Cost of Living: Chesapeake, VA vs Richmond, VA
Quick rent-and-take-home comparison
Using a baseline of $70,000/yr gross, take-home is about $4,181/mo in Chesapeake, VA versus $4,181/mo in Richmond, VA. In the model, rent is about 22.2% of gross in Chesapeake, VA versus 19.15% in Richmond, VA, so Richmond, VA tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Chesapeake, VA and Richmond, VA.
At a glance
- Cheaper overall (lower cost-of-living index): Richmond, VA
- Lower rent (median 1BR/2BR): Richmond, VA
- Lower home prices: Richmond, VA
- Higher median household income: Chesapeake, VA
Cost of Living Index
Chesapeake, VA: 100 (U.S. = 100) · Richmond, VA: 93.8 (U.S. = 100)
Richmond, VA has a lower cost-of-living index than Chesapeake, VA, so a given salary generally stretches further there.
Median Rent
Chesapeake, VA: $1,447/mo (midpoint of 1BR/2BR) · Richmond, VA: $1,249/mo
Median rent in Chesapeake, VA is $198/mo higher than in Richmond, VA.
Median Home Price
Chesapeake, VA: $359,100 · Richmond, VA: $328,100
Median home price in Chesapeake, VA is $31,000 higher than in Richmond, VA.
Median Household Income
Chesapeake, VA: $94,189 · Richmond, VA: $62,671
Chesapeake, VA has a higher median household income than Richmond, VA by $31,518.
Chesapeake, VA overview · Richmond, VA overview · Popular comparisons