According to the most recent data on the cost of living, Cave Spring has an overall cost of living index of 98 which is 1.0x lower than the national index of 100.
Compared to only Virginia, Cave Spring has a cost of living index that's 0.9x lower than Virginia's index of 106.
The standard of living in Cave Spring ranks as #2,890 most affordable out of the 6,418 places we measured in Virginia. By definition, that implies Cave Spring ranks as the #3,528 most expensive place in the Old Dominion.
Living Expense | Cave Spring | Virginia | National Average | |
---|---|---|---|---|
Overall | 98 | 106 | 100 | |
Services | 91 | 99 | 100 | |
Groceries | 87 | 98 | 100 | |
Health | 99 | 98 | 100 | |
Housing | 106 | 131 | 100 | |
Transportation | 93 | 93 | 100 | |
Utilities | 97 | 96 | 100 |
Housing swings affordability the most between places in Virginia, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.
Home and income come data comes from the most recent US Census ACS 2014-2018.
Statistic | Cave Spring | Virginia | United States |
---|---|---|---|
Median Home Value | $224,700 | $282,800 | $229,800 |
Median Rent | $977 | $1,257 | $1,096 |
Median Income | $68,225 | $76,398 | $64,994 |
Home Value To Income | 3.3x | 3.7x | 3.5x |
Rent To Monthly Income | 0.17x | 0.2x | 0.2x |
Item | Cave Spring | Virginia |
---|---|---|
Shampoo | $0.89 | $1.06 |
Movie | $10.33 | $10.68 |
Bowling | $15.42 | $14.67 |
Item | Cave Spring | Virginia |
---|---|---|
Ground Beef | $3.44 | $4.22 |
Fried Chicken | $1.0 | $1.39 |
Milk | $1.78 | $2.05 |
Item | Cave Spring | Virginia |
---|---|---|
Haircut | $13.78 | $18.62 |
Beauty Salon | $32.1 | $39.05 |
Toothpaste | $1.74 | $2.34 |
Item | Cave Spring | Virginia |
---|---|---|
Potatoes | $2.84 | $3.29 |
Pizza | $9.76 | $10.62 |
Beer | $9.86 | $9.38 |
Optometrist | $92.0 | $108.57 |
Doctor | $102.48 | $116.17 |
Dentist | $116.0 | $99.13 |
Item | Cave Spring | Virginia |
---|---|---|
Gasoline | $2.08 | $2.22 |
Tire Balancing | $44.96 | $50.07 |
All Electricity | $168.56 | $167.67 |
Phone | $177.97 | $175.64 |
City | Population | Cost Of Living | Vs. Cave Spring |
---|---|---|---|
Roanoke, VA | 99,122 | 87 | 0.9x |
Lynchburg, VA | 80,970 | 88 | 0.9x |
Blacksburg, VA | 44,395 | 107 | 1.1x |
Salem, VA | 25,290 | 93 | 0.9x |
Christiansburg, VA | 22,482 | 94 | 1.0x |
Radford, VA | 17,833 | 91 | 0.9x |
Hollins, VA | 15,113 | 92 | 0.9x |
Timberlake, VA | 13,130 | 93 | 0.9x |
Vinton, VA | 8,102 | 85 | 0.9x |
Lexington, VA | 7,205 | 102 | 1.0x |