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Everything else equal, I think we can all agree that living in a cheaper place is better than living in a more expensive place.
I'd much rather pay $500/mo in rent than $1,000. And I'd rather pay $2 for coffee than $5.
And while every neighbhorhood in Chesapeake might be more expensive than living in rural Virginia, there are certain neighborhoods that are definitely cheaper.
So what exactly are those Chesapeake neighborhoods where your dollar goes a little further -- you can get that one bedroom instead of the studio?
Instead of relying on public opinion and speculation, we wanted to get the facts straight and find out which neighborhoods in Chesapeake are the cheapest.
The Cheapest Neighborhoods In Chesapeake For 2022
What's the cheapest neighborhood to live in Chesapeake for 2022? According to the most recent census data, Deep Creek North looks to be the cheaptest Chesapeake neighborhood to live in.
At this point we should make it clear that you do get what you pay for -- some of these neighborhoods might not be the best places to live in Chesapeake. You could be sacrificing location or crime rates in return for more space and cheaper groceries.
Read on to see how we determined the places around Chesapeake that deserve a little bragging rights or maybe you're interested in the worst neighborhoods in Chesapeake.
Once you're done, you can look at the bottom of the story for a complete chart of every neighborhood we looked at from cheapest to most expensive.
For more Virginia reading, check out:
- Best Places To Live In Virginia
- Cheapest Places To Live In Virginia
- Cheapest Cities To Live In America
- Cheapest States To Live In America
The 5 Cheapest Neighborhoods To Live In Chesapeake For 2022
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Population: 19,130
Cost Of Living Index: 101 (cheapest)
Home Value To Income Ratio: 3.0 (2nd cheapest)
Rent To Income Ratio: 0.01 (5th cheapest)
More on Deep Creek North: Homes For Sale | Data
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Population: 10,890
Cost Of Living Index: 118 (7th cheapest)
Home Value To Income Ratio: 2.9 (cheapest)
Rent To Income Ratio: 0.009 (4th cheapest)
More on Deep Creek South: Homes For Sale | Data
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Population: 18,883
Cost Of Living Index: 108 (4th cheapest)
Home Value To Income Ratio: 3.3 (4th cheapest)
Rent To Income Ratio: 0.011 (7th cheapest)
More on Western Branch North: Homes For Sale | Data
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Population: 17,164
Cost Of Living Index: 119 (10th cheapest)
Home Value To Income Ratio: 3.3 (6th cheapest)
Rent To Income Ratio: 0.008 (3rd cheapest)
More on Great Bridge East: Homes For Sale | Data
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Population: 22,921
Cost Of Living Index: 104 (2nd cheapest)
Home Value To Income Ratio: 3.3 (5th cheapest)
Rent To Income Ratio: 0.021 (13th cheapest)
More on South Norfolk: Homes For Sale | Data
Methodology: How We Determined The Cheapest Chesapeake Hoods In 2022
In order to rank the cheapest places to live in Chesapeake, we had to determine what criteria defines "cheap".
Using census and extrapolated BLS data, we arrived at the following set of criteria:
- Overall Cost Of Living
- Rent To Income Ratio
- Median Home Value To Income Ratio
We then ranked each neighborhood with scores from 1 to 14 in each category, where 1 was the cheapest.
Next, we averaged the rankings for each neighborhood to create a cheap neighborhood index.
And finally, we crowned the neighborhood with the lowest cheapest neighborhood index the "Cheapest City Neighborhood In Chesapeake." We're lookin' at you, Deep Creek North.
Read on below to learn more about what it's like to live in the cheapest places Chesapeake. Or skip to the end to see the list of all the neighborhoods in the city from cheapest to most expensive.
Summary: Lowest Cost Places To Live In Chesapeake
If you're measuring the neighborhoods in Chesapeake where prices are low and it's cheap to live, this is an accurate list.
As we mentioned earlier, the neighborhoods in Chesapeake aren't all cheap. Greenbrier West takes the title of the most expensive neighborhood to live in Chesapeake.
We ranked the neighborhoods from cheapest to most expensive in the chart below.
For more Virginia reading, check out:
- Most Dangerous Cities In Virginia
- Richest Cities In Virginia
- Safest Places In Virginia
- Worst Cities In Virginia For 2017
Detailed List Of The Cheapest Neighborhoods To Live In Chesapeake For 2022
| Rank | Neighborhood | Cost Of Living Index |
|---|---|---|
| 1 | Deep Creek North | 101 |
| 2 | Deep Creek South | 118 |
| 3 | Western Branch North | 108 |
| 4 | Great Bridge East | 119 |
| 5 | South Norfolk | 104 |
| 6 | Butts Station | 122 |
| 7 | Pleasant Grove East | 118 |
| 8 | Indian River | 106 |
| 9 | Western Branch South | 110 |
| 10 | Pleasant Grove West | 123 |
| 11 | Great Bridge | 123 |
| 12 | Greenbrier East | 120 |
| 13 | Deep Creek West-Dismal Swamp | 119 |
| 14 | Greenbrier West | 118 |
