Big Stone Gap, VA Cost Of Living
Cost Of Living In Big Stone Gap, VA Summary
Cost of living in Big Stone Gap 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 Big Stone Gap 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 Big Stone Gap is 86, with 100 being the average.
The cost of living index in Big Stone Gap is 0.9x lower than the national average.
Big Stone Gap ranks as the #7 cheapest in Virginia out of 190.
Big Stone Gap ranks as the #639 cheapest out of 6,489 in the US.
The median home value in Big Stone Gap is $141,444.
The median income in Big Stone Gap is $51,059.
Table Of Contents
Big Stone Gap's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Big Stone Gap, VA?
According to the most recent data on the cost of living, Big Stone Gap has an overall cost of living index of 86, which is 0.9x lower than the national index of 100.
Compared to Virginia, Big Stone Gap has a cost of living index that's 0.8x lower than Virginia's index of 110.
The standard of living in Big Stone Gap ranks as #7 most affordable out of the 190 places we measured in Virginia. By definition, that implies Big Stone Gap ranks as the #183 most expensive place in the Old Dominion.
For more reading on life in Big Stone Gap, check out:
In Virginia
In America
Big Stone Gap Cost Of Living Vs. Virginia
Six factors go into calculating the cost of living index in Big Stone Gap. Here is how it fairs on each of the criteria:
The Services index in Big Stone Gap is 95.
The Groceries index in Big Stone Gap is 97.
The Health index in Big Stone Gap is 87.
The Housing index in Big Stone Gap is 70.
The Transportation index in Big Stone Gap is 82.
The Utilities index in Big Stone Gap is 100.
| Living Expense | Big Stone Gap | Virginia | National Average | |
|---|---|---|---|---|
| Overall | 86 | 110 | 100 | |
| Services | 95 | 101 | 100 | |
| Groceries | 97 | 99 | 100 | |
| Health | 87 | 98 | 100 | |
| Housing | 70 | 130 | 100 | |
| Transportation | 82 | 94 | 100 | |
| Utilities | 100 | 104 | 100 | |
Big Stone Gap, VA Housing Cost Breakdown
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 2019-2023. The key points are:
The Median Home Value in Big Stone Gap is $141,444.
The Median Rent in Big Stone Gap is $823.
The Median Income in Big Stone Gap is $51,059.
The Home Value To Income in Big Stone Gap is 2.8x.
The Rent To Monthly Income in Big Stone Gap is 0.19x.
| Statistic | Big Stone Gap | Virginia | United States |
|---|---|---|---|
| Median Home Value | $141,444 | $404,962 | $303,400 |
| Median Rent | $823 | $1,514 | $1,348 |
| Median Income | $51,059 | $90,974 | $78,538 |
| Home Value To Income | 2.8x | 4.5x | 3.9x |
| Rent To Monthly Income | 0.19x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Big Stone Gap, VA Costs By Category
Detailed Big Stone Gap Services Costs Vs. Virginia
| Item | Big Stone Gap | Virginia |
|---|---|---|
| Shampoo | $1.19 | $1.28 |
| Movie | $14.09 | $12.13 |
| Bowling | $19.33 | $18 |
| Haircut | $23.91 | $24.26 |
| Beauty Salon | $45.13 | $45.56 |
Detailed Big Stone Gap Groceries Costs Vs. Virginia
| Item | Big Stone Gap | Virginia |
|---|---|---|
| Ground Beef | $6.2 | $5.84 |
| Fried Chicken | $1.66 | $1.57 |
| Milk | $4.67 | $4.67 |
| Potatoes | $5.02 | $4.93 |
| Pizza | $11.91 | $12.09 |
| Beer | $9.97 | $10.41 |
| Toothpaste | $3.58 | $3.7 |
Detailed Big Stone Gap Health Costs Vs. Virginia
| Item | Big Stone Gap | Virginia |
|---|---|---|
| Optometrist | $87.33 | $125.68 |
| Doctor | $108.51 | $135.78 |
| Dentist | $96.95 | $113.29 |
Detailed Big Stone Gap Transportation Costs Vs. Virginia
| Item | Big Stone Gap | Virginia |
|---|---|---|
| Gasoline | $3.08 | $3.46 |
| Tire Balancing | $51.47 | $59.92 |
Detailed Big Stone Gap Utilities Costs Vs. Virginia
| Item | Big Stone Gap | Virginia |
|---|---|---|
| All Electricity | $161.17 | $193.99 |
| Phone | $192.18 | $192.25 |
Big Stone Gap SnackAbility
/10
Cost Of Living In Cities Around Big Stone Gap
The cost of living varies in the cities and towns around Big Stone Gap. 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 87, 1.0x Big Stone Gap.
Bristol, TN has a cost of living index of 88, 1.0x Big Stone Gap.
Greeneville, TN has a cost of living index of 88, 1.0x Big Stone Gap.
| City | Population | Cost Of Living | Vs. Big Stone Gap |
|---|---|---|---|
| Kingsport, TN | 55,807 | 87 | 1.0x |
| Bristol, TN | 27,490 | 88 | 1.0x |
| Greeneville, TN | 15,531 | 88 | 1.0x |
| Elizabethton, TN | 14,364 | 91 | 1.1x |
| Bloomingdale, TN | 8,840 | 84 | 1.0x |
| Pikeville, KY | 7,560 | 99 | 1.2x |
| Church Hill, TN | 7,057 | 89 | 1.0x |
| Jonesborough, TN | 6,056 | 94 | 1.1x |
| Mount Carmel, TN | 5,504 | 91 | 1.1x |
