Cost of Living in New Kent, VA
Population: 887 | Virginia
New Kent is 10% more expensive than the national average.
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