Petersburg, VA Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Petersburg, VA Summary

Cost of living in Petersburg research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Petersburg is expensive. An index value below 100 means the city is a relatively cheap place to live.

On a city-by-city basis in Virginia, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:

  • The cost of living index in Petersburg is 92, with 100 being the average.

  • The cost of living index in Petersburg is 0.9x lower than the national average.

  • Petersburg ranks as the #23 cheapest in Virginia out of 186.

  • Petersburg ranks as the #1,974 cheapest out of 6,412 in the US.

  • The median home value in Petersburg is $119,200.

  • The median income in Petersburg is $44,890.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
92
Petersburg's Overall Cost Of Living
0.9x
Lower Than The National Average

What is the cost of living in Petersburg, VA?

According to the most recent data on the cost of living, Petersburg has an overall cost of living index of 92, which is 0.9x lower than the national index of 100.

Compared to Virginia, Petersburg has a cost of living index that's 0.9x lower than Virginia's index of 102.

The standard of living in Petersburg ranks as #23 most affordable out of the 186 places we measured in Virginia. By definition, that implies Petersburg ranks as the #163 most expensive place in the Old Dominion.

For more reading on life in Petersburg, check out:

23 out of 186
In Virginia
1,974 out of 6,412
In America

Petersburg Cost Of Living Vs. Virginia

Six factors go into calculating the cost of living index in Petersburg. Here is how it fairs on each of the criteria:

  • The Services index in Petersburg is 103.

  • The Groceries index in Petersburg is 91.

  • The Health index in Petersburg is 106.

  • The Housing index in Petersburg is 68.

  • The Transportation index in Petersburg is 90.

  • The Utilities index in Petersburg is 103.

Living Expense Petersburg Virginia National Average
Overall 92 102 100
Services 103 102 100
Groceries 91 98 100
Health 106 102 100
Housing 68 107 100
Transportation 90 95 100
Utilities 103 102 100
For more reading on cost of living around Virginia, check out:
Petersburg Cost of Living Vs. VA

Petersburg, VA Housing Cost Breakdown

Housing swings affordability the most between places in Virginia, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:

  • The Median Home Value in Petersburg is $119,200.

  • The Median Rent in Petersburg is $1,023.

  • The Median Income in Petersburg is $44,890.

  • The Home Value To Income in Petersburg is 2.7x.

  • The Rent To Monthly Income in Petersburg is 0.27x.

Statistic Petersburg Virginia United States
Median Home Value $119,200 $295,500 $244,900
Median Rent $1,023 $1,326 $1,163
Median Income $44,890 $80,615 $69,021
Home Value To Income 2.7x 3.7x 3.5x
Rent To Monthly Income 0.27x 0.2x 0.2x
Search Homes For Sale In Petersburg, VA
$119,200
Median Home Value
$1,023
Median Rent
$44,890
Median Income

Petersburg, VA Costs By Category

Detailed Petersburg Services Costs Vs. Virginia

Item Petersburg Virginia
Shampoo $0.97 $1.06
Movie $11.73 $10.68
Bowling $18.0 $14.67
Haircut $21.36 $18.62
Beauty Salon $44.43 $39.05

Detailed Petersburg Groceries Costs Vs. Virginia

Item Petersburg Virginia
Ground Beef $3.61 $4.22
Fried Chicken $1.05 $1.39
Milk $1.58 $2.05
Potatoes $3.16 $3.29
Pizza $10.13 $10.62
Beer $9.82 $9.38
Toothpaste $1.85 $2.34

Detailed Petersburg Health Costs Vs. Virginia

Item Petersburg Virginia
Optometrist $116.2 $108.57
Doctor $139.74 $116.17
Dentist $99.4 $99.13

Detailed Petersburg Transportation Costs Vs. Virginia

Item Petersburg Virginia
Gasoline $2.01 $2.22
Tire Balancing $46.7 $50.07

Detailed Petersburg Utilities Costs Vs. Virginia

Item Petersburg Virginia
All Electricity $176.41 $167.67
Phone $177.97 $175.64

Petersburg SnackAbility

3
/10
Overall SnackAbility
Jobs
4/10
Housing
6
Affordability
6
Diversity
8
Safety
4
Amenities
8.5
Education
6
Commute
8

Cost Of Living In Cities Around Petersburg

The cost of living varies in the cities and towns around Petersburg. Here's a quick look at the cost of living in the most populous nearby places:

  • Hopewell, VA has a cost of living index of 93, 1.0x Petersburg.

  • Chester, VA has a cost of living index of 101, 1.1x Petersburg.

  • Meadowbrook, VA has a cost of living index of 101, 1.1x Petersburg.

City Population Cost Of Living Vs. Petersburg
Hopewell, VA 23,020 93 1.0x
Chester, VA 22,512 101 1.1x
Meadowbrook, VA 19,574 101 1.1x
Colonial Heights, VA 18,127 97 1.1x
Bellwood, VA 8,138 94 1.0x
Fort Lee, VA 6,271 108 1.2x
Bensley, VA 5,945 90 1.0x
Ettrick, VA 5,169 92 1.0x

Articles About Virginia

Enjoy The Snack?