Cost of living in Collinsville 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 Collinsville 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 Collinsville is 84, with 100 being the average.
The cost of living index in Collinsville is 0.8x lower than the national average.
Collinsville ranks as the #9 cheapest in Virginia out of 186.
Collinsville ranks as the #629 cheapest out of 6,412 in the US.
The median home value in Collinsville is $109,800.
The median income in Collinsville is $42,696.
According to the most recent data on the cost of living, Collinsville has an overall cost of living index of 84, which is 0.8x lower than the national index of 100.
Compared to Virginia, Collinsville has a cost of living index that's 0.8x lower than Virginia's index of 102.
The standard of living in Collinsville ranks as #9 most affordable out of the 186 places we measured in Virginia. By definition, that implies Collinsville ranks as the #177 most expensive place in the Old Dominion.
For more reading on life in Collinsville, check out:
Six factors go into calculating the cost of living index in Collinsville. Here is how it fairs on each of the criteria:
The Services index in Collinsville is 90.
The Groceries index in Collinsville is 94.
The Health index in Collinsville is 94.
The Housing index in Collinsville is 61.
The Transportation index in Collinsville is 88.
The Utilities index in Collinsville is 91.
|Living Expense||Collinsville||Virginia||National Average|
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 2017-2021. The key points are:
The Median Home Value in Collinsville is $109,800.
The Median Rent in Collinsville is $641.
The Median Income in Collinsville is $42,696.
The Home Value To Income in Collinsville is 2.6x.
The Rent To Monthly Income in Collinsville is 0.18x.
|Median Home Value||$109,800||$295,500||$244,900|
|Home Value To Income||2.6x||3.7x||3.5x|
|Rent To Monthly Income||0.18x||0.2x||0.2x|
The cost of living varies in the cities and towns around Collinsville. Here's a quick look at the cost of living in the most populous nearby places:
Greensboro, NC has a cost of living index of 92, 1.1x Collinsville.
Winston-Salem, NC has a cost of living index of 94, 1.1x Collinsville.
Kernersville, NC has a cost of living index of 97, 1.2x Collinsville.
|City||Population||Cost Of Living||Vs. Collinsville|
|Cave Spring, VA||25,248||98||1.2x|
|Oak Ridge, NC||7,461||117||1.4x|