Housing costs in Gloucester Point?
A typical home costs
$312,700, which is 7.5% less expensive than the national average of
$338,100 and 8.9% less expensive than the average Virginia home, at
$343,200. Renting a two-bedroom unit in Gloucester Point costs
$1,130 per month, which is 19.3% cheaper than the national average of
$1,400 and 16.8% cheaper than the state average of
$1,320.
Can I afford Gloucester Point?
To live comfortably in Gloucester Point (zip 23062), Virginia, a minimum annual income of
$59,760 for a family, and
$38,800 for a single person is recommended.
What does A.I. say about Gloucester Point?
The cost of living in 23062 Gloucester Point, VA is quite reasonable. The average home value in the area is slightly above the national average at around $260,000. Property taxes are also fairly low at only 0.58% which helps to keep housing expenses manageable for many residents. The median household income in Gloucester Point is also quite high at around $71,800 and this allows people to have more disposable income to cover other living costs such as food and utilities. Compared to larger cities in Virginia, Gloucester Point offers a lower cost of living that many families find attractive while still giving them access to all the amenities they need and want.