1) the calculator formula itself, which runs client-side so no inputs leave your browser; (2) state-level financial constants from primary public datasets; and (3) national benchmarks for comparison. The Virginia page uses the property tax rate (0.8%), median home price ($385,000), and 5.75% state income tax from the sources listed below.
Refresh cadence:state tax brackets and minimum wage rates are reviewed annually after each state's legislative session. Property tax, median home price, insurance, and cost-of-living figures are reviewed annually against the primary sources. Income percentiles are refreshed when the Census CPS/IPUMS releases update (typically September). Page-level dateModified matches the last editorial review date, shown above.
Known limits: statewide averages mask large intra-state variance — county-level property tax and metro-level home prices differ significantly from the figures shown. For the most precise calculations, cross-check the output against your actual county assessor and the latest federal/state tax tables at filing time.
More Cities in Virginia
Use Net Worth Calculator for any city in Virginia.
Related Calculators & States
Related Calculators for Virginia
National reference: Net Worth Calculator
Sources
Every number on this page cites a primary public dataset. Last reviewed (auto-bumped by the next ISR refresh after an ETL run).
- U.S. Department of Labor, Wage and Hour Division — State Minimum Wage Laws. dol.gov/agencies/whd/minimum-wage/state. Retrieved 2026-06-11.
- Tax Foundation — State Individual Income Tax Rates and Brackets. taxfoundation.org/data/all/state/state-income-tax-rates-2025. Retrieved 2026-06-11.
- Composite state financial context (median home price, property tax effective rate, cost of living index) cross-referenced against the primary sources below.
- Census Current Population Survey / IPUMS CPS (income year 2024) via DQYDJ state tools. dqydj.com. Retrieved 2026-06-11.
- FRED (Federal Reserve Economic Data) — real median household income, unemployment, HPI, LFPR per state — fred.stlouisfed.org. Retrieved 2026-06-11.
- Internal Revenue Service — federal individual income tax brackets and standard deductions — www.irs.gov/forms-pubs/about-publication-17. Retrieved 2026-06-11.
- FDIC — National Deposit Rates (savings, checking, CD) — www.fdic.gov/resources/bankers/national-rates. Retrieved 2026-06-11.
- U.S. Census Bureau — American Community Survey (ACS) 5-year estimates — www.census.gov/programs-surveys/acs. Retrieved 2026-06-11.
- Zillow Research — ZHVI (Zillow Home Value Index) + ZORI (Zillow Observed Rent Index) — www.zillow.com/research/data. Retrieved 2026-06-11.
- Freddie Mac Primary Mortgage Market Survey (PMMS) — weekly national mortgage rates — www.freddiemac.com/pmms. Retrieved 2026-06-11.
- Tax Foundation — Property Taxes Paid as % of Owner-Occupied Housing Value; State Tax Rates and Brackets; Estate/Inheritance; Social Security Taxation — taxfoundation.org/data/all/state. Retrieved 2026-06-11.
- NAIC Dwelling Fire, Homeowners Owners, and Homeowners Tenants Insurance Report — content.naic.org/article/homeowners-insurance-report. Retrieved 2026-06-11.
- State Departments of Revenue — official bracket + deduction publications (one primary URL per state; linked in the brackets table below) — taxfoundation.org/data/all/state/state-income-tax-rates. Retrieved 2026-06-11.
- Bureau of Economic Analysis — Regional Price Parities by State — www.bea.gov/data/prices-inflation/regional-price-parities-state-and-metro-area. Retrieved 2026-06-11.
- U.S. Department of Labor — State Minimum Wage Laws — www.dol.gov/agencies/whd/minimum-wage/state. Retrieved 2026-06-11.
- HUD Fair Market Rents — 50th-percentile 2-bedroom FY — www.huduser.gov/portal/datasets/fmr.html. Retrieved 2026-06-11.
- BLS Occupational Employment and Wage Statistics (OEWS) — state-level occupational wages — www.bls.gov/oes. Retrieved 2026-06-11.
CalcFi does not sell data. If you spot an error, email hello@calcfi.app with the URL and the correct figure.