Housing costs in Chincoteague?
A typical home costs
$322,800, which is 4.5% less expensive than the national average of
$338,100 and 5.9% less expensive than the average Virginia home, at
$343,200. Renting a two-bedroom unit in Chincoteague costs
$810 per month, which is 43.4% cheaper than the national average of
$1,430 and 72.8% cheaper than the state average of
$1,400.
Can I afford Chincoteague?
To live comfortably in Chincoteague, Virginia, a minimum annual income of
$61,920 for a family, and
$28,400 for a single person is recommended.
What does A.I. say about Chincoteague?
The cost of living in Chincoteague, VA is relatively affordable compared to other cities and towns in the United States. The median home price is just over $200,000, and the median rent is around $1,000 per month. Utilities for a two-bedroom apartment cost about $150 on average. Groceries are reasonably priced in comparison to other areas, while entertainment costs slightly more than average and transportation costs are quite low due to the fact that there are no major highways or airports nearby. Overall, Chincoteague offers residents a pleasant and affordable lifestyle.