Chatham, VA vs Cheriton, VA

Chatham, VA and Cheriton, VA have a very similar cost of living, with only a 4.6% difference in their overall index. Chatham scores 80 while Cheriton scores 76 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

Renters will find that Chatham has a median rent of $1,028/month while Cheriton comes in at $543/month, a 89% difference.

Median household income in Chatham is $54,485 compared to $37,125 in Cheriton (+46.8%). While Chatham is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Chatham spend roughly 22.6% of their income on rent, more than the 17.6% in Cheriton.