Housing costs in Chatham?
A typical home costs
$134,000, which is 60.4% less expensive than the national average of
$338,100 and 61.0% less expensive than the average Virginia home, at
$343,200. Renting a two-bedroom unit in Chatham costs
$820 per month, which is 41.4% cheaper than the national average of
$1,400 and 3.7% more than the state average of
$790.
Can I afford Chatham?
To live comfortably in Chatham (zip 24531), Virginia, a minimum annual income of
$25,560 for a family, and
$26,000 for a single person is recommended.
What does A.I. say about Chatham?
The cost of living in 24531 Chatham, VA is relatively low compared to many other places in the country. The median home value is around $180,000 and the median rent is around $700 per month. Groceries, utilities, transportation, and health care are all relatively inexpensive as well. The overall cost of living index for 24531 Chatham, VA is about 12 percent lower than the national average and 20 percent lower than Virginia's average. This makes it an attractive place to live for those looking for an affordable place to call home without sacrificing quality or amenities.