Discretionary Income in Chesapeake, VA in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Chesapeake, VA is ranked 212th out of the top 333 most populated cities in the U.S. for having the highest discretionary income. Therefore, it is considered as one of the cities, where on average per month, you will have less money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Chesapeake, VA
Gross Salary
$8,333
Taxes
$1,663
Cost of Living
$3,879
Discretionary Income
$2,791
With a gross annual salary of $100,000 in Chesapeake, VA, you would need to deduct approximately $1,663 per month for taxes. Given that the average cost of living in Chesapeake is $3,879, you would have around $2,791 remaining in your pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Chesapeake, VA, regardless of household composition or number of income earners.
Salary and Discretionary Income Per Gross Salary Level in Chesapeake, VA in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Chesapeake, VA |
|---|---|
| $30,000 | -$1,647 |
| $40,000 | -$964 |
| $50,000 | -$281 |
| $60,000 | $391 |
| $70,000 | $991 |
| $80,000 | $1,591 |
| $90,000 | $2,191 |
| $100,000 | $2,791 |
| $110,000 | $3,390 |
| $120,000 | $3,973 |
| $130,000 | $4,556 |
| $140,000 | $5,140 |
| $150,000 | $5,723 |
| $175,000 | $7,181 |
| $200,000 | $8,613 |
| $250,000 | $11,184 |
| $300,000 | $13,642 |
| $350,000 | $16,100 |
| $400,000 | $18,559 |
| $450,000 | $21,017 |
| $500,000 | $23,475 |
Discretionary Income in Chesapeake, VA in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Chesapeake, VA is ranked 218th out of the top 333 most populated cities in the U.S. for having the highest discretionary income for singles. Therefore, it is considered as one of the cities, where on average per month, you will have less money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Chesapeake, VA
Gross Salary
$8,333
Taxes
$1,663
Cost of Living
$2,594
Discretionary Income
$4,076
With a gross annual salary of $100,000 in Chesapeake, VA, a single person would need to deduct approximately $1,663 per month for taxes. Considering the average cost of living in Chesapeake is $2,594, singles would have around $4,076 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Chesapeake, VA, assuming that the gross salary is earned by a single person.
Salary and Discretionary Income Per Gross Salary Level in Chesapeake, VA in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Chesapeake, VA |
|---|---|
| $30,000 | -$362 |
| $40,000 | $321 |
| $50,000 | $1,004 |
| $60,000 | $1,676 |
| $70,000 | $2,276 |
| $80,000 | $2,876 |
| $90,000 | $3,476 |
| $100,000 | $4,076 |
| $110,000 | $4,674 |
| $120,000 | $5,258 |
| $130,000 | $5,841 |
| $140,000 | $6,424 |
| $150,000 | $7,008 |
| $175,000 | $8,466 |
| $200,000 | $9,897 |
| $250,000 | $12,469 |
| $300,000 | $14,927 |
| $350,000 | $17,385 |
| $400,000 | $19,844 |
| $450,000 | $22,302 |
| $500,000 | $24,760 |
Discretionary Income in Chesapeake, VA in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Chesapeake, VA is ranked 215th out of the top 333 most populated cities in the U.S. for having the highest discretionary income for couples. Therefore, it is considered as one of the cities, where on average per month, you will have less money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Chesapeake, VA
Gross Salary
$8,333
Taxes
$1,663
Cost of Living
$3,872
Discretionary Income
$2,798
With a gross annual salary of $100,000 in Chesapeake, VA, a couple would need to deduct approximately $1,663 per month for taxes. Considering the average cost of living in Chesapeake is $3,872, couples would have around $2,798 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Chesapeake, VA, assuming that the gross salary is earned by a couple.
Salary and Discretionary Income Per Gross Salary Level in Chesapeake, VA in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Chesapeake, VA |
|---|---|
| $30,000 | -$1,640 |
| $40,000 | -$957 |
| $50,000 | -$273 |
| $60,000 | $398 |
| $70,000 | $998 |
| $80,000 | $1,598 |
| $90,000 | $2,198 |
| $100,000 | $2,798 |
| $110,000 | $3,397 |
| $120,000 | $3,980 |
| $130,000 | $4,563 |
| $140,000 | $5,147 |
| $150,000 | $5,730 |
| $175,000 | $7,188 |
| $200,000 | $8,620 |
| $250,000 | $11,191 |
| $300,000 | $13,649 |
| $350,000 | $16,108 |
| $400,000 | $18,500 |
| $450,000 | $20,875 |
| $500,000 | $23,250 |
Discretionary Income in Chesapeake, VA in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Chesapeake, VA is ranked 207th out of the top 333 most populated cities in the U.S. for having the highest discretionary income for single parents. Therefore, it is considered as one of the cities, where on average per month, you will have less money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Chesapeake, VA
Gross Salary
$8,333
Taxes
$1,402
Cost of Living
$3,717
Discretionary Income
$3,214
With a gross annual salary of $100,000 in Chesapeake, VA, a single parent would need to deduct approximately $1,402 per month for taxes. Considering the average cost of living in Chesapeake is $3,717, single parents would have around $3,214 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Chesapeake, VA, assuming that the gross salary is earned by a single parent.
Salary and Discretionary Income Per Gross Salary Level in Chesapeake, VA in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Chesapeake, VA |
|---|---|
| $30,000 | -$1,419 |
| $40,000 | -$725 |
| $50,000 | -$42 |
| $60,000 | $642 |
| $70,000 | $1,325 |
| $80,000 | $2,008 |
| $90,000 | $2,614 |
| $100,000 | $3,214 |
| $110,000 | $3,814 |
| $120,000 | $4,407 |
| $130,000 | $4,991 |
| $140,000 | $5,574 |
| $150,000 | $6,157 |
| $175,000 | $7,616 |
| $200,000 | $9,074 |
| $250,000 | $11,677 |
| $300,000 | $14,140 |
| $350,000 | $16,599 |
| $400,000 | $19,057 |
| $450,000 | $21,515 |
| $500,000 | $23,974 |
Discretionary Income in Chesapeake, VA in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Chesapeake, VA is ranked 218th out of the top 333 most populated cities in the U.S. for having the highest discretionary income for families. Therefore, it is considered as one of the cities, where on average per month, you will have less money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Chesapeake, VA
Gross Salary
$8,333
Taxes
$1,161
Cost of Living
$5,333
Discretionary Income
$1,839
With a gross annual salary of $100,000 in Chesapeake, VA, a family would need to deduct approximately $1,161 per month for taxes. Considering the average cost of living in Chesapeake is $5,333, families would have around $1,839 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Chesapeake, VA, assuming that the gross salary is earned by the family head(s).
Salary and Discretionary Income Per Gross Salary Level in Chesapeake, VA in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Chesapeake, VA |
|---|---|
| $30,000 | -$2,977 |
| $40,000 | -$2,277 |
| $50,000 | -$1,578 |
| $60,000 | -$894 |
| $70,000 | -$211 |
| $80,000 | $472 |
| $90,000 | $1,156 |
| $100,000 | $1,839 |
| $110,000 | $2,522 |
| $120,000 | $3,182 |
| $130,000 | $3,782 |
| $140,000 | $4,382 |
| $150,000 | $4,982 |
| $175,000 | $6,482 |
| $200,000 | $7,982 |
| $250,000 | $10,929 |
| $300,000 | $13,846 |
| $350,000 | $16,763 |
| $400,000 | $19,625 |
| $450,000 | $22,209 |
| $500,000 | $24,768 |