Comparison Highlights
| Cost of Living Indexes | Chesapeake, VA | Alexandria, VA |
|---|---|---|
| Overall Index: Homeowner, No Child care, Taxes Not Considered | 103.3 | 140.3 |
| Food & Groceries | 100.0 | 112.6 |
| Housing (Homeowner) | 116.9 | 234.5 |
| Median Home Cost | $314,600 | $585,300 |
Is it expensive to live in Chesapeake VA?
The overall average cost of living in Chesapeake VA is about 10 percent higher than the national average, and about 8 percent higher than Virginia’s state average. Its increased cost of living is primarily due to housing costs, but about half of Chesapeake homes on the market are less than $300,000.
How much does it cost to live comfortably in Virginia?
Average Cost of Living in Virginia: $42,757 per year
Good news for those drawn to the land of America’s forefathers: All told, Virginia’s cost of living is relatively reasonable. While it’s not one of the cheapest states in the nation, it’s not one of the most expensive either.
What is the average monthly cost of living in Virginia?
Housing Costs in Virginia
| Metro Area* | Average Home Price | Average Monthly Rent* |
|---|---|---|
| Richmond | $339,453 | $1,234 |
| Hampton Roads | $347,649 | $1,256 |
| Alexandria | $909,390 | $2,105 |
| Arlington | $965,933 | $2,5818 |
What is the average household income in Chesapeake VA?
Table
| Population | ||
|---|---|---|
| Mean travel time to work (minutes), workers age 16 years+, 2016-2020 | 26.3 | 28.6 |
| Income & Poverty | ||
| Median household income (in 2020 dollars), 2016-2020 | $81,261 | $76,398 |
| Per capita income in past 12 months (in 2020 dollars), 2016-2020 | $37,420 | $41,255 |
Is it cheaper to live in Norfolk or Virginia Beach?
Norfolk is 13.1% less expensive than Virginia Beach. Norfolk housing costs are 30.7% less expensive than Virginia Beach housing costs. Health related expenses are 0.2% more in Norfolk.
How much are utilities in Chesapeake VA?
In Chesapeake, VA, the average monthly electricity bill for residential consumers is $159/month, which is calculated by multiplying the average monthly consumption by the average rate for electricity: 1,279 kWh * 12 ¢/kWh.
What is a good wage in Virginia?
$23.25 is the 25th percentile. Wages below this are outliers. $46.98 is the 90th percentile. Wages above this are outliers.
What are Top 10 Highest Paying Cities for Average Jobs in Virginia.
| City | Hampton |
|---|---|
| Annual Salary | $60,971 |
| Monthly Pay | $5,081 |
| Weekly Pay | $1,173 |
| Hourly Wage | $29.31 |
How much income do you need to live in Virginia?
How much money do you need to live comfortably in Virginia? According to livingwage.mit.edu, a living wage calculator based at MIT, you’ll need a salary of at least $26,631 if you have no children. If you are one adult with two children, you’ll need $61,780 after taxes.
Which state has lowest cost of living?
Mississippi
Mississippi. Mississippi has the lowest cost of living in the United States. With a cost of living index of 83.3, expenses are nearly 17% less than the national average. Mississippi’s housing costs are the lowest in the nation.
Is it cheaper to live in VA or NC?
North Carolina is 11.0% cheaper than Virginia.
Why is rent so high in Virginia?
There are many factors as to why some are seeing steep increases right now and almost all are tied to the pandemic. Virginia Apartment Management Association CEO Patrick McCloud cites low vacancy, inflation, low supply and rental assistance programs.
What is the best area to live in Virginia?
Here are the best places to live in Virginia
- #8. Franklin Farm.
- #7. South Riding. – Population: 31,515.
- #6. Broadlands. – Population: 13,576.
- #5. Short Pump. – Population: 28,328.
- #4. Arlington. – Population: 233,464.
- #3. Innsbrook. – Population: 8,888.
- #2. Cascades. – Population: 11,389.
- #1. Stone Ridge. – Population: 14,220.
Is Chesapeake Virginia a nice place to live?
Chesapeake is also a safe city and crime is generally moderate to average for a city of its size. Chesapeake has received credit for its diversity and was rated the 21st best city in the U.S. by Bloomberg Businessweek in 2011. If you are thinking of moving to Virginia, then Chesapeake is a great option.
What percentage of Chesapeake is black?
Chesapeake Demographics
Black or African American: 29.67%
Does it flood in Chesapeake Virginia?
Most of the City of Chesapeake is susceptible to some level of flooding, and officials encourage all property owners and renters to contact an insurance agent to inquire about purchasing flood insurance.
Where should I live if I work in Virginia Beach?
Virginia Beach has plenty of great areas to choose from depending on what you’re looking for.
Best Places to Live in Virginia Beach
- Alanton/Baycliff.
- Asheville Park.
- Bay Colony.
- Christopher Farms.
- North End.
- Little Neck.
- Pungo.
Is it worth moving to Virginia Beach?
Virginia Beach is known as an ideal remote working destination as well with its skilled workforce, diverse economy, low tax rates, and beautiful scenery. VirginiaBeach is a resort city with hundreds of hotels and restaurants along the oceanfront. It’s also an independent city with a population of about 459,470.
What is the safest place to live in Virginia Beach?
If you’re thinking of living in Virginia Beach, here are five safe and affordable neighborhoods to consider!
- Dam Neck.
- Great Neck.
- Kempsville.
- Seatack.
- Thoroughgood.
How much is water bill in Chesapeake?
Water Rates: The cost is $47.56 for the first 600 cubic feet (CF) every two (2) months and $5.36 per consumption* above that amount. Your rate for water is made up of two components: a minimum service charge and a consumption charge that is measured in hundred cubic feet (CCF) from your meter readings.
How much does a gallon of water cost in Virginia?
Water Rates
| Water Usage Rate – This rate is based on consumption. | Per 1,000 Gallons | |
|---|---|---|
| $ 4.90 | ||
| Water Service Availability Charge – This is a monthly rate based on meter size. | Meter Size | Monthly Charge |
| 5/8″ | $ 4.41 | |
| 3/4″ | $ 5.56 |