Living in Chincoteague, Virginia
Cost of living, income, home prices, rent and demographics of Chincoteague · Census data 2020–2024
Chincoteague has 3,296 residents with a median age of 57.4. The median household income is $62,917 (32% lower than the Virginia median), the median home value is $349,500, the median rent is $1,081/month.
Chincoteague at a glance
- Population
- 3,296
- Median age
- 57.4State: 39
- Median household income
- $62,917State: $93,170
- Median home value
- $349,500State: $383,700
- Median rent
- $1,081/moState: $1,579
- Homeowners
- 78.4%
- Bachelor's degree or higher
- 38%
- Average commute
- 17 min
Is Chincoteague a good place to live?
Pros: Home values 9% lower than the state median; an average commute of 17 minutes.
Cons: Median household income 32% lower than the Virginia median; unemployment of 6.5%; a poverty rate of 10.2%.
The weather is best in May–June and September–October.
Cost of living in Chincoteague
Housing is the biggest part of the cost of living. In Chincoteague the median home value is $349,500, 5% higher than the U.S. median. Renters pay a median of $1,081 per month, which is 22.7% of household income. Homeowners with a mortgage pay $1,548 a month in housing costs.
Chincoteague median household income
The median household income in Chincoteague is $62,917 and the income per person is $41,918. 10.2% of residents live below the poverty line (Virginia: 9.9%).
Housing in Chincoteague: homes for sale and rent
- Housing units
- 4,543
- Owner-occupied
- 78.4%
- Renter-occupied
- 21.6%
- Vacant
- 62.3%Includes seasonal homes
- Median year built
- 1983
- Average household size
- 1.92
62.3% of homes are vacant most of the year, a sign that Chincoteague has many vacation and second homes.
Chincoteague demographics
- Population
- 3,296
- Median age
- 57.4
- Under 18
- 13.9%
- 65 and older
- 37.6%
- Households
- 1,714
- Foreign-born
- 0.4%
- Veterans
- 11.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Chincoteague ›
Education in Chincoteague
38% of adults 25 and older in Chincoteague have a bachelor's degree or higher (Virginia: 42.2%), and 16.5% have a graduate or professional degree.
Jobs and commute in Chincoteague
- Unemployment rate
- 6.5%State: 4.3%
- Average commute
- 17 minState: 27 min
- Work from home
- 13.4%
- Drive alone
- 71.5%
- Public transit
- 0%
- Walk to work
- 6.4%
- Homes with broadband
- 91.1%
Chincoteague vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Chincoteague | 3,296 | $62,917 | $349,500 | $1,081 |
| Captains Cove | 1,542 | $110,156 | $267,700 | — |
| Wattsville | 1,439 | $69,380 | $184,700 | $983 |
| Stockton | 110 | $84,306 | — | — |
| Atlantic | 342 | $107,143 | $252,000 | — |
| New Church | 443 | $30,515 | — | — |
| Makemie Park | 150 | $38,636 | — | — |
| Pocomoke City | 4,405 | $53,203 | $199,000 | $836 |
| Hallwood | 160 | $62,500 | $93,600 | $1,100 |
More for people moving to Chincoteague
Chincoteague ZIP code ›Weather and climate ›Living in Chincoteague: FAQ
What is the median household income in Chincoteague, VA?
The median household income in Chincoteague is $62,917, 32% lower than the Virginia median of $93,170 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Chincoteague?
The median home value in Chincoteague is $349,500, compared with $383,700 in Virginia.
How much is rent in Chincoteague?
The median gross rent in Chincoteague is $1,081 per month, about 22.7% of household income.
Is Chincoteague, VA a good place to live?
Pluses: home values 9% lower than the state median; an average commute of 17 minutes. Minuses: median household income 32% lower than the Virginia median; unemployment of 6.5%; a poverty rate of 10.2%.
What is the median age in Chincoteague?
The median age in Chincoteague is 57.4 years (Virginia: 39).
How long is the commute in Chincoteague?
The average commute to work in Chincoteague is 17 minutes; 13.4% of workers work from home.
What is the unemployment rate in Chincoteague?
The unemployment rate in Chincoteague is 6.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Chincoteague?
38% of adults in Chincoteague have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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