Petersburg, VA vs Suffolk, VA

There is a significant gap in the cost of living between these two cities. Petersburg is 23.1% cheaper than Suffolk. With a cost index of 82 vs 106, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Petersburg to Suffolk should plan for substantially higher expenses across most categories.

On the housing front, median rent in Petersburg is $1,132/month compared to $1,484/month in Suffolk — a 24% difference. Home values follow the same pattern: Petersburg is more affordable at $157,900 median vs $329,600.

Median household income in Petersburg is $50,741 compared to $90,089 in Suffolk (-43.7%). While Suffolk is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Petersburg spend roughly 26.8% of their income on rent, more than the 19.8% in Suffolk.