Cost of living in Colonial Heights 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 Colonial Heights 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 Colonial Heights is 97, with 100 being the average.
The cost of living index in Colonial Heights is 1.0x lower than the national average.
Colonial Heights ranks as the #38 cheapest in Virginia out of 186.
Colonial Heights ranks as the #2,747 cheapest out of 6,412 in the US.
The median home value in Colonial Heights is $188,900.
The median income in Colonial Heights is $65,570.
According to the most recent data on the cost of living, Colonial Heights has an overall cost of living index of 97, which is 1.0x lower than the national index of 100.
Compared to Virginia, Colonial Heights has a cost of living index that's 1.0x lower than Virginia's index of 102.
The standard of living in Colonial Heights ranks as #38 most affordable out of the 186 places we measured in Virginia. By definition, that implies Colonial Heights ranks as the #148 most expensive place in the Old Dominion.
For more reading on life in Colonial Heights, check out:
Six factors go into calculating the cost of living index in Colonial Heights. Here is how it fairs on each of the criteria:
The Services index in Colonial Heights is 104.
The Groceries index in Colonial Heights is 92.
The Health index in Colonial Heights is 107.
The Housing index in Colonial Heights is 95.
The Transportation index in Colonial Heights is 93.
The Utilities index in Colonial Heights is 101.
|Living Expense||Colonial Heights||Virginia||National Average|
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 Colonial Heights is $188,900.
The Median Rent in Colonial Heights is $1,075.
The Median Income in Colonial Heights is $65,570.
The Home Value To Income in Colonial Heights is 2.9x.
The Rent To Monthly Income in Colonial Heights is 0.2x.
|Statistic||Colonial Heights||Virginia||United States|
|Median Home Value||$188,900||$295,500||$244,900|
|Home Value To Income||2.9x||3.7x||3.5x|
|Rent To Monthly Income||0.2x||0.2x||0.2x|
The cost of living varies in the cities and towns around Colonial Heights. Here's a quick look at the cost of living in the most populous nearby places:
Richmond, VA has a cost of living index of 99, 1.0x Colonial Heights.
Petersburg, VA has a cost of living index of 92, 0.9x Colonial Heights.
Hopewell, VA has a cost of living index of 93, 1.0x Colonial Heights.
|City||Population||Cost Of Living||Vs. Colonial Heights|