Broadway, VA vs Chatham, VA

Chatham is moderately more affordable than Broadway, with a 6.8% lower cost of living index. Broadway scores 85 compared to 80 for Chatham, where the US average is 100. This difference means residents of Broadway can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Broadway is $1,018/month compared to $1,028/month in Chatham — a 1% difference. Interestingly, home values tell a different story: while Broadway has cheaper rent, Chatham actually has lower median home values ($168,100 vs $264,900).

Median household income in Broadway is $61,685 compared to $54,485 in Chatham (+13.2%). While Broadway is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Broadway spend roughly 19.8% of their income on rent, less than the 22.6% in Chatham.