Chester, VA Cost Of Living
Cost Of Living In Chester, VA Summary
Cost of living in Chester 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 Chester 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 Chester is 101, with 100 being the average.
The cost of living index in Chester is 1.0x higher than the national average.
Chester ranks as the #55 cheapest in Virginia out of 186.
Chester ranks as the #3,263 cheapest out of 6,412 in the US.
The median home value in Chester is $250,100.
The median income in Chester is $78,673.
Table Of Contents
Chester's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Chester, VA?
According to the most recent data on the cost of living, Chester has an overall cost of living index of 101, which is 1.0x higher than the national index of 100.
Compared to Virginia, Chester has a cost of living index that's 1.0x lower than Virginia's index of 102.
The standard of living in Chester ranks as #55 most affordable out of the 186 places we measured in Virginia. By definition, that implies Chester ranks as the #131 most expensive place in the Old Dominion.
For more reading on life in Chester, check out:
- Living In Chester
- Search Homes For Sale In Chester, VA
In Virginia
In America
Chester Cost Of Living Vs. Virginia
Six factors go into calculating the cost of living index in Chester. Here is how it fairs on each of the criteria:
The Services index in Chester is 103.
The Groceries index in Chester is 94.
The Health index in Chester is 104.
The Housing index in Chester is 113.
The Transportation index in Chester is 92.
The Utilities index in Chester is 104.
| Living Expense | Chester | Virginia | National Average | |
|---|---|---|---|---|
| Overall | 101 | 102 | 100 | |
| Services | 103 | 102 | 100 | |
| Groceries | 94 | 98 | 100 | |
| Health | 104 | 102 | 100 | |
| Housing | 113 | 107 | 100 | |
| Transportation | 92 | 95 | 100 | |
| Utilities | 104 | 102 | 100 | |
Chester, 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 Chester is $250,100.
The Median Rent in Chester is $1,295.
The Median Income in Chester is $78,673.
The Home Value To Income in Chester is 3.2x.
The Rent To Monthly Income in Chester is 0.2x.
| Statistic | Chester | Virginia | United States |
|---|---|---|---|
| Median Home Value | $250,100 | $295,500 | $244,900 |
| Median Rent | $1,295 | $1,326 | $1,163 |
| Median Income | $78,673 | $80,615 | $69,021 |
| Home Value To Income | 3.2x | 3.7x | 3.5x |
| Rent To Monthly Income | 0.2x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Chester, VA Costs By Category
Detailed Chester Services Costs Vs. Virginia
Detailed Chester Groceries Costs Vs. Virginia
Detailed Chester Health Costs Vs. Virginia
Detailed Chester Transportation Costs Vs. Virginia
Detailed Chester Utilities Costs Vs. Virginia
Chester SnackAbility
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Cost Of Living In Cities Around Chester
The cost of living varies in the cities and towns around Chester. Here's a quick look at the cost of living in the most populous nearby places:
Tuckahoe, VA has a cost of living index of 111, 1.1x Chester.
Mechanicsville, VA has a cost of living index of 107, 1.1x Chester.
Petersburg, VA has a cost of living index of 92, 0.9x Chester.
| City | Population | Cost Of Living | Vs. Chester |
|---|---|---|---|
| Tuckahoe, VA | 48,187 | 111 | 1.1x |
| Mechanicsville, VA | 37,767 | 107 | 1.1x |
| Petersburg, VA | 33,229 | 92 | 0.9x |
| Hopewell, VA | 23,020 | 93 | 0.9x |
| Meadowbrook, VA | 19,574 | 101 | 1.0x |
| Colonial Heights, VA | 18,127 | 97 | 1.0x |
| Bon Air, VA | 17,846 | 106 | 1.0x |
| Brandermill, VA | 13,745 | 108 | 1.1x |
| Lakeside, VA | 12,690 | 99 | 1.0x |
| Bellwood, VA | 8,138 | 94 | 0.9x |
