New Market, VA vs Parksley, VA

New Market, VA and Parksley, VA have a very similar cost of living, with only a 3.1% difference in their overall index. New Market scores 76 while Parksley scores 78 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 New Market is $745/month compared to $988/month in Parksley — a 25% difference. Interestingly, home values tell a different story: while New Market has cheaper rent, Parksley actually has lower median home values ($160,400 vs $247,400).

Median household income in New Market is $47,967 compared to $81,250 in Parksley (-41%). While Parksley is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of New Market spend roughly 18.6% of their income on rent, more than the 14.6% in Parksley.