Everything else equal, we can all agree that living in a cheaper place is better than living in a more expensive place.
I’d much rather pay $500/mo in rent than $1,000. And I’d rather pay $2 for coffee than $5.
And while every neighbhorhood in Chesapeake might be more expensive than living in rural Virginia, there are certain neighborhoods that are definitely cheaper.
What exactly are those Chesapeake neighborhoods where your dollar goes a little further — you can get that one bedroom instead of the studio?
Instead of relying on public opinion and speculation, we wanted to get the facts straight and determine which neighborhoods in Chesapeake are the cheapest using Saturday Night Science.
What’s the cheapest neighborhood to live in Chesapeake for 2024? According to the most recent census data, Western Branch North looks to be the cheapest Chesapeake neighborhood to live in.
At this point, we should make it clear that you do get what you pay for — some of these neighborhoods might not be the best places to live in Chesapeake. You could be sacrificing location or crime rates for more space and cheaper groceries.
Read on to see how we determined the places around Chesapeake that deserve a little bragging rights, or maybe you’re interested in the worst neighborhoods in Chesapeake.
For more Virginia reading, check out:
- Best Places To Live In Virginia
- Cheapest Places To Live In Virginia
- Cheapest Cities To Live In America
- Cheapest States To Live In America
Table Of Contents: Top Ten | Methodology | Summary | Table
The 5 Cheapest Neighborhoods To Live In Chesapeake For 2024
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Population: 16,846
Cost Of Living Index: 104 (4th cheapest)
Home Value To Income Ratio: 2.9 (3rd cheapest)
Rent To Income Ratio: 0.016 (cheapest)
More on Western Branch North: Data | Real Estate
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Population: 16,377
Cost Of Living Index: 106 (5th cheapest)
Home Value To Income Ratio: 2.7 (cheapest)
Rent To Income Ratio: 0.017 (4th cheapest)
More on Western Branch South: Data | Real Estate
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Population: 11,774
Cost Of Living Index: 112 (6th cheapest)
Home Value To Income Ratio: 2.7 (2nd cheapest)
Rent To Income Ratio: 0.017 (3rd cheapest)
More on Deep Creek South: Data | Real Estate
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Population: 17,897
Cost Of Living Index: 97 (2nd cheapest)
Home Value To Income Ratio: 3.0 (4th cheapest)
Rent To Income Ratio: 0.019 (10th cheapest)
More on Deep Creek North: Data | Real Estate
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Population: 23,332
Cost Of Living Index: 100 (3rd cheapest)
Home Value To Income Ratio: 3.1 (5th cheapest)
Rent To Income Ratio: 0.02 (12th cheapest)
More on Indian River: Data | Real Estate
Methodology: How We Determined The Cheapest Chesapeake Hoods In 2024
To rank the cheapest places to live in Chesapeake, we had to determine what criteria define “cheap” and then apply Saturday Night Science.
Using Census and extrapolated BLS data, we arrived at the following set of criteria:
- Overall Cost Of Living
- Rent To Income Ratio
- Median Home Value To Income Ratio
We then ranked each neighborhood with scores from 1 to 13 in each category, where 1 was the cheapest.
Next, we averaged the rankings for each neighborhood to create a cheap neighborhood index.
And finally, we crowned the neighborhood with the lowest cheapest neighborhood index, the “Cheapest City Neighborhood In Chesapeake.” We’re lookin’ at you, Western Branch North.
We updated this article for 2024. This is our fourth time ranking the cheapest neighborhoods to live in Chesapeake. Skip to the end to see the list of all the neighborhoods in the city, from cheapest to most expensive.
Summary: Lowest Cost Places To Live In Chesapeake
If you’re measuring the neighborhoods in Chesapeake where prices are low, and it’s cheap to live, this is an accurate list.
The most affordable neighborhoods in Chesapeake are Western Branch North, Western Branch South, Deep Creek South, Deep Creek North, Indian River, Greenbrier West, Great Bridge, Great Bridge East, Greenbrier East, and South Norfolk.
As mentioned earlier, the neighborhoods in Chesapeake aren’t all cheap. Pleasant Grove West takes the title of the most expensive neighborhood to live in Chesapeake.
The most expensive neighborhoods in Chesapeake are Pleasant Grove West, Butts Station, Deep Creek West-Dismal Swamp, South Norfolk, and Greenbrier East.
We ranked the neighborhoods from cheapest to most expensive in the chart below.
For more Virginia reading, check out:
- Most Dangerous Cities In Virginia
- Richest Cities In Virginia
- Safest Places In Virginia
- Worst Cities In Virginia For 2017
Detailed List Of The Cheapest Neighborhoods To Live In Chesapeake For 2024
| Rank | Neighborhood | Cost Of Living Index |
|---|---|---|
| 1 | Western Branch North | 104 |
| 2 | Western Branch South | 106 |
| 3 | Deep Creek South | 112 |
| 4 | Deep Creek North | 97 |
| 5 | Indian River | 100 |
| 6 | Greenbrier West | 113 |
| 7 | Great Bridge | 117 |
| 8 | Great Bridge East | 113 |
| 9 | Greenbrier East | 114 |
| 10 | South Norfolk | 97 |
| 11 | Deep Creek West-Dismal Swamp | 113 |
| 12 | Butts Station | 116 |
| 13 | Pleasant Grove West | 118 |