Blacksburg, VA Cost Of Living
Cost Of Living In Blacksburg, VA Summary
Cost of living in Blacksburg 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 Blacksburg 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 Blacksburg is 114, with 100 being the average.
The cost of living index in Blacksburg is 1.1x higher than the national average.
Blacksburg ranks as the #73 cheapest in Virginia out of 190.
Blacksburg ranks as the #4,023 cheapest out of 6,489 in the US.
The median home value in Blacksburg is $408,581.
The median income in Blacksburg is $48,070.
Table Of Contents
Blacksburg's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Blacksburg, VA?
According to the most recent data on the cost of living, Blacksburg has an overall cost of living index of 114, which is 1.1x higher than the national index of 100.
Compared to Virginia, Blacksburg has a cost of living index that's 1.0x higher than Virginia's index of 110.
The standard of living in Blacksburg ranks as #73 most affordable out of the 190 places we measured in Virginia. By definition, that implies Blacksburg ranks as the #117 most expensive place in the Old Dominion.
For more reading on life in Blacksburg, check out:
In Virginia
In America
Blacksburg Cost Of Living Vs. Virginia
Six factors go into calculating the cost of living index in Blacksburg. Here is how it fairs on each of the criteria:
The Services index in Blacksburg is 102.
The Groceries index in Blacksburg is 100.
The Health index in Blacksburg is 92.
The Housing index in Blacksburg is 153.
The Transportation index in Blacksburg is 90.
The Utilities index in Blacksburg is 93.
| Living Expense | Blacksburg | Virginia | National Average | |
|---|---|---|---|---|
| Overall | 114 | 110 | 100 | |
| Services | 102 | 101 | 100 | |
| Groceries | 100 | 99 | 100 | |
| Health | 92 | 98 | 100 | |
| Housing | 153 | 130 | 100 | |
| Transportation | 90 | 94 | 100 | |
| Utilities | 93 | 104 | 100 | |
Blacksburg, 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 Blacksburg is $408,581.
The Median Rent in Blacksburg is $1,290.
The Median Income in Blacksburg is $48,070.
The Home Value To Income in Blacksburg is 8.5x.
The Rent To Monthly Income in Blacksburg is 0.32x.
| Statistic | Blacksburg | Virginia | United States |
|---|---|---|---|
| Median Home Value | $408,581 | $404,962 | $303,400 |
| Median Rent | $1,290 | $1,514 | $1,348 |
| Median Income | $48,070 | $90,974 | $78,538 |
| Home Value To Income | 8.5x | 4.5x | 3.9x |
| Rent To Monthly Income | 0.32x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Blacksburg, VA Costs By Category
Detailed Blacksburg Services Costs Vs. Virginia
| Item | Blacksburg | Virginia |
|---|---|---|
| Shampoo | $1.72 | $1.28 |
| Movie | $15.61 | $12.13 |
| Bowling | $27.24 | $18 |
| Haircut | $27.83 | $24.26 |
| Beauty Salon | $59.17 | $45.56 |
Detailed Blacksburg Groceries Costs Vs. Virginia
| Item | Blacksburg | Virginia |
|---|---|---|
| Ground Beef | $5.67 | $5.84 |
| Fried Chicken | $1.41 | $1.57 |
| Milk | $4.83 | $4.67 |
| Potatoes | $5.33 | $4.93 |
| Pizza | $12.62 | $12.09 |
| Beer | $11.14 | $10.41 |
| Toothpaste | $4.1 | $3.7 |
Detailed Blacksburg Health Costs Vs. Virginia
| Item | Blacksburg | Virginia |
|---|---|---|
| Optometrist | $130.89 | $125.68 |
| Doctor | $159.79 | $135.78 |
| Dentist | $125.44 | $113.29 |
Detailed Blacksburg Transportation Costs Vs. Virginia
| Item | Blacksburg | Virginia |
|---|---|---|
| Gasoline | $3.51 | $3.46 |
| Tire Balancing | $80.0 | $59.92 |
Detailed Blacksburg Utilities Costs Vs. Virginia
| Item | Blacksburg | Virginia |
|---|---|---|
| All Electricity | $200.62 | $193.99 |
| Phone | $184.83 | $192.25 |
Blacksburg SnackAbility
/10
Cost Of Living In Cities Around Blacksburg
The cost of living varies in the cities and towns around Blacksburg. Here's a quick look at the cost of living in the most populous nearby places:
Roanoke, VA has a cost of living index of 94, 0.8x Blacksburg.
Cave Spring, VA has a cost of living index of 106, 0.9x Blacksburg.
Salem, VA has a cost of living index of 100, 0.9x Blacksburg.
| City | Population | Cost Of Living | Vs. Blacksburg |
|---|---|---|---|
| Roanoke, VA | 98,677 | 94 | 0.8x |
| Cave Spring, VA | 26,014 | 106 | 0.9x |
| Salem, VA | 25,477 | 100 | 0.9x |
| Christiansburg, VA | 22,820 | 100 | 0.9x |
| Hollins, VA | 17,005 | 100 | 0.9x |
| Radford, VA | 16,505 | 93 | 0.8x |
| Martinsville, VA | 13,584 | 81 | 0.7x |
| Pulaski, VA | 8,937 | 88 | 0.8x |
| Vinton, VA | 8,038 | 95 | 0.8x |
| Covington, VA | 5,671 | 85 | 0.7x |
