Cost of Living in Chesapeake, VA
Housing
The housing market plays a significant role in determining the cost of living in Chesapeake, VA.
- Housing Index: 110.0 / 100
- Median Home Price is: $347,000
- Average Rent (2 BR Apartment): $1800 per month
- Average Rent (2 BR House): $1840 per month
Located in VA, Chesapeake boasts a vibrant population of , which contributes to its diverse community. With a median age of , the area is appealing to both families and professionals alike. The median income of signifies a strong economic environment, while the relatively low poverty level of reflects a stable standard of living. Additionally, an unemployment rate of suggests job security within the community. Married families make up 43% of the households, showcasing a family-friendly atmosphere, ideal for those contemplating relocation.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Chesapeake, VA.
- Electricity Price: $15.31 USD (median by state)
- Natural Gas Price: $19.91 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Chesapeake, VA could entail higher utility costs. Electricity costs sit at $15.31, while natural gas is priced at $19.91 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Chesapeake is a financially viable option for your relocation.