Cost of Living in Chincoteague, VA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
109.7
100 = national avg
+9.7 vs national average
Living Wage (1 Adult)
$48,252
per year
Living Wage (Family of 4)
$114,050
per year
Cost Index by Category
Housing131.9
Food97.6
Transportation95.2
Healthcare98.1
Utilities104.9
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$856
per month
2 Bedroom
$1,054
per month
The overall cost of living index in Chincoteague is 109.7, which is 9.7% above the national average. Housing costs are above the national average at an index of 131.9. A single adult needs to earn approximately $48,252 per year to cover basic expenses.