Chincoteague, VA vs Pembroke, VA

The cost of living difference between Chincoteague, VA and Pembroke, VA is dramatic. Pembroke is 41.6% cheaper than Chincoteague, a gap that translates to thousands of dollars per year in household expenses. Chincoteague has a cost index of 95 while Pembroke sits at 67, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Chincoteague is $1,102/month compared to $814/month in Pembroke — a 35% difference. Home values follow the same pattern: Pembroke is more affordable at $132,000 median vs $329,200.

Median household income in Chincoteague is $62,292 compared to $57,841 in Pembroke (+7.7%). Chincoteague does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Chincoteague spend roughly 21.2% of their income on rent, more than the 16.9% in Pembroke.