Cost of living in Poquoson 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 Poquoson 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 Poquoson is 124, with 100 being the average.
The cost of living index in Poquoson is 1.2x higher than the national average.
Poquoson ranks as the #89 cheapest in Virginia out of 190.
Poquoson ranks as the #4,654 cheapest out of 6,489 in the US.
The median home value in Poquoson is $446,417.
The median income in Poquoson is $120,919.
According to the most recent data on the cost of living, Poquoson has an overall cost of living index of 124, which is 1.2x higher than the national index of 100.
Compared to Virginia, Poquoson has a cost of living index that's 1.1x higher than Virginia's index of 110.
The standard of living in Poquoson ranks as #89 most affordable out of the 190 places we measured in Virginia. By definition, that implies Poquoson ranks as the #101 most expensive place in the Old Dominion.
For more reading on life in Poquoson, check out:
Six factors go into calculating the cost of living index in Poquoson. Here is how it fairs on each of the criteria:
The Services index in Poquoson is 100.
The Groceries index in Poquoson is 101.
The Health index in Poquoson is 95.
The Housing index in Poquoson is 176.
The Transportation index in Poquoson is 98.
The Utilities index in Poquoson is 106.
| Living Expense | Poquoson | Virginia | National Average | |
|---|---|---|---|---|
| Overall | 124 | 110 | 100 | |
| Services | 100 | 101 | 100 | |
| Groceries | 101 | 99 | 100 | |
| Health | 95 | 98 | 100 | |
| Housing | 176 | 130 | 100 | |
| Transportation | 98 | 94 | 100 | |
| Utilities | 106 | 104 | 100 | |
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 Poquoson is $446,417.
The Median Rent in Poquoson is $1,634.
The Median Income in Poquoson is $120,919.
The Home Value To Income in Poquoson is 3.7x.
The Rent To Monthly Income in Poquoson is 0.16x.
The cost of living varies in the cities and towns around Poquoson. Here's a quick look at the cost of living in the most populous nearby places:
Norfolk, VA has a cost of living index of 103, 0.8x Poquoson.
Newport News, VA has a cost of living index of 104, 0.8x Poquoson.
Hampton, VA has a cost of living index of 102, 0.8x Poquoson.
| City | Population | Cost Of Living | Vs. Poquoson |
|---|---|---|---|
| Norfolk, VA | 235,037 | 103 | 0.8x |
| Newport News, VA | 184,774 | 104 | 0.8x |
| Hampton, VA | 137,334 | 102 | 0.8x |
| Portsmouth, VA | 97,299 | 103 | 0.8x |
| Gloucester Point, VA | 11,159 | 108 | 0.9x |
| Smithfield, VA | 8,729 | 115 | 0.9x |
| Carrollton, VA | 7,903 | 123 | 1.0x |