Chesapeake is a city in West Virginia state in USA with a population of 1915 residents..
The poverty rate of Chesapeake is 27.2%, which is 94% higher than national average.
The typical household in Chesapeake earns $38550 a year, compared to the national median of $67,500.
Financial hardship is relatively common in the city as 1 in every 4 residents live below the poverty line, well above the national poverty rate of 14.1%. Additionally, more than 1 in every 5 area households live on an income of less than $10,000 a year. Nationwide, 5.8% of households do. Nearly 63.7% of households earn less than $50,000 a year compared to 39% national rate.
With a lack of available jobs, many in Chesapeake are struggling financially. Nearly one in every 1 in every 10 workers in Chesapeake is unemployed.
The unemployment rate of Chesapeake remained 10.1%, which is 115% higher than national rate. Nearly 2 times comparable to 4.7% national rate, according to the Census.
Cost of living in Chesapeake is 0, which is 100% lower than national average.
In Chesapeake, only 9% of adults have a bachelor's degree and 29% have some college but no degree.
Median home value in Chesapeake is $62500 , which is 73% lower than national average.
While median income in Chesapeake remained $38550, which is 43% lower than national average.