Chesapeake, VA Livability

Living in Chesapeake, VA

Chesapeake, Virginia is a big city with a population of 233,194 inhabitants. Chesapeake is known to be family friendly as more than 73% of the population has already tied the knot. It might also be worth noting that 60% of residents also have children under the age of 18. Long travel times to work can be one of the most frustrating things in the world - right behind housework! If you decide that living in Chesapeake is the right fit for you, your one way commute time will average 26 minutes, which is about average when compared to the national commute time of 26 minutes.

Without the right tools, moving to any new town can be very stressful and challenging. Living in Chesapeake, Virginia could be a fulfilling experience for anyone who puts in the effort to do the research required. With useful information like amenities, crime, cost of living, weather, housing and other key data points, finding the best places to live in Chesapeake and in the areas around Chesapeake is a much easier task.

Chesapeake has a livability score of 69/100 and is ranked #360 in Virginia and #12,169 in the USA. If we examine each of the categories on their own, we see that Chesapeake ranks well for amenities (B+) and education (A+). Chesapeake does not rank well for the following: cost of living (F) and housing (F). It might be wise to take a closer look at each category to find out why.

Location, location, location - possibly the three most important words in your search for a new place to live. Fortunately, in Chesapeake, there is no shortage of amazing local amenities and interesting things to do. Some of the notable things to do include: Chesapeake Arboretum, Oak Grove Lake Park, and Carafe Wine Makers.

Jobs are always a hot topic for anyone looking to relocate to a new area. Your chances of finding new employment in Chesapeake is actually far better than most areas. With a low unemployment rate of 0.35%, finding work should be much easier than the average city.

School test scores can be an important metric in deciding if the local area schools can provide a solid educational system for children. The schools in Chesapeake have a test score average of 79%, which is well above the US average.

Assuming that Chesapeake meets all of your requirements, the next most important item to examine is the affordability of real estate in Chesapeake. Everything else becomes a lot less important if it turns out that home prices in Chesapeake are simply unattainable. The median home price for Chesapeake homes is $256,500, which is 3.3% higher than the Virginia average. If we take a closer look at the affordability of homes in Chesapeake, we’ll see that the home price to income ratio is 3.7, which is 2.6% lower than the Virginia average. Purchasing your new home can come with many financial benefits, some of which are more lucrative than others. Perhaps the most notable benefit could be the appreciation of your new home. Home appreciation rates are a good way to generate tax-free equity on a long term basis. The year over year appreciation rates in Chesapeake were 4.6%, and the 5 year appreciation rates came in at 2.5%.

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