Housing costs in Cape Charles?
A typical home costs
$542,500, which is 60.5% more expensive than the national average of
$338,100 and 58.1% more expensive than the average Virginia home, at
$343,200. Renting a two-bedroom unit in Cape Charles costs
$860 per month, which is 39.9% cheaper than the national average of
$1,430 and 62.8% cheaper than the state average of
$1,400.
Can I afford Cape Charles?
To live comfortably in Cape Charles, Virginia, a minimum annual income of
$104,040 for a family, and
$26,400 for a single person is recommended.
What does A.I. say about Cape Charles?
The cost of living in Cape Charles, VA is quite affordable. According to BestPlaces, the cost of living index in Cape Charles is 83.17, which is 17% lower than the US average. Rent prices are notably low at an average of $950 per month for a one-bedroom apartment. Groceries and other daily necessities are also quite affordable with the overall price level being 7% lower than the US average. With these factors in mind, it's easy to see why Cape Charles is a great place to live with an enjoyable standard of living for a much lower cost than many other cities in Virginia and beyond.