Cost of living in Poquoson research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Poquoson is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Virginia, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Poquoson is 113, with 100 being the average.
The cost of living index in Poquoson is 1.1x higher than the national average.
Poquoson ranks as the #81 cheapest in Virginia out of 186.
Poquoson ranks as the #4,363 cheapest out of 6,412 in the US.
The median home value in Poquoson is $358,700.
The median income in Poquoson is $112,026.
According to the most recent data on the cost of living, Poquoson has an overall cost of living index of 113, which is 1.1x higher than the national index of 100.
Compared to Virginia, Poquoson has a cost of living index that's 1.1x higher than Virginia's index of 102.
The standard of living in Poquoson ranks as #81 most affordable out of the 186 places we measured in Virginia. By definition, that implies Poquoson ranks as the #105 most expensive place in the Old Dominion.
For more reading on life in Poquoson, check out:
Six factors go into calculating the cost of living index in Poquoson. Here is how it fairs on each of the criteria:
The Services index in Poquoson is 105.
The Groceries index in Poquoson is 91.
The Health index in Poquoson is 106.
The Housing index in Poquoson is 152.
The Transportation index in Poquoson is 93.
The Utilities index in Poquoson is 103.
Living Expense | Poquoson | Virginia | National Average | |
---|---|---|---|---|
Overall | 113 | 102 | 100 | |
Services | 105 | 102 | 100 | |
Groceries | 91 | 98 | 100 | |
Health | 106 | 102 | 100 | |
Housing | 152 | 107 | 100 | |
Transportation | 93 | 95 | 100 | |
Utilities | 103 | 102 | 100 |
Housing swings affordability the most between places in Virginia, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Poquoson is $358,700.
The Median Rent in Poquoson is $1,475.
The Median Income in Poquoson is $112,026.
The Home Value To Income in Poquoson is 3.2x.
The Rent To Monthly Income in Poquoson is 0.16x.
Statistic | Poquoson | Virginia | United States |
---|---|---|---|
Median Home Value | $358,700 | $295,500 | $244,900 |
Median Rent | $1,475 | $1,326 | $1,163 |
Median Income | $112,026 | $80,615 | $69,021 |
Home Value To Income | 3.2x | 3.7x | 3.5x |
Rent To Monthly Income | 0.16x | 0.2x | 0.2x |
The cost of living varies in the cities and towns around Poquoson. Here's a quick look at the cost of living in the most populous nearby places:
Norfolk, VA has a cost of living index of 107, 0.9x Poquoson.
Newport News, VA has a cost of living index of 102, 0.9x Poquoson.
Hampton, VA has a cost of living index of 99, 0.9x Poquoson.
City | Population | Cost Of Living | Vs. Poquoson |
---|---|---|---|
Norfolk, VA | 238,556 | 107 | 0.9x |
Newport News, VA | 185,069 | 102 | 0.9x |
Hampton, VA | 136,748 | 99 | 0.9x |
Portsmouth, VA | 97,454 | 104 | 0.9x |
Gloucester Point, VA | 11,313 | 105 | 0.9x |
Smithfield, VA | 8,513 | 111 | 1.0x |
Carrollton, VA | 7,171 | 114 | 1.0x |