Cost of living in Abingdon research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Abingdon is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Virginia, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Abingdon is 87, with 100 being the average.
The cost of living index in Abingdon is 0.9x lower than the national average.
Abingdon ranks as the #15 cheapest in Virginia out of 186.
Abingdon ranks as the #1,101 cheapest out of 6,412 in the US.
The median home value in Abingdon is $170,800.
The median income in Abingdon is $54,384.
According to the most recent data on the cost of living, Abingdon has an overall cost of living index of 87, which is 0.9x lower than the national index of 100.
Compared to Virginia, Abingdon has a cost of living index that's 0.9x lower than Virginia's index of 102.
The standard of living in Abingdon ranks as #15 most affordable out of the 186 places we measured in Virginia. By definition, that implies Abingdon ranks as the #171 most expensive place in the Old Dominion.
For more reading on life in Abingdon, check out:
Six factors go into calculating the cost of living index in Abingdon. Here is how it fairs on each of the criteria:
The Services index in Abingdon is 99.
The Groceries index in Abingdon is 97.
The Health index in Abingdon is 90.
The Housing index in Abingdon is 76.
The Transportation index in Abingdon is 83.
The Utilities index in Abingdon is 83.
|Living Expense||Abingdon||Virginia||National Average|
Housing swings affordability the most between places in Virginia, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Abingdon is $170,800.
The Median Rent in Abingdon is $718.
The Median Income in Abingdon is $54,384.
The Home Value To Income in Abingdon is 3.1x.
The Rent To Monthly Income in Abingdon is 0.16x.
|Median Home Value||$170,800||$295,500||$244,900|
|Home Value To Income||3.1x||3.7x||3.5x|
|Rent To Monthly Income||0.16x||0.2x||0.2x|
The cost of living varies in the cities and towns around Abingdon. Here's a quick look at the cost of living in the most populous nearby places:
Kingsport, TN has a cost of living index of 85, 1.0x Abingdon.
Bristol, TN has a cost of living index of 83, 1.0x Abingdon.
Boone, NC has a cost of living index of 104, 1.2x Abingdon.
|City||Population||Cost Of Living||Vs. Abingdon|
|Church Hill, TN||6,973||86||1.0x|
|Mount Carmel, TN||5,460||88||1.0x|