New Point, VA Utility & Living Guide

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Tier 3 Location

New Point, VA Utility & Living Guide

Living in New Point, VA offers a tranquil and scenic experience with access to the Chesapeake Bay and surrounding natural beauty.

Last updated: June 26, 2026
Total Utilities$280/mo
1BR Rent$1100/mo
Sales Tax5.3%
COL Index105 (+5% above national average)
Family Score7/10
Median Home$280,000
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⚠️ Natural Hazard History — New Point
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💰 Budget Calculator
🔌 Utilities
🏠 Housing
📊 Cost of Living
💰 Taxes
👨‍👩‍👧 Families
🧮 Tools

Monthly Utility Costs

⚡ Electric

$130/mo

Dominion Energy
🔥 Gas

N/A - Electric only
💧 Water

$50/mo

Mathews County Public Works
🗑️ Garbage

$30/mo

Waste Management
📶 Internet

$70/mo

Combined Average Overhead $280/month

Housing Market

Rent & Property
1 Bedroom$1100/mo
2 Bedrooms$1400/mo
3 Bedrooms$2000/mo
Median Home Price$280,000
Property Tax Rate0.8%
Avg Childcare/mo$900

The housing market in New Point is relatively stable, with a mix of older and newer homes available. Waterfront properties are highly sought after, and prices can be higher in these areas. Rentals are also available, but may be limited in certain areas.

Cost of Living

Overall COL Index

105

US national avg = 100
vs National Avg

+5% above national average

Groceries

102

Transportation

98

Healthcare

100

Childcare/mo

$900

Tax Rates

Tax Overview
Total Sales Tax5.3%
Property Tax Rate0.8%
<p>State 4.3% + Local 1%</p>

Virginia has a progressive income tax system, with rates ranging from 2% to 5.75%

Family & Relocation

Family Vibe Score
7/10
Safety Index

60

Higher = safer
School Rating

7/10

GreatSchools avg
Avg Childcare

$900/mo

City Pulse

Population Trend
+2% (growing)
Political Climate
Red
Business Momentum
Moderate, with key industries in tourism, fishing, and small business
Top Local Concerns
Traffic, flooding, economic growth
🚌 Transit for Families

New Point has limited public transportation, but the area is relatively flat and easy to navigate with a stroller.

🎡 Top Kid Attractions
  • 🎯
    Mathews County Park
  • 🎯
    Chesapeake Bay Beach
  • 🎯
    New Point Comfort Lighthouse

Best Neighborhoods for Families

The areas around Mathews County Park and the Chesapeake Bay are popular with families, offering a mix of outdoor activities and community events. The town's central area also has a number of family-friendly shops and restaurants.

Household Budget Calculator

Estimate your real monthly cost of living in New Point based on your household profile.

Local Briefing & Neighborhood Pulse

Live Local News

New Point has zoning regulations in place to protect the area’s natural beauty and character.

The current financial trend in New Point is a growing demand for waterfront properties and a increasing popularity of the area as a tourist destination. This has led to an increase in local businesses and job opportunities.

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📊 New Point — Census & Demographic Data

Official data from the US Census Bureau, American Community Survey.

☀️ Seasonal Utility Costs

Utility costs in New Point can fluctuate by season, with higher electricity bills in the summer due to air conditioning usage. In the winter, heating costs can also increase, although the area's mild climate helps to keep these costs relatively low.

🏛️ Local Tax Details

The ZIP code 23120 has a property tax millage rate of 0.8, with no local surtaxes.

👶 Family & Stroller Friendliness

6, New Point has a relatively low stroller-friendly score due to limited sidewalk access in some areas, but the town's flat terrain and scenic parks make it a pleasant place to explore with a stroller.

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