Cost of Living in Chincoteague, VA

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D+
21%
Overall NAT. AVG.
7%
Groceries NAT. AVG.
52%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Chincoteague Virginia National
Cost of living121111100
Groceries107103100
Health care109103100
Housing152129100
Transportation110105100
Utilities106104100
Lifestyle & Entertainment111103100
Household Items104102100
Education & Childcare108109100
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Homes For Sale In Chincoteague, VA

property for sale

8261 Bay View Ln

Chincoteague Island, VA
property for sale

5061 Bay Colony

Chincoteague, VA
property for sale

5277 Main St

Chincoteague, VA
property for sale

6337 Chester Park Dr

Chincoteague, VA

Cost Of Living Quick Facts

  • The cost of living in Chincoteague is 9% higher than the Virginia average
  • The cost of living in Chincoteague is 21% 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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      Utilities index
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      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%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Oak Hall, VA721087.7%
      West Pocomoke, MD4701087.7%
      Modest Town, VA2321087.7%
      Greenbackville, VA371087.7%
      Nelsonia, VA5041087.7%
      Chincoteague, VA2,94312120.8%

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      City Population Cost of Living Index National Avg.
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      Welch, WV2,9438019.6%
      Good Hope, AL2,942919.2%
      Elgin, SC2,9428911.0%
      Chincoteague, VA2,94312120.8%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
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