Cost Of Living
Taking into account the cost of goods and services like housing, groceries, transportation and utilities, the overall cost of living in this area is well below average.
Housing
High scores in the housing category are a distinguishing feature of this area, possibly driven by a favorable home affordability ratio, higher home values and appreciation rates.
Amenities
The majority of amenities are not ideally located within walking distance. To access these amenities, residents may be required to rely on a vehicle or public transit.
Commute
A low commute score could be due to longer-than-average work commutes and the limited availability of public transportation in this area.
Crime
This area reports elevated crime rates per 100,000 individuals, potentially pointing some areas being unsafe for its residents. Stats are based on both property and violent crimes.
Employment
In the employment category, a low score could be attributed to low income levels and high unemployment in the area, suggesting potential difficulties in finding lucrative employment.
Located in the state of Virginia, Petersburg is a mid-sized city with a population of 30,791 inhabitants. According to Census, the majority (77%) of Petersburg residents identify as Black or African American followed by 17% White and 1% Asian. Petersburg is very likely to be a great place to live for singles as only 36%, of the population (over fifteen) are classified as married. Long travel times to work can be one of the most frustrating things in the world - right behind housework! If you decide that living in Petersburg is the right fit for you, your one way commute time will average 24 minutes, which is about average when compared to the national commute time of 26 minutes.
Without the right tools, moving to any new area can be very stressful and challenging. Living in Petersburg, Virginia could be a great experience for anyone who puts in the effort to do the research required. When searching for a new neighborhood, several key items should be considered. Safety is paramount, ensuring a secure environment for you and your family. Proximity to workplaces or schools reduces commuting time and enhances convenience. Access to amenities like parks, grocery stores and healthcare facilities contributes to a comfortable lifestyle. Reliable public transportation options promote easy mobility. A strong sense of community fosters social connections and a welcoming atmosphere. Using the livability score which includes data from categories like cost of living, commute, health & safety, education, you can easily compare the best places to live in Petersburg and also determine if there are any nearby cities that might be a better match for your lifestyle. You can also compare Petersburg to Virginia and the national average.
Petersburg, VA receives 63/100 for its livability score; this results in a ranking of #372 in Virginia and #13,566 in the USA. If we consider each of the categories on their own, we see that Petersburg ranks well for cost of living (A+) and housing (B-). There are some categories that Petersburg does not rank well for, including: amenities (F), crime (F) and employment (D-). It might be worth taking a closer look to determine why.
A robust real estate market serves as a crucial economic indicator, reflecting the local area's strength, stability and the confidence of its residents. Petersburg excels in the housing sector, scoring high marks based on factors such as median home and rental prices, appreciation rates and home affordability. These calculations suggest that the apartment rental and real estate market in the region is exceptionally healthy, highlighting the area's economic vitality and attractiveness to potential homebuyers and renters.
Petersburg real estate prices and overall affordability will play a huge role in determining if the area is the right fit for you. Of course there are probably some other items on your “wish list”, but even before they are considered, let’s take a look at the home prices and affordability in Petersburg. Median real estate prices in Petersburg come in at $111,800, which is 55% lower than the Virginia average. The home price to income ratio compares the median home prices to the median household income. In Petersburg, the home price to income ratio is 2.6, which is 31.6% lower than the Virginia average.
| Statistic | Petersburg | Virginia | National |
| Average one way commute | 24min | 28min | 26min |
| Workers who drive to work | 74.5% | 77.4% | 76.4% |
| Workers who carpool | 13.7% | 9.5% | 9.3% |
| Workers who take public transit | 2.8% | 4.5% | 5.1% |
| Workers who bicycle | 0.1% | 0.4% | 0.6% |
| Workers who walk | 1.6% | 2.4% | 2.8% |
| Working from home | 4.7% | 4.7% | 4.6% |
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