Housing costs in Chesapeake?
A typical home costs
$236,700, which is 30.0% less expensive than the national average of
$338,100 and 31.0% less expensive than the average Virginia home, at
$343,200. Renting a two-bedroom unit in Chesapeake costs
$1,220 per month, which is 12.9% cheaper than the national average of
$1,400 and 8.2% cheaper than the state average of
$1,320.
Can I afford Chesapeake?
To live comfortably in Chesapeake (zip 23324), Virginia, a minimum annual income of
$45,360 for a family, and
$41,600 for a single person is recommended.
What does A.I. say about Chesapeake?
The cost of living in 23324 Chesapeake, VA is relatively high compared to the national average. According to BestPlaces, the cost of living index in this area is 106, significantly higher than the US average of 100. This means that goods and services are more expensive here than they would be in other parts of the country. Renting a one-bedroom apartment typically costs around $1,100 a month; groceries and utilities are also more expensive here than in some other places. Despite this, many people choose to live in 23324 Chesapeake, VA due to its close proximity to major cities like Norfolk and Virginia Beach as well as its access to outdoor opportunities such as kayaking and fishing on the nearby shoreline.