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BETA Cost of Living

Hampton Roads is attractive in the guidebooks, but also in checkbooks

cost of living, people having fun
It’s easier to attract good people and retain them when your company is located in an area with an affordable cost of living. Every one of your employees’ paychecks will stretch farther in Hampton Roads than in many other parts of the country. As a result, you can offer wages that are competitive with other markets, even though those wages are empirically lower.




 

Hampton Roads Cost of Living (2nd Quarter 2010)
Composite Index
110.0
Groceries
106.3
Housing
119.7
Utilities
105.8
Transportation
102.5
Health Care
109.0
Miscellaneous
107.0

 

National average = 100

Source: Council for Community and Economic Research
, Cost of Living Index August 2010

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