Chesapeake has a population of 249,377 with a median age of 37.4. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 249,377 |
| Median Age | 37.4 |
| White | 57.3% |
| Black or African American | 29.3% |
| Asian | 3.7% |
| Hispanic or Latino | 7.0% |
| Other / Two or More Races | 2.7% |
The median household income in Chesapeake is $92,703, which is 23.4% above the national median of $75,149. The per capita income is $42,753. The poverty rate is 7.6%.
The unemployment rate in Chesapeake is 5.0%, compared to the national rate of 5.4%.
In Chesapeake, 93.3% of residents age 25+ have a high school diploma or higher, and 35.8% hold a bachelor's degree or higher (13.6% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 93.3% |
| Bachelor's Degree or Higher | 35.8% |
| Graduate or Professional Degree | 13.6% |
The median home value in Chesapeake is $339,500, above the national median of $281,900. The median monthly rent is $1,446. The homeownership rate is 73.3%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $339,500 |
| Median Monthly Rent | $1,446 |
| Homeownership Rate | 73.3% |
| Vacancy Rate | 3.9% |
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