Housing costs in Chesapeake?
A typical home costs
$92,100, which is 72.8% less expensive than the national average of
$338,100 and 34.1% less expensive than the average West Virginia home, at
$139,700. Renting a two-bedroom unit in Chesapeake costs
$880 per month, which is 38.5% cheaper than the national average of
$1,430 and 2.3% more than the state average of
$860.
Can I afford Chesapeake?
To live comfortably in Chesapeake, West Virginia, a minimum annual income of
$17,640 for a family, and
$29,200 for a single person is recommended.
What does A.I. say about Chesapeake?
Chesapeake, WV is known for its low cost of living. According to data from the Council for Community and Economic Research, Chesapeake has the lowest cost of living index in West Virginia with an overall score of 90.3 out of 100. This means that compared to the national average, basic goods and services such as groceries, housing, health care, transportation and utilities are significantly more affordable in Chesapeake than in other parts of West Virginia or even the country. In addition, Chesapeake does not have a sales tax or income tax, which also helps to keep the overall cost of living lower than in other communities.