Cost of Living in Accomac, VA

With a cost of living index of 83, Accomac, VA is a very affordable place to live. Living here is 17% cheaper than the national average and 21% below the Virginia state average of 104. Accomac is a small community of 999 residents.

Housing costs are the biggest factor in Accomac's cost of living. The median monthly rent is $951 (28% below the US median of $1,319), and the median home value sits at $240,000 (21% below the national median of $304,900). At current prices, the median home costs roughly 5.6x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in Accomac is $43,211, which is 42% lower than the national median of $75,149. Residents spend roughly 26% of household income on rent. This is near the 30% threshold that financial experts generally consider the upper limit of affordability. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.