Chincoteague, VA vs Elkton, VA: Cost of Living

Which city costs less?

Elkton, VA has a modeled overall cost index 1.9% lower than Chincoteague, VA.

Chincoteague, VA · modeled 2BR rent
$1,230 / month
Elkton, VA · modeled 2BR rent
$1,260 / month

These are saved estimates, not current rental listings. Some cities use adjusted regional data. Your household budget can differ from the overall index. Sources and assumptions

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Cost of Living Comparison 2026

Compare Chincoteague, VA and Elkton, VA using saved regional data and explicit budgeting assumptions. Rent estimates are not live listings. Change the salary below, then check the source notes before applying a result to your household.

Saved regional estimates · Sources and assumptions

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Estimated savings: $70.50/month in Elkton, VA

$150,000 in your current city has a modeled equivalent of $149,154 in Elkton, VA

Regional cost estimates: Chincoteague, VA uses Norfolk, VA. Elkton, VA uses Richmond, VA. Available city ZIP rent estimates are shown separately.
Overall Cost
↓ 1.9%
Less expensive
Monthly Impact
$70.50
Savings
Annual Impact
$846
Per year

Assumes 60% of current gross income goes to living costs. The headline uses the category budget below; taxes, moving costs and savings goals are excluded.

Chincoteague, VA

Population:3K
Cost Index:
88.1
100 = national average
Typical Home:$356K

Elkton, VA

Population:3K
Cost Index:
86.4
100 = national average
Typical Home:$311K

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Chincoteague, VA

The Old Dominion State

3K
Population
State Tax
Yes

Located in Virginia, this city has a population of 3K residents.

Elkton, VA

The Old Dominion State

3K
Population
State Tax
Yes

Located in Virginia, this city has a population of 3K residents.

Cost Breakdown by Category

Estimated monthly spending: Chincoteague, VA vs Elkton, VA

Assumes 60% of your current gross income is spent on these categories. The headline and totals use this same budget. Rent estimates below are separate reference data. Rounded amounts may differ by $1.

Housing
↓ 1.9%
Chincoteague, VA
$2,265
Elkton, VA
$2,222
Difference
$42.40
less
Transportation
↓ 1.9%
Chincoteague, VA
$1,269
Elkton, VA
$1,245
Difference
$23.75
less
Other
↑ 1.0%
Chincoteague, VA
$1,687
Elkton, VA
$1,704
Difference
$17.10
more
Groceries
↓ 0.9%
Chincoteague, VA
$1,010
Elkton, VA
$1,000
Difference
$9.50
less
Healthcare
↓ 0.9%
Chincoteague, VA
$665
Elkton, VA
$659
Difference
$6.26
less
All Utilities
↓ 0.9%
Chincoteague, VA
$604
Elkton, VA
$598
Difference
$5.68
less

🏠Rent Comparison

Studio
From$860
To$980
↑ $120
1 Bed
From$1,000
To$980
↓ $20.00
2 Bed
From$1,230
To$1,260
↑ $30.00
3 Bed
From$1,600
To$1,700
↑ $100
Chincoteague, VAZIP-level data

1BR range: $1,000–$1,000/mo

Elkton, VAZIP-level data

1BR range: $980–$980/mo

💡 Note: HUD Fair Market Rents estimate 40th-percentile gross rents, including most tenant-paid utilities. City ZIP summaries are medians of those estimates, not market median rents. Actual prices vary by neighborhood, amenities, and condition. Source: HUD Small Area Fair Market Rents FY2026.

