Housing costs in New Kent?
A typical home costs
$375,100, which is 10.9% more expensive than the national average of
$338,100 and 9.3% more expensive than the average Virginia home, at
$343,200. Renting a two-bedroom unit in New Kent costs
$1,270 per month, which is 9.3% cheaper than the national average of
$1,400 and 4.7% cheaper than the state average of
$1,330.
Can I afford New Kent?
To live comfortably in New Kent (zip 23124), Virginia, a minimum annual income of
$72,000 for a family, and
$44,800 for a single person is recommended.
What does A.I. say about New Kent?
The cost of living in 23124 New Kent, VA is quite reasonable. The median home value is around $234,000, which is significantly lower than the national average. Additionally, the median household income in the area is slightly higher than the national average at approximately $69,000 per year. This combination leads to a low cost of living for the residents of this area. Prices on goods and services tend to be slightly lower than other parts of Virginia and the nation as a whole. In addition, there are plenty of jobs available in this region so finding employment close to home isn't difficult. All in all, 23124 New Kent is a great place to live for those looking for an affordable cost of living and plenty of job opportunities.