Chesapeake, VA Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Chesapeake, VA Summary

Cost of living in Chesapeake research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Chesapeake is expensive. An index value below 100 means the city is a relatively cheap place to live.

On a city-by-city basis in Virginia, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:

  • The cost of living index in Chesapeake is 115, with 100 being the average.

  • The cost of living index in Chesapeake is 1.1x higher than the national average.

  • Chesapeake ranks as the #86 cheapest in Virginia out of 186.

  • Chesapeake ranks as the #4,492 cheapest out of 6,412 in the US.

  • The median home value in Chesapeake is $291,700.

  • The median income in Chesapeake is $85,563.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
115
Chesapeake's Overall Cost Of Living
1.1x
Higher Than The National Average

What is the cost of living in Chesapeake, VA?

According to the most recent data on the cost of living, Chesapeake has an overall cost of living index of 115, which is 1.1x higher than the national index of 100.

Compared to Virginia, Chesapeake has a cost of living index that's 1.1x higher than Virginia's index of 102.

The standard of living in Chesapeake ranks as #86 most affordable out of the 186 places we measured in Virginia. By definition, that implies Chesapeake ranks as the #100 most expensive place in the Old Dominion.

For more reading on life in Chesapeake, check out:

86 out of 186
In Virginia
4,492 out of 6,412
In America

Chesapeake Cost Of Living Vs. Virginia

Six factors go into calculating the cost of living index in Chesapeake. Here is how it fairs on each of the criteria:

  • The Services index in Chesapeake is 107.

  • The Groceries index in Chesapeake is 97.

  • The Health index in Chesapeake is 109.

  • The Housing index in Chesapeake is 133.

  • The Transportation index in Chesapeake is 108.

  • The Utilities index in Chesapeake is 108.

Living Expense Chesapeake Virginia National Average
Overall 115 102 100
Services 107 102 100
Groceries 97 98 100
Health 109 102 100
Housing 133 107 100
Transportation 108 95 100
Utilities 108 102 100
For more reading on cost of living around Virginia, check out:
Chesapeake Cost of Living Vs. VA

Chesapeake, VA Housing Cost Breakdown

Housing swings affordability the most between places in Virginia, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:

  • The Median Home Value in Chesapeake is $291,700.

  • The Median Rent in Chesapeake is $1,328.

  • The Median Income in Chesapeake is $85,563.

  • The Home Value To Income in Chesapeake is 3.4x.

  • The Rent To Monthly Income in Chesapeake is 0.19x.

Statistic Chesapeake Virginia United States
Median Home Value $291,700 $295,500 $244,900
Median Rent $1,328 $1,326 $1,163
Median Income $85,563 $80,615 $69,021
Home Value To Income 3.4x 3.7x 3.5x
Rent To Monthly Income 0.19x 0.2x 0.2x
Search Homes For Sale In Chesapeake, VA
$291,700
Median Home Value
$1,328
Median Rent
$85,563
Median Income

Chesapeake, VA Costs By Category

Detailed Chesapeake Services Costs Vs. Virginia

Item Chesapeake Virginia
Shampoo $0.94 $1.06
Movie $10.99 $10.68
Bowling $17.82 $14.67
Haircut $12.9 $18.62
Beauty Salon $41.19 $39.05

Detailed Chesapeake Groceries Costs Vs. Virginia

Item Chesapeake Virginia
Ground Beef $4.76 $4.22
Fried Chicken $1.0 $1.39
Milk $2.12 $2.05
Potatoes $4.28 $3.29
Pizza $11.15 $10.62
Beer $10.06 $9.38
Toothpaste $2.46 $2.34

Detailed Chesapeake Health Costs Vs. Virginia

Item Chesapeake Virginia
Optometrist $98.67 $108.57
Doctor $130.0 $116.17
Dentist $115.5 $99.13

Detailed Chesapeake Transportation Costs Vs. Virginia

Item Chesapeake Virginia
Gasoline $2.37 $2.22
Tire Balancing $53.33 $50.07

Detailed Chesapeake Utilities Costs Vs. Virginia

Item Chesapeake Virginia
All Electricity $198.58 $167.67
Phone $179.92 $175.64

Chesapeake SnackAbility

8
/10
Overall SnackAbility
Jobs
8/10
Housing
8.5
Affordability
6
Diversity
9
Safety
5
Amenities
8
Education
8.5
Commute
6

Cost Of Living In Cities Around Chesapeake

The cost of living varies in the cities and towns around Chesapeake. Here's a quick look at the cost of living in the most populous nearby places:

  • Virginia Beach, VA has a cost of living index of 117, 1.0x Chesapeake.

  • Norfolk, VA has a cost of living index of 107, 0.9x Chesapeake.

  • Newport News, VA has a cost of living index of 102, 0.9x Chesapeake.

City Population Cost Of Living Vs. Chesapeake
Virginia Beach, VA 457,658 117 1.0x
Norfolk, VA 238,556 107 0.9x
Newport News, VA 185,069 102 0.9x
Hampton, VA 136,748 99 0.9x
Elizabeth, NJ 135,772 118 1.0x
Portsmouth, VA 97,454 104 0.9x
Suffolk, VA 93,268 109 0.9x
Poquoson, VA 12,382 113 1.0x
Gloucester Point, VA 11,313 105 0.9x
Smithfield, VA 8,513 111 1.0x

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