Executive Financial Report: Port Haywood (23138)
Planning a relocation to or managing a household budget in Port Haywood, VA (23138) requires a clear understanding of baseline financial requirements. As a single adult, living comfortably in this area demands an estimated $3,357 per month in essential expenditures.
With typical rent and housing utilities averaging an affordable $742 per month—just 22% of baseline expenses—Port Haywood offers exceptionally competitive housing costs compared to wider metropolitan averages across Virginia.
Local earnings in Port Haywood (23138) demonstrate strong purchasing power. The area median family income of $68,953 significantly exceeds the annual baseline living threshold ($40,287.815) by a ratio of 1.71x. This economic buffer allows local households to comfortably absorb inflationary spikes and build long-term wealth.
On the expenditure side, groceries and essential nutrition require approximately $276 per month in Port Haywood. Direct tax liabilities consume an estimated $559 monthly (17% of total baseline expenses). Factoring local tax structures into annual compensation planning is highly recommended.
Overall, Port Haywood (23138) presents a distinct economic profile within Mathews. Whether you are relocating for career advancement or evaluating localized living expenses, utilizing our interactive tools below will help you tailor these baseline figures to your exact household composition and salary.