Cave Spring, VA Cost Of Living
Cost Of Living In Cave Spring, VA Summary
Cost of living in Cave Spring 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 Cave Spring 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 Cave Spring is 106, with 100 being the average.
The cost of living index in Cave Spring is 1.1x higher than the national average.
Cave Spring ranks as the #54 cheapest in Virginia out of 190.
Cave Spring ranks as the #3,278 cheapest out of 6,489 in the US.
The median home value in Cave Spring is $333,108.
The median income in Cave Spring is $85,314.
Table Of Contents
Cave Spring's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Cave Spring, VA?
According to the most recent data on the cost of living, Cave Spring has an overall cost of living index of 106, which is 1.1x higher than the national index of 100.
Compared to Virginia, Cave Spring has a cost of living index that's 1.0x lower than Virginia's index of 110.
The standard of living in Cave Spring ranks as #54 most affordable out of the 190 places we measured in Virginia. By definition, that implies Cave Spring ranks as the #136 most expensive place in the Old Dominion.
For more reading on life in Cave Spring, check out:
In Virginia
In America
Cave Spring Cost Of Living Vs. Virginia
Six factors go into calculating the cost of living index in Cave Spring. Here is how it fairs on each of the criteria:
The Services index in Cave Spring is 97.
The Groceries index in Cave Spring is 97.
The Health index in Cave Spring is 90.
The Housing index in Cave Spring is 117.
The Transportation index in Cave Spring is 98.
The Utilities index in Cave Spring is 115.
| Living Expense | Cave Spring | Virginia | National Average | |
|---|---|---|---|---|
| Overall | 106 | 110 | 100 | |
| Services | 97 | 101 | 100 | |
| Groceries | 97 | 99 | 100 | |
| Health | 90 | 98 | 100 | |
| Housing | 117 | 130 | 100 | |
| Transportation | 98 | 94 | 100 | |
| Utilities | 115 | 104 | 100 | |
Cave Spring, 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 Cave Spring is $333,108.
The Median Rent in Cave Spring is $1,224.
The Median Income in Cave Spring is $85,314.
The Home Value To Income in Cave Spring is 3.9x.
The Rent To Monthly Income in Cave Spring is 0.17x.
| Statistic | Cave Spring | Virginia | United States |
|---|---|---|---|
| Median Home Value | $333,108 | $404,962 | $303,400 |
| Median Rent | $1,224 | $1,514 | $1,348 |
| Median Income | $85,314 | $90,974 | $78,538 |
| Home Value To Income | 3.9x | 4.5x | 3.9x |
| Rent To Monthly Income | 0.17x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Cave Spring, VA Costs By Category
Detailed Cave Spring Services Costs Vs. Virginia
| Item | Cave Spring | Virginia |
|---|---|---|
| Shampoo | $1.2 | $1.28 |
| Movie | $13.42 | $12.13 |
| Bowling | $13.22 | $18 |
| Haircut | $14.4 | $24.26 |
| Beauty Salon | $33.51 | $45.56 |
Detailed Cave Spring Groceries Costs Vs. Virginia
| Item | Cave Spring | Virginia |
|---|---|---|
| Ground Beef | $5.36 | $5.84 |
| Fried Chicken | $1.43 | $1.57 |
| Milk | $4.59 | $4.67 |
| Potatoes | $4.93 | $4.93 |
| Pizza | $14.11 | $12.09 |
| Beer | $10.63 | $10.41 |
| Toothpaste | $3.66 | $3.7 |
Detailed Cave Spring Health Costs Vs. Virginia
| Item | Cave Spring | Virginia |
|---|---|---|
| Optometrist | $121.62 | $125.68 |
| Doctor | $150.7 | $135.78 |
| Dentist | $109.15 | $113.29 |
Detailed Cave Spring Transportation Costs Vs. Virginia
| Item | Cave Spring | Virginia |
|---|---|---|
| Gasoline | $3.29 | $3.46 |
| Tire Balancing | $41.28 | $59.92 |
Detailed Cave Spring Utilities Costs Vs. Virginia
| Item | Cave Spring | Virginia |
|---|---|---|
| All Electricity | $240.27 | $193.99 |
| Phone | $184.83 | $192.25 |
Cave Spring SnackAbility
/10
Cost Of Living In Cities Around Cave Spring
The cost of living varies in the cities and towns around Cave Spring. 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, 0.9x Cave Spring.
Lynchburg, VA has a cost of living index of 93, 0.9x Cave Spring.
Blacksburg, VA has a cost of living index of 114, 1.1x Cave Spring.
| City | Population | Cost Of Living | Vs. Cave Spring |
|---|---|---|---|
| Roanoke, VA | 98,677 | 94 | 0.9x |
| Lynchburg, VA | 79,255 | 93 | 0.9x |
| Blacksburg, VA | 45,288 | 114 | 1.1x |
| 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 | 0.9x |
| Timberlake, VA | 12,833 | 99 | 0.9x |
| Vinton, VA | 8,038 | 95 | 0.9x |
| Lexington, VA | 7,420 | 104 | 1.0x |
