Starting a Business in Virginia Beach city, VA

What does it cost to start a business in Virginia Beach city? Here are the numbers.

Avg Startup Cost

$65,658

Monthly Overhead

$2,352

Est. Break-Even

30 mo

Runway

28 mo

Local Business Economics

Cost Factors

Commercial Rent (est.)$2,352/mo
Median Household Income$87,544
Property Tax Rate0.8%

Population (market size)457,900

Market Context

Median Home Value$343,700
Homeownership Rate64.6%
Median Rent$1,568/mo

CountyVirginia Beach city

About Virginia Beach city, Virginia

Virginia Beach city in Virginia has a population of 457,900 and a median household income of $87,544. The larger population base provides a strong potential customer pool for new businesses.

These are starting estimates based on county-level data. Your actual startup costs depend on your industry, business model, location within the county, and dozens of other factors. Use our calculator for a detailed viability analysis.

Analyze Your Business Viability in Virginia Beach city

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Other Counties in Virginia

County-level data from U.S. Census Bureau American Community Survey (ACS) 2022 5-Year Estimates. Additional sources: SBA, BLS. Estimates based on county-level medians. This is not financial advice.