What is the cost of living in Hopewell, VA?
According to the most recent data on the cost of living, Hopewell has an overall cost of living index of 96, which is 1.0x lower than the national index of 100.
Compared to Virginia, Hopewell has a cost of living index that's 0.9x lower than Virginia's index of 112.
The standard of living in Hopewell ranks as #18 most affordable out of the 188 places we measured in Virginia. By definition, that implies Hopewell ranks as the #170 most expensive place in the Old Dominion.
For more reading on life in Hopewell, check out:
Hopewell Cost Of Living Vs. Virginia
Six factors go into calculating the cost of living index in Hopewell. Here is how it fares on each of the criteria:
The Services index in Hopewell is 103.
The Groceries index in Hopewell is 107.
The Health index in Hopewell is 76.
The Housing index in Hopewell is 104.
The Transportation index in Hopewell is 103.
The Utilities index in Hopewell is 106.
| Living Expense | Hopewell | Virginia | National Average |
|---|---|---|---|
| Overall | 96 | 112 | 100 |
| Services | 103 | 103 | 100 |
| Groceries | 107 | 104 | 100 |
| Health | 76 | 131 | 100 |
| Housing | 104 | 105 | 100 |
| Transportation | 103 | 105 | 100 |
| Utilities | 106 | 104 | 100 |
Hopewell Cost Of Living Compared To Virginia Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Virginia, check out:
Protect your home budget Compare home warranties in Hopewell Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Hopewell, 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 2020-2024. The key points are:
The Median Home Value in Hopewell is $232,748.
The Median Rent in Hopewell is $1,106.
The Median Income in Hopewell is $54,729.
The Home Value To Income in Hopewell is 4.3x.
The Rent To Monthly Income in Hopewell is 0.24x.
Hopewell, VA Costs By Category
Detailed Hopewell Services costs vs. Virginia
Detailed Hopewell Groceries costs vs. Virginia
Detailed Hopewell Health costs vs. Virginia
Detailed Hopewell Transportation costs vs. Virginia
Hopewell SnackAbility
Cost Of Living In Cities Around Hopewell
The cost of living varies in the cities and towns around Hopewell. 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 112, 1.2x Hopewell.
Petersburg, VA has a cost of living index of 96, 1.0x Hopewell.
Chester, VA has a cost of living index of 111, 1.2x Hopewell.
| City | Population | Cost Of Living | Vs. Hopewell |
|---|---|---|---|
| Richmond, VA | 229,359 | 112 | 1.2x |
| Petersburg, VA | 33,537 | 96 | 1.0x |
| Chester, VA | 24,474 | 111 | 1.2x |
| Meadowbrook, VA | 20,749 | 108 | 1.1x |
| Colonial Heights, VA | 18,352 | 104 | 1.1x |
| Highland Springs, VA | 14,296 | 100 | 1.0x |
| Manchester, VA | 12,445 | 111 | 1.2x |
| Rockwood, VA | 10,010 | 114 | 1.2x |
| Fort Lee, VA | 8,993 | 127 | 1.3x |
| Bellwood, VA | 7,907 | 99 | 1.0x |
