Chincoteague, VA
Population 3,300 · Virginia
About Chincoteague, VA
Chincoteague is a small town located in Virginia with a population of 3,300 residents according to the latest US Census Bureau American Community Survey data. The median household income is $62,292 per year, which is 17% below the national median of $75,149. The median age of 56.8 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Chincoteague features a median home value of $329,200, which is 34% above the national median of $244,900. This positions Chincoteague in a moderately priced market relative to the rest of the country. Median monthly rent is $1,102, 5% below the national average of $1,163/month. Of the 4,472 total housing units, 75% are owner-occupied (1,287 units) and 25% are renter-occupied (440 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Chincoteague shows an unemployment rate of 8.3%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 10.6%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Chincoteague have an average one-way commute time of 17.2 minutes, one of the shorter commutes in the region.
Education & Demographics
37.2% of Chincoteague residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 0.0% White, 1.4% Hispanic or Latino, 0.5% Black or African American, and 1.5% Asian residents, with 3.5% of the population being foreign-born.
Cost of Living in Chincoteague, VA
Compared to national averages, Chincoteague has a median household income of $62,292 (17% below the national median of $75,149). Home values average $329,200, which is 34% above the national median. Monthly rent at $1,102 is 5% below the US average of $1,163. Within Virginia, Chincoteague's income is 29% below the state average of $87,957, and home values are 1% above the state median of $327,514.
Why Live in Chincoteague, VA?
Chincoteague offers rent that’s lower than the national average at $1,102/month, and a well-educated community where 37.2% of residents hold a bachelor’s degree or higher, and a low poverty rate of 10.6%, better than the national average. Additionally, the city features short commute times averaging just 17.2 minutes.
Potential considerations include median household income ($62,292) that falls below the national average. However, Chincoteague’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Chincoteague has a population of 3,300 with a median age of 56.8 years. Compare Chincoteague with other cities to see how it stacks up, or explore all cities in Virginia.
Similar Cities Near Chincoteague
Cities in Virginia with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Blackstone | 3,341 | $58,479 | $185,600 | Compare |
| Lake Wilderness | 3,255 | $115,781 | $325,700 | Compare |
| Altavista | 3,356 | $45,962 | $135,000 | Compare |
| Marshall | 3,213 | $98,702 | $411,700 | Compare |
| Dahlgren | 3,417 | $106,071 | $383,400 | Compare |
| Daleville | 3,166 | $99,028 | $340,300 | Compare |
| West Point | 3,439 | $83,475 | $256,600 | Compare |
| Lebanon | 3,133 | $57,578 | $161,900 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Virginia
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Chincoteague With Other Cities
Frequently Asked Questions about Chincoteague
What is the population of Chincoteague, VA?
The population of Chincoteague, VA is 3,300 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Virginia.
What is the median household income in Chincoteague?
The median household income in Chincoteague, VA is $62,292 per year, which is 17% below the national median of $75,149.
What is the median home value in Chincoteague?
The median home value in Chincoteague, VA is $329,200, which is 34% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Chincoteague?
The median monthly rent in Chincoteague, VA is $1,102, which is 5% below the national average of $1,163/month.
What is the unemployment rate in Chincoteague?
The unemployment rate in Chincoteague, VA is 8.3%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Chincoteague, VA a good place to live?
Chincoteague offers a moderate cost of living, a competitive housing market, and growing employment opportunities. With a population of 3,300 and a median age of 56.8, the city appeals to established professionals and retirees.
How educated is Chincoteague, VA?
37.2% of residents in Chincoteague aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Chincoteague?
Key cost-of-living indicators for Chincoteague, VA: median home value is $329,200 (34% above national), median rent is $1,102/month, and median household income is $62,292. The home-value-to-income ratio is 5.3x, a moderate figure by national standards.
What is the poverty rate in Chincoteague?
The poverty rate in Chincoteague, VA is 10.6%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Chincoteague, VA?
Chincoteague's population is 0.0% White, 1.4% Hispanic or Latino, 0.5% Black or African American, 1.5% Asian, and 0.0% two or more races. 3.5% of residents are foreign-born.