Chatham, VA vs Verona, VA

Chatham, VA and Verona, VA have a very similar cost of living, with only a 2.7% difference in their overall index. Chatham scores 80 while Verona scores 82 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.

On the housing front, median rent in Chatham is $1,028/month compared to $1,011/month in Verona — a 2% difference. Interestingly, home values tell a different story: while Verona has cheaper rent, Chatham actually has lower median home values ($168,100 vs $231,300).

Median household income in Chatham is $54,485 compared to $68,319 in Verona (-20.2%). While Verona 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 17.8% in Verona.