Minimum Wage Calculators Virginia

Virginia Minimum Wage Calculator 2026

Virginia minimum wage: $12/hr (tipped: $2.13/hr). Calculate annual salary, monthly income, and take-home pay at minimum wage.

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Virginia Quick Facts
5.8% Income Tax Rate
0.82% Property Tax Rate
$80,615 Median Income
103.7 Cost of Living

How This Calculator Works

Calculation methodology and assumptions

This calculator computes annual, monthly, and weekly earnings at Virginia's minimum wage of $12/hr. For tipped employees, the base rate is $2.13/hr. The federal minimum wage is $7.25/hr — Virginia's rate is higher, so the state rate applies. Calculations assume no overtime and consistent hours.

Key State Information

Virginia minimum wage: $12/hr. Tipped rate: $2.13/hr. Virginia allows a tip credit, meaning employers can pay tipped employees $2.13/hr as long as tips bring total compensation to at least $12/hr.

Standard financial formulas Pre-filled with real state data Estimates only — not financial advice
Data Source
US Department of Labor
View Original Source | Verified 2024-12-01 | Updated annually

Frequently Asked Questions

What is the minimum wage in Virginia in 2026?

Virginia's minimum wage is $12/hr as of 2026. For tipped employees, the minimum is $2.13/hr. Working 40 hours/week, 52 weeks/year, this equals approximately $24,960 gross annual income.

Is Virginia's minimum wage going up?

Many states have scheduled annual minimum wage increases tied to inflation (CPI). Check Virginia's Department of Labor for upcoming rate changes. Several states are gradually increasing toward $15/hr.

Can you live on minimum wage in Virginia?

Virginia's cost of living index is 103.7 (100 = national average). At $12/hr full time, you'd earn about $24,960/year before taxes. This would be challenging but slightly more manageable than in high-cost states.

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