Chincoteague is located in east Virginia. Chincoteague is part of Accomack County. Chincoteague has 9.11 square miles of land area and 28.22 square miles of water area. As of 2010-2014, the total Chincoteague population is 2,933, which has shrunk 32.06% since 2000. The population growth rate is much lower than the state average rate of 15.63% and is much lower than the national average rate of 11.61%. Chincoteague median household income is $45,430 in 2010-2014 and has grown by 59.33% since 2000. The income growth rate is much higher than the state average rate of 38.81% and is much higher than the national average rate of 27.36%. Chincoteague median house value is $244,000 in 2010-2014 and has grown by 131.06% since 2000. The house value growth rate is higher than the state average rate of 94.18% and is much higher than the national average rate of 46.91%. As a reference, the national Consumer Price Index (CPI) inflation rate for the same period is 26.63%. On average, the public school district that covers Chincoteague is better than the state average in quality.