Chesapeake vs Richmond
| Chesapeake | Richmond | |
|---|---|---|
| Population | 249,377 | 227,171 |
| Median Household Income | $95,373 | $64,587 |
| Median Home Value | $378,400 | $353,000 |
| Median Gross Rent | $1,586/mo | $1,372/mo |
| Homeownership Rate | 74.4% | 43.5% |
| Unemployment Rate | 4.6% | 5.7% |
| Bachelor's Degree or Higher | 36.9% | 45.6% |
| Median Age | 37.9 | 34.7 |
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024.