Gloucester Point, VA Cost Of Living
Cost Of Living In Gloucester Point, VA Summary
Cost of living in Gloucester Point 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 Gloucester Point 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 Gloucester Point is 108, with 100 being the average.
The cost of living index in Gloucester Point is 1.1x higher than the national average.
Gloucester Point ranks as the #60 cheapest in Virginia out of 190.
Gloucester Point ranks as the #3,467 cheapest out of 6,489 in the US.
The median home value in Gloucester Point is $336,154.
The median income in Gloucester Point is $71,589.
Table Of Contents
Gloucester Point's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Gloucester Point, VA?
According to the most recent data on the cost of living, Gloucester Point has an overall cost of living index of 108, which is 1.1x higher than the national index of 100.
Compared to Virginia, Gloucester Point has a cost of living index that's 1.0x lower than Virginia's index of 110.
The standard of living in Gloucester Point ranks as #60 most affordable out of the 190 places we measured in Virginia. By definition, that implies Gloucester Point ranks as the #130 most expensive place in the Old Dominion.
For more reading on life in Gloucester Point, check out:
In Virginia
In America
Gloucester Point Cost Of Living Vs. Virginia
Six factors go into calculating the cost of living index in Gloucester Point. Here is how it fairs on each of the criteria:
The Services index in Gloucester Point is 100.
The Groceries index in Gloucester Point is 99.
The Health index in Gloucester Point is 96.
The Housing index in Gloucester Point is 119.
The Transportation index in Gloucester Point is 98.
The Utilities index in Gloucester Point is 104.
| Living Expense | Gloucester Point | Virginia | National Average | |
|---|---|---|---|---|
| Overall | 108 | 110 | 100 | |
| Services | 100 | 101 | 100 | |
| Groceries | 99 | 99 | 100 | |
| Health | 96 | 98 | 100 | |
| Housing | 119 | 130 | 100 | |
| Transportation | 98 | 94 | 100 | |
| Utilities | 104 | 104 | 100 | |
Gloucester Point, 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 2019-2023. The key points are:
The Median Home Value in Gloucester Point is $336,154.
The Median Rent in Gloucester Point is $1,053.
The Median Income in Gloucester Point is $71,589.
The Home Value To Income in Gloucester Point is 4.7x.
The Rent To Monthly Income in Gloucester Point is 0.18x.
| Statistic | Gloucester Point | Virginia | United States |
|---|---|---|---|
| Median Home Value | $336,154 | $404,962 | $303,400 |
| Median Rent | $1,053 | $1,514 | $1,348 |
| Median Income | $71,589 | $90,974 | $78,538 |
| Home Value To Income | 4.7x | 4.5x | 3.9x |
| Rent To Monthly Income | 0.18x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Gloucester Point, VA Costs By Category
Detailed Gloucester Point Services Costs Vs. Virginia
| Item | Gloucester Point | Virginia |
|---|---|---|
| Shampoo | $1.26 | $1.28 |
| Movie | $13.31 | $12.13 |
| Bowling | $24.17 | $18 |
| Haircut | $20.0 | $24.26 |
| Beauty Salon | $54.17 | $45.56 |
Detailed Gloucester Point Groceries Costs Vs. Virginia
| Item | Gloucester Point | Virginia |
|---|---|---|
| Ground Beef | $5.54 | $5.84 |
| Fried Chicken | $1.44 | $1.57 |
| Milk | $4.63 | $4.67 |
| Potatoes | $5.27 | $4.93 |
| Pizza | $12.72 | $12.09 |
| Beer | $10.64 | $10.41 |
| Toothpaste | $3.72 | $3.7 |
Detailed Gloucester Point Health Costs Vs. Virginia
| Item | Gloucester Point | Virginia |
|---|---|---|
| Optometrist | $95.44 | $125.68 |
| Doctor | $122.83 | $135.78 |
| Dentist | $109.67 | $113.29 |
Detailed Gloucester Point Transportation Costs Vs. Virginia
| Item | Gloucester Point | Virginia |
|---|---|---|
| Gasoline | $3.27 | $3.46 |
| Tire Balancing | $60.0 | $59.92 |
Detailed Gloucester Point Utilities Costs Vs. Virginia
| Item | Gloucester Point | Virginia |
|---|---|---|
| All Electricity | $227.22 | $193.99 |
| Phone | $185.33 | $192.25 |
Gloucester Point SnackAbility
/10
Cost Of Living In Cities Around Gloucester Point
The cost of living varies in the cities and towns around Gloucester Point. 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 116, 1.1x Gloucester Point.
Chesapeake, VA has a cost of living index of 117, 1.1x Gloucester Point.
Newport News, VA has a cost of living index of 104, 1.0x Gloucester Point.
| City | Population | Cost Of Living | Vs. Gloucester Point |
|---|---|---|---|
| Virginia Beach, VA | 457,066 | 116 | 1.1x |
| Chesapeake, VA | 251,153 | 117 | 1.1x |
| Newport News, VA | 184,774 | 104 | 1.0x |
| Hampton, VA | 137,334 | 102 | 0.9x |
| Suffolk, VA | 96,638 | 112 | 1.0x |
| Colonial Heights, VA | 18,210 | 101 | 0.9x |
| Williamsburg, VA | 15,564 | 120 | 1.1x |
| Poquoson, VA | 12,556 | 124 | 1.1x |
| Smithfield, VA | 8,729 | 115 | 1.1x |
