Chincoteague is a very small coastal town (i.e. on the ocean, a bay, or inlet) located in the state of Virginia. With a population of 3,281 people and three associated neighborhoods, Chincoteague is the 163rd largest community in Virginia.

Chincoteague real estate is some of the most expensive in Virginia, although Chincoteague house values don't compare to the most expensive real estate in the U.S.

Also of interest is that Chincoteague has more people living here who work in computers and math than 95% of the places in the US.

One interesting thing about the economy is that relatively large numbers of people worked from their home: 9.00% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.

Another notable thing is that Chincoteague is an extremely popular destination for tourists and seasonal residents. So much of the population is seasonal such that the town’s population swells significantly during the vacation season, and drops again when the season ends. Because of this, much of the local economy is centered around tourism; some businesses may be operated only during the high season. During the low season, year-round residents will notice that the city is a substantially quieter place to live.

Residents will find that the town is relatively quiet. This is because it is not over-populated, and it has fewer college students, renters, and young children - all of whom can be noisy at times. So, if you're looking for a relatively peaceful place to live, Chincoteague is worth considering.

Chincoteague is also nautical, which means that parts of it are somewhat historic and touch the ocean or tidal bodies of water, such as inlets and bays. Quite often, nautical areas such as these attract visitors and locals who come to enjoy the scenery and various waterfront activities.

Being a small town, Chincoteague does not have a public transit system used by locals to get to and from work.

The population of Chincoteague is very well educated relative to most cities and towns in the nation, where the average community has 21.84% of its adult population holding a 4-year degree or higher: 36.27% of adults in Chincoteague have a bachelor's degree or even advanced degree.

The per capita income in Chincoteague in 2022 was $40,973, which is upper middle income relative to Virginia and the nation. This equates to an annual income of $163,892 for a family of four. However, Chincoteague contains both very wealthy and poor people as well.

The people who call Chincoteague home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Chincoteague residents report their race to be White. Important ancestries of people in Chincoteague include English, Irish, German, British, and Italian.

The most common language spoken in Chincoteague is English. Other important languages spoken here include Polish and Spanish.