$7,500
Monthly in Chincoteague, VA
$7,430
Monthly in Elkton, VA
$70.50
Difference

Home Values

Chincoteague
Elkton
$356K
Median Value
$311K
↓ -0.9%
YoY Change
↑ +1.4%
↑ +54.9%
5-Year Change
↑ +37.4%

Homes in Elkton are 13% less expensive than Chincoteague

Calculate payment - ChincoteagueCalculate payment - Elkton

Source: Zillow Home Value Index (ZHVI), January 2026

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings
→ $0
Same taxes
Monthly Difference
$0
Same take-home
Effective Rate Diff
0.0%
Rate difference

Chincoteague, VA

Federal Income Tax
Effective: 18.9%
$25.5K
Virginia State Tax
Effective: 5.6%
$8.4K
FICA Taxes
Social Security + Medicare
$11.5K
Total Taxes
Effective: 30.3%
$45.4K
Take-Home Pay
$8,718/month
$104.6K

Elkton, VA

Federal Income Tax
Effective: 18.9%
$25.5K
Virginia State Tax
Effective: 5.6%
$8.4K
FICA Taxes
Social Security + Medicare
$11.5K
Total Taxes
Effective: 30.3%
$45.4K
Take-Home Pay
$8,718/month
$104.6K

Additional Tax Information

Chincoteague, VA Tax Rates

Sales Tax:5.7%
Property Tax:0.8%

Elkton, VA Tax Rates

Sales Tax:5.7%
Property Tax:0.8%

💡 Note: Tax calculations are estimates based on 2024/2025 tax brackets for single filers with standard deduction. Actual taxes may vary based on filing status, deductions, credits, and local variations.

Environment

Chincoteague
Elkton
32 Good
Air Quality
36 Good
85.8%
Good Air Days
79.2%
81 Moderate
Climate Risk
78 Low
🌅
Top Hazards
None
▲+2.6°F
2050 Outlook
▲+2.8°F
21 days
Heat Days >95°F
30 days
▲+2.6°F
2050 Outlook
▲+2.8°F
21 days
Heat Days >95°F
30 days

Before moving from Chincoteague, VA to Elkton, VA

Use this comparison to shortlist a move, then check the costs that depend on your household.

  1. Compare actual homes. Get current quotes in Elkton, VA for the same bedroom count and included utilities as your home in Chincoteague, VA. Add parking, deposits, insurance and any overlapping leases. The rent estimates above are a starting point, not available listings.
  2. Confirm your income. Check your expected pay with your employer, including any location adjustment. Use “Different salary at destination?” above to compare two incomes. The budget model excludes taxes and one-time moving costs; it is not a take-home-pay calculation.
  3. Price your daily routine. Check the commute from a specific address to work, school or childcare. Add household expenses missing from this model, such as childcare, debt payments and medical needs. Verify local services before signing a lease.
  4. Plan the transition. Get moving quotes and budget for travel, setup costs and time off. Open your Chincoteague to Elkton moving checklist to organize the tasks and timing.

Still choosing a destination? Explore cities similar to Elkton, VA by cost, housing, population and region.

Frequently Asked Questions: Chincoteague, VA vs Elkton, VA

How do the cost estimates for Chincoteague, VA and Elkton, VA compare?

Elkton, VA has a modeled overall cost index 1.9% lower than Chincoteague, VA. This is a broad model comparison, not a survey of today's prices or a forecast of your household spending. Some cities use adjusted regional fallback data.

What does the equivalent salary mean?

At a $150,000 salary in Chincoteague, VA, the model estimates $149,154 in Elkton, VA. It allocates 60% of gross income to the origin city’s category budget and applies each destination category’s relative cost. The equivalent salary adds the total category difference to your income. The monthly difference is the same category difference divided by 12; it is not take-home pay or guaranteed savings. Household size, childcare and your actual lease are not inputs to this calculation.

What rent estimates are available for Chincoteague, VA and Elkton, VA?

The modeled two-bedroom rents are $1,230/month in Chincoteague, VA and $1,260/month in Elkton, VA. Where available, the source is a city median of HUD FY2026 ZIP-level estimates; otherwise a saved metro table is used. City adjustments may also apply. These are not asking rents or available listings. Compare actual properties with the same bedroom count and included utilities.

How should I use this comparison before moving?

Use it to shortlist locations, then replace modeled costs with a current housing quote, employer-confirmed income, commute costs, insurance and your household's other expenses. Add one-time moving costs separately. Source years differ and the saved datasets are not a live price feed. Read the methodology for the formulas and fallback rules.

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