Is Virginia Beach, VA affordable on a $1,000,000 salary?
YES
On $1,000,000/yr, the typical $371,181 home in Virginia Beach, VA needs $116,210/yr ($2,712/mo). Your gap: +$883,790 — housing would be 3.3% of your gross income.
The math
371,181 price − 10% down (37,118) = 334,063 loan
30-yr fixed at 7.18% on 334,063 = 2,263/mo principal+interest
+ 449/mo est. taxes+insurance (1.45%/yr of value — national placeholder)
2,712/mo PITI ÷ 0.28 = 9,684/mo → 116,210/yr required
against Zillow ZHVI 2026-09 and the 7.18% FRED 30-yr rate (2026-11-05).
What salary WOULD clear Virginia Beach, VA?
You need about $116,210/yr for the typical home. On $1,000,000 you already clear it by $883,790.