Chincoteague, VA vs Penhook, VA

Chincoteague is moderately more affordable than Penhook, with a 14.1% lower cost of living index. Chincoteague scores 95 compared to 111 for Penhook, where the US average is 100. This difference means residents of Penhook can expect to pay noticeably more for everyday expenses, housing, and services.

When it comes to buying, median home values in Chincoteague are $329,200 compared to $476,500 in Penhook, a 31% gap.

Median household income in Chincoteague is $62,292 compared to $99,176 in Penhook (-37.2%). While Penhook is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income.