Cost of Living

The ACCRA Cost of Living Index is a measure of regional differences in the cost of consumer goods and services. The index is based on six components: housing, utilities, grocery items, transportation, health care, and miscellaneous goods and services.

The Gateway Region’s Cost of Living Index in the second quarter of 2023 was 90.8, over 9 percent below the national average of 100. The Gateway Region’s communities are remarkably affordable as the cost of living index in each individual community was below the national average in the second quarter of 2023.

City of Colonial Heights91.3
City of Petersburg86.2
City of Hopewell86.8
Dinwiddie County91.5
Prince George County94.3
Sussex County87.0
Surry County98.7
Gateway Region90.8
Richmond MSA96.8
United States100.0

Source: C2er ACCRA Cost of Living data, imputed by JobsEQ

Median Home Price

Housing is a major determinant in a community’s overall cost of living or affordability to its residents. Besides miscellaneous goods and services, the housing category contributed most to the overall cost of living index. The median home price of a typical home in the Gateway Region during the second quarter of 2023 was $178,548, 27 percent lower than the national price of $244,900.

City of Colonial Heights$188,900
City of Petersburg$119,200
City of Hopewell$127,300
Dinwiddie County$191,800
Prince George County$231,000
Sussex County$129,600
Surry County$207,200
Gateway Region$178,548
United States$244,900

Source: American Community Survey (2017-2021)

Median Gross Rent

The median gross rent in the localities of the Gateway Region is below the national median gross rent of $1,163 for six of our seven localities.

City of Colonial Heights$1,075
City of Petersburg$1,023
City of Hopewell$957
Dinwiddie County$1,088
Prince George County$1,394
Sussex County$868
Surry County$943
United States$1,163

Source: U.S. Census Bureau's 2017-2021 American Community Survey, Table DP04