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
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Virginia, check out:
Protect your home budget Compare home warranties in Cave Spring Get matched →Source: Cost-of-living index 2026, normalized to US average = 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 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
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 |
