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Cost of Living in New Kent, VA

Population: 887 | Virginia

110
Cost of Living Index
US Average = 100

New Kent is 10% more expensive than the national average.

100
Housing
141
Home Values
98
Regional Price

Cost of Living in New Kent, VA: What You Need to Know

With a cost of living index of 110, New Kent, VA is somewhat more expensive than average. Living here is 10% more expensive than the national average and 5% above the Virginia state average of 104. New Kent is a small community of 887 residents.

The median household income in New Kent is $166,375, which is 121% higher than the national median of $75,149.

Everyday prices in the Richmond, VA (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 6 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

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.

Income

Median Household Income
$166,375
vs US Median ($75,149)
+121%

Housing

Median Home Value
$430,400
Median Monthly Housing Cost
$2,711/mo

Everyday Prices in New Kent

BLS Average Prices for the Richmond, VA (Metropolitan Statistical Area) area

$2.98
Gasoline (regular)
per gallon
-3% vs US
🥚
$2.43
Eggs (grade A, large)
per dozen
-3% vs US
🥛
$3.91
Milk (whole)
per gallon
-3% vs US
🍞
$1.80
Bread (white)
per lb
-3% vs US
🍗
$4.02
Chicken breast
per lb
-3% vs US
$0.17
Electricity
per kWh
-11% vs US

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