Chatham, VA vs Hot Springs, VA

There is a significant gap in the cost of living between these two cities. Chatham is 16.6% cheaper than Hot Springs. With a cost index of 80 vs 96, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Chatham to Hot Springs should plan for substantially higher expenses across most categories.

When it comes to buying, median home values in Chatham are $168,100 compared to $254,400 in Hot Springs, a 34% gap.

Median household income in Chatham is $54,485 compared to $101,964 in Hot Springs (-46.6%). While Hot Springs is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income.