Live & Explore

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 first quarter of 2017 was 93.1, nearly 7 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 at least 5.5 percent below the national average in the first quarter of 2017.

City of Colonial Heights 90.3
City of Petersburg 85.3
City of Hopewell 86.3
Chesterfield County 94.5
Dinwiddie County 89.1
Prince George County 93.7
Sussex County 87.8
Surry County 94.5
Gateway Region 93.1
Richmond MSA 94.2
United States 100.0

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 2017 was $184,631, 13 percent lower than the national price of $213,099.

City of Colonial Heights $196,201
City of Petersburg $129,680
City of Hopewell $143,471
Chesterfield County $242,644
Dinwiddie County $179,976
Prince George County $240,471
Sussex County $162,709
Surry County $181,892
Gateway Region $184,631
United States $213,099

Source: National Association of Realtors, 2017 Q2


Median Gross Rent

The median gross rent in the Gateway Region is $938, which was nearly one percent above the national median gross rent of $928.

City of Colonial Heights $940
City of Petersburg $842
City of Hopewell $835
Chesterfield County $1,123
Dinwiddie County $933
Prince George County $1,279
Sussex County $728
Surry County $823
Gateway Region $938
United States $928

Source: U.S. Census Bureau’s 2011-2015 American Community Survey