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Wallops Island, VA Utility & Living Guide
Wallops Island is a six-square-mile (16 km2) island in Accomack County, Virginia, part of the Virginia Barrier Islands that stretch along the eastern seaboard of the United States. It is just south of Chincoteague Island, a popular tourist destination.
Monthly Utility Costs
$140/mo
—
$50/mo
$30/mo
$70/mo
Housing Market
| Rent & Property | |
|---|---|
| 1 Bedroom | $1100/mo |
| 2 Bedrooms | $1400/mo |
| 3 Bedrooms | $1900/mo |
| Median Home Price | $280,000 |
| Property Tax Rate | 0.85% |
| Avg Childcare/mo | $900 |
The housing market in Wallops Island is relatively small, with a mix of single-family homes and vacation rentals. Prices have been steadily increasing in recent years, driven by demand from retirees and outdoor enthusiasts. However, the market remains relatively affordable compared to other coastal areas in the state.
Cost of Living
105
+5% above national average
102
98
100
$900
Tax Rates
| Tax Overview | |
|---|---|
| Total Sales Tax | 5.3% |
| Property Tax Rate | 0.85% |
| <p>State 4.3% + Local 1%</p> | |
Virginia has a progressive state income tax, with rates ranging from 2% to 5.75%. Residents of Wallops Island are also subject to federal income tax.
Family & Relocation
60
7/10
$900/mo
City Pulse
The public transit system in Wallops Island is limited, but the area is relatively flat and easy to navigate on foot or by bike, with some sidewalks and crosswalks in place.
- Assateague Island National Seashore
- Chincoteague Island
- Wallops Island Beach
Best Neighborhoods for Families
Household Budget Calculator
Estimate your real monthly cost of living in Wallops Island based on your household profile.
📰 Live Local News
Wallops Island has regulations in place to protect the local environment and wildlife, including restrictions on beach activities and development.
Financial Tools
- Income Tax CalculatorEstimate take-home pay by state
- Mortgage CalculatorMonthly payment estimator
- Affordability CalculatorHow much home can you afford?
- Childcare Cost EstimatorCompare daycare costs by city
- Retirement PlannerRetirement readiness check
- Car Lease CalculatorMonthly lease payment estimator
- Savings CalculatorGrow your emergency fund
- City Comparison ToolCompare cities side by side
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📊 Wallops Island — Census & Demographic Data
Official data from the US Census Bureau, American Community Survey.
☀️ Seasonal Utility Costs
Utility costs in Wallops Island tend to be higher in the summer months, when air conditioning is in use, and lower in the winter months, when heating demands are reduced. However, the area's mild climate means that utility costs remain relatively stable throughout the year, with some fluctuations due to extreme weather events.
🏛️ Local Tax Details
The ZIP code 23337 has a property tax millage rate of 0.85, with no local surtaxes. However, residents may be subject to additional taxes and fees for services such as solid waste collection and stormwater management.
👶 Family & Stroller Friendliness
6, with explanation: while the area has some sidewalks and crosswalks, the lack of public transit and limited bike infrastructure can make it difficult to get around without a car, and some areas have limited accessibility for strollers and wheelchairs.
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