Housing costs in Chatham?
A typical home costs
$139,000, which is 58.9% less expensive than the national average of
$338,100 and 59.5% less expensive than the average Virginia home, at
$343,200. Renting a two-bedroom unit in Chatham costs
$770 per month, which is 46.2% cheaper than the national average of
$1,430 and 81.8% cheaper than the state average of
$1,400.
Can I afford Chatham?
To live comfortably in Chatham, Virginia, a minimum annual income of
$26,640 for a family, and
$24,400 for a single person is recommended.
What does A.I. say about Chatham?
The cost of living in Chatham, VA is quite low. The median home cost for the area is around $121,000, which is significantly lower than the national average. The median household income is also relatively low at $37,843 - roughly 11 percent below the national average. Prices for groceries and other necessities are also well below the national average, making it a great place to live on a tight budget. This can be especially beneficial for those looking to retire as the combination of a lower cost of living and no state income tax makes Chatham an ideal retirement destination.