Cave Spring, VA Cost Of Living

The latest cost of living statistics for Cave Spring. Includes statistics on rent, mortgages, healthcare, and other costs for Cave Spring compared to the state and national averages.

Cost of living in Cave Spring, Virginia

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:

108 Cost of living index 1.1x higher vs US
#49 Cheapest in Virginia (of 188)
#3,347 Cheapest in the U.S. (of 6,489)
$350,226 Median home value
$1,285 Median rent
$87,539 Median income
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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 108, 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 112.

The standard of living in Cave Spring ranks as #49 most affordable out of the 188 places we measured in Virginia. By definition, that implies Cave Spring ranks as the #139 most expensive place in the Old Dominion.

For more reading on life in Cave Spring, check out:

Cave Spring Cost Of Living Vs. Virginia

Six factors go into calculating the cost of living index in Cave Spring. Here is how it fares on each of the criteria:

  • The Services index in Cave Spring is 104.

  • The Groceries index in Cave Spring is 103.

  • The Health index in Cave Spring is 117.

  • The Housing index in Cave Spring is 104.

  • The Transportation index in Cave Spring is 103.

  • The Utilities index in Cave Spring is 107.

Living Expense Cave Spring Virginia National Average
Overall 108 112 100
Services 104 103 100
Groceries 103 104 100
Health 117 131 100
Housing 104 105 100
Transportation 103 105 100
Utilities 107 104 100

Cave Spring Cost Of Living Compared To Virginia Averages

Services
Cave Spring 104
Virginia avg 103
Groceries
Cave Spring 103
Virginia avg 104
Health
Cave Spring 117
Virginia avg 131
Housing
Cave Spring 104
Virginia avg 105
Transportation
Cave Spring 103
Virginia avg 105
Utilities
Cave Spring 107
Virginia avg 104

Index where 100 = national average. Source: cost-of-living index 2026.

For more reading on cost of living around Virginia, check out:

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Source: Cost-of-living index 2026, normalized to US average = 100

Cave Spring, VA Housing Cost Breakdown

$350,226Median Home Value
$1,285Median Rent
$87,539Median Income

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 2020-2024. The key points are:

  • The Median Home Value in Cave Spring is $350,226.

  • The Median Rent in Cave Spring is $1,285.

  • The Median Income in Cave Spring is $87,539.

  • The Home Value To Income in Cave Spring is 4.0x.

  • The Rent To Monthly Income in Cave Spring is 0.18x.

Statistic Cave Spring Virginia United States
Median Home Value $350,226 $412,467 $332,700
Median Rent $1,285 $1,579 $1,413
Median Income $87,539 $93,170 $80,734
Home Value To Income 4.0x 4.4x 4.1x
Rent To Monthly Income 0.18x 0.2x 0.21x

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

7.5Overall SnackAbility
Jobs 8.5/10
Housing 8/10
Affordability 8/10
Diversity 8/10
SafetyN/A
Amenities 9/10
Education 9/10
Commute 8/10

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 102, 0.9x Cave Spring.

  • Blacksburg, VA has a cost of living index of 120, 1.1x Cave Spring.

City Population Cost Of Living Vs. Cave Spring
Roanoke, VA 98,355 94 0.9x
Lynchburg, VA 79,497 102 0.9x
Blacksburg, VA 45,446 120 1.1x
Salem, VA 25,618 106 1.0x
Christiansburg, VA 22,720 103 1.0x
Hollins, VA 17,097 103 1.0x
Radford, VA 16,726 100 0.9x
Timberlake, VA 12,725 102 0.9x
Vinton, VA 8,056 96 0.9x
Lexington, VA 7,525 110 1.0x