Everything else equal, I think we can all agree that living in a cheaper place is better than living in a more expensive place.
I’d much rather pay $500/mo in rent than $1,000. And I’d rather pay $2 for coffee than $5.
And while every neighbhorhood in Chesapeake might be more expensive than living in rural Virginia, there are certain neighborhoods that are definitely cheaper.
So what exactly are those Chesapeake neighborhoods where your dollar goes a little further — you can get that one bedroom instead of the studio?
Instead of relying on public opinion and speculation, we wanted to get the facts straight and find out which neighborhoods in Chesapeake are the cheapest.
What’s the cheapest neighborhood to live in Chesapeake for 2020? According to the most recent census data, Deep Creek North looks to be the cheaptest Chesapeake neighborhood to live in.
At this point we should make it clear that you do get what you pay for — some of these neighborhoods might not be the best places to live in Chesapeake. You could be sacrificing location or crime rates in return for more space and cheaper groceries.
Read on to see how we determined the places around Chesapeake that deserve a little bragging rights or maybe you’re interested in the worst neighborhoods in Chesapeake.
Once you’re done, you can look at the bottom of the story for a complete chart of every neighborhood we looked at from cheapest to most expensive.
For more Virginia reading, check out:
- Best Places To Live In Virginia
- Best Counties To Live In Virginia
- Cheapest Cities To Live In America
- Cheapest States To Live In America
How We Determined The Cheapest Chesapeake Hoods In 2020
In order to rank the cheapest places to live in Chesapeake, we had to determine what criteria defines “cheap”.
- Overall Cost Of Living
- Rent To Income Ratio
- Median Home Value To Income Ratio
We then ranked each neighborhood with scores from 1 to 14 in each category, where 1 was the cheapest.
Next, we averaged the rankings for each neighborhood to create a cheap neighborhood index.
And finally, we crowned the neighborhood with the lowest cheapest neighborhood index the “Cheapest City Neighborhood In Chesapeake.” We’re lookin’ at you, Deep Creek North.
Read on below to learn more about what it’s like to live in the cheapest places Chesapeake. Or skip to the end to see the list of all the neighborhoods in the city from cheapest to most expensive.
The 5 Cheapest Neighborhoods To Live In Chesapeake For 2020
The median income in Deep Creek North comes in at $62,935 and the median home value is $186,792 for 2020.
Deep Creek is a former unincorporated town of the former Norfolk County which since 1963 has been located in the independent city of Chesapeake in the South Hampton Roads region of southeastern Virginia. Deep Creek is located on the original route of U.S. Highway 17, on a section now designated as U.S. Route 17 Business, and has been largely bypassed by modern highway improvements.
The median income in Deep Creek South comes in at $103,822 and the median home value is $299,425 for 2020.
The median income in Western Branch North comes in at $71,545 and the median home value is $233,742 for 2020.
Great Bridge is a community located in the independent city of Chesapeake in the U.S. state of Virginia. Its name is derived from the American Revolutionary War Battle of Great Bridge, which took place on December 9, 1775 and resulted in the final removal of British government from the Colony and Dominion of Virginia. Near the end of the war, the Hudgins family moved to Great Bridge and established the first permanent settlement in the area. Descendants of the family can still be found living in the Forest Lakes section of Chesapeake.
The median income in Great Bridge East comes in at $96,305 and the median home value is $319,700 for 2020.
The median income in South Norfolk comes in at $48,169 and the median home value is $158,378 for 2020.
Summing Up The Cheapest Places In Chesapeake
If you’re measuring the neighborhoods in Chesapeake where prices are low and it’s cheap to live, this is an accurate list.
As we mentioned earlier, the neighborhoods in Chesapeake aren’t all cheap. Greenbrier West takes the title of the most expensive neighborhood to live in Chesapeake.
We ranked the neighborhoods from cheapest to most expensive in the chart below.
For more Virginia reading, check out:
- Cheapest Places To Live In Virginia
- Best Places To Raise A Family In Virginia
- Best Places To Retire In Virginia
- Richest Cities In Virginia
- Safest Places In Virginia
- Worst Cities In Virginia For 2017
Detailed List Of The Cheapest Neighborhoods To Live In Chesapeake For 2020
|Rank||Neighborhood||Cost Of Living Index|
|1||Deep Creek North||103|
|2||Deep Creek South||119|
|3||Western Branch North||110|
|4||Great Bridge East||120|
|7||Pleasant Grove East||119|
|9||Western Branch South||112|
|10||Pleasant Grove West||125|
|13||Deep Creek West-Dismal Swamp||120|