Petersburg, VA Cost Of Living
Cost Of Living In Petersburg, VA Summary
Cost of living in Petersburg 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 Petersburg 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 Petersburg is 94, with 100 being the average.
The cost of living index in Petersburg is 0.9x lower than the national average.
Petersburg ranks as the #22 cheapest in Virginia out of 190.
Petersburg ranks as the #1,806 cheapest out of 6,489 in the US.
The median home value in Petersburg is $239,486.
The median income in Petersburg is $50,741.
Table Of Contents
Petersburg's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Petersburg, VA?
According to the most recent data on the cost of living, Petersburg has an overall cost of living index of 94, which is 0.9x lower than the national index of 100.
Compared to Virginia, Petersburg has a cost of living index that's 0.9x lower than Virginia's index of 110.
The standard of living in Petersburg ranks as #22 most affordable out of the 190 places we measured in Virginia. By definition, that implies Petersburg ranks as the #168 most expensive place in the Old Dominion.
For more reading on life in Petersburg, check out:
In Virginia
In America
Petersburg Cost Of Living Vs. Virginia
Six factors go into calculating the cost of living index in Petersburg. Here is how it fairs on each of the criteria:
The Services index in Petersburg is 102.
The Groceries index in Petersburg is 100.
The Health index in Petersburg is 94.
The Housing index in Petersburg is 74.
The Transportation index in Petersburg is 101.
The Utilities index in Petersburg is 104.
| Living Expense | Petersburg | Virginia | National Average | |
|---|---|---|---|---|
| Overall | 94 | 110 | 100 | |
| Services | 102 | 101 | 100 | |
| Groceries | 100 | 99 | 100 | |
| Health | 94 | 98 | 100 | |
| Housing | 74 | 130 | 100 | |
| Transportation | 101 | 94 | 100 | |
| Utilities | 104 | 104 | 100 | |
Petersburg, 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 Petersburg is $239,486.
The Median Rent in Petersburg is $1,132.
The Median Income in Petersburg is $50,741.
The Home Value To Income in Petersburg is 4.7x.
The Rent To Monthly Income in Petersburg is 0.27x.
| Statistic | Petersburg | Virginia | United States |
|---|---|---|---|
| Median Home Value | $239,486 | $404,962 | $303,400 |
| Median Rent | $1,132 | $1,514 | $1,348 |
| Median Income | $50,741 | $90,974 | $78,538 |
| Home Value To Income | 4.7x | 4.5x | 3.9x |
| Rent To Monthly Income | 0.27x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Petersburg, VA Costs By Category
Detailed Petersburg Services Costs Vs. Virginia
| Item | Petersburg | 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 Petersburg Groceries Costs Vs. Virginia
| Item | Petersburg | 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 Petersburg Health Costs Vs. Virginia
| Item | Petersburg | Virginia |
|---|---|---|
| Optometrist | $95.44 | $125.68 |
| Doctor | $122.83 | $135.78 |
| Dentist | $109.67 | $113.29 |
Detailed Petersburg Transportation Costs Vs. Virginia
| Item | Petersburg | Virginia |
|---|---|---|
| Gasoline | $3.27 | $3.46 |
| Tire Balancing | $60.0 | $59.92 |
Detailed Petersburg Utilities Costs Vs. Virginia
| Item | Petersburg | Virginia |
|---|---|---|
| All Electricity | $227.22 | $193.99 |
| Phone | $185.33 | $192.25 |
Petersburg SnackAbility
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Cost Of Living In Cities Around Petersburg
The cost of living varies in the cities and towns around Petersburg. Here's a quick look at the cost of living in the most populous nearby places:
Chester, VA has a cost of living index of 109, 1.2x Petersburg.
Hopewell, VA has a cost of living index of 94, 1.0x Petersburg.
Meadowbrook, VA has a cost of living index of 102, 1.1x Petersburg.
| City | Population | Cost Of Living | Vs. Petersburg |
|---|---|---|---|
| Chester, VA | 23,519 | 109 | 1.2x |
| Hopewell, VA | 22,944 | 94 | 1.0x |
| Meadowbrook, VA | 20,383 | 102 | 1.1x |
| Colonial Heights, VA | 18,210 | 101 | 1.1x |
| Bellwood, VA | 8,489 | 97 | 1.0x |
| Fort Lee, VA | 8,318 | 124 | 1.3x |
| Bensley, VA | 5,819 | 97 | 1.0x |
| Ettrick, VA | 5,760 | 98 | 1.0x |
