Cost of Living in Chincoteague, VA

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C-
17%
Overall NAT. AVG.
2%
Goods & Services NAT. AVG.
52%
Housing NAT. AVG.
Date & Last Updated: This data reflects 2025 and was released from C2ER in January, 2026; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Chincoteague Virginia National
Cost of living117109100
Goods & Services102102100
Groceries101100100
Health care111103100
Housing152129100
Transportation104100100
Utilities9699100
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Homes For Sale In Chincoteague, VA

property for sale

5174 Winder Ln

Chincoteague Island, VA
property for sale

7017 Josephine Ln

Chincoteague Island, VA
property for sale

6317 Teal Ln

Chincoteague Island, VA
property for sale

7718 Eastside Rd

Chincoteague, VA

Cost Of Living Quick Facts

  • The cost of living in Chincoteague is 7% higher than the Virginia average
  • The cost of living in Chincoteague is 17% higher than the national average
  • Chincoteague housing is 52% higher than the national average
  • Virginia general sales tax is 4% higher than the national average
  • Virginia state income tax is 23% lower than the national average

Most Affordable Places to Live in and Around Chincoteague

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Compare Chincoteague, VA Cost of Living

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      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$87,683$7,307$2,046$2,631
      Renters$52,746$4,396$1,231$1,583

      Virginia Sales Tax

      State General Sales Tax With Max Surtax
      Virginia 5.3% 6%

      Virginia Income Tax

      State Income Tax (Low) Income Tax (High)
      Virginia 2% 5.75%

      Goods & Services

      Item Chincoteague National avg. Difference
      Haircut $32.30$27.6217.0%
      Beauty Salon $49.77$51.112.6%
      Toothpaste $4.13$4.090.9%
      Shampoo $1.58$1.542.5%
      Movie $13.86$12.887.6%
      Yoga $26.67$19.6635.6%

      Groceries

      Item Chincoteague National avg. Difference
      Ground Beef $7.84$7.701.8%
      Fried Chicken $1.56$1.666.2%
      Milk $4.77$4.730.8%
      Potatoes $5.38$5.262.4%
      Pizza $11.99$12.766.1%
      Beer $10.89$10.553.2%

      Health Care

      Item Chincoteague National avg. Difference
      Optometrist $145.14$140.063.6%
      Doctor $205.88$153.8233.8%
      Dentist $145.17$123.1517.9%
      Ibuprofen $12.06$11.732.8%
      Lipitor $17.53$23.6125.8%

      Housing

      Item Chincoteague National avg. Difference
      Home Price $558,953.00$326,622.0071.1%
      Avg. Mortgage Payment $2,689.98$2,480.258.5%
      Apartment Rent $1,528.00$1,444.005.8%

      Transportation

      Item Chincoteague National avg. Difference
      Gasoline $3.16$3.063.3%
      Tire Balancing $67.94$65.214.2%

      Utilities

      Item Chincoteague National avg. Difference
      All Electricity $209.27$220.124.9%
      Phone $189.07$195.713.4%
      Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Oak Hall, VA721021.7%
      West Pocomoke, MD4701021.7%
      Modest Town, VA2321021.7%
      Greenbackville, VA371021.7%
      Nelsonia, VA5041021.7%
      Chincoteague, VA2,94311716.7%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Eufaula, OK2,9438613.7%
      Cetronia, PA2,9431088.3%
      Welch, WV2,9437921.5%
      Good Hope, AL2,9428812.4%
      Elgin, SC2,942919.5%
      Chincoteague, VA2,94311716.7%
      Date & Last Updated: This data reflects 2025 and was released from C2ER in January, 2026; this is the most current data available.
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