Farmville, VA Cost Of Living
Cost Of Living In Farmville, VA Summary
Cost of living in Farmville 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 Farmville 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 Farmville is 92, with 100 being the average.
The cost of living index in Farmville is 0.9x lower than the national average.
Farmville ranks as the #23 cheapest in Virginia out of 186.
Farmville ranks as the #1,974 cheapest out of 6,412 in the US.
The median home value in Farmville is $204,900.
The median income in Farmville is $35,690.
Table Of Contents
Farmville's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Farmville, VA?
According to the most recent data on the cost of living, Farmville has an overall cost of living index of 92, which is 0.9x lower than the national index of 100.
Compared to Virginia, Farmville has a cost of living index that's 0.9x lower than Virginia's index of 102.
The standard of living in Farmville ranks as #23 most affordable out of the 186 places we measured in Virginia. By definition, that implies Farmville ranks as the #163 most expensive place in the Old Dominion.
For more reading on life in Farmville, check out:
- Living In Farmville
- Farmville Crime Report
- Search Homes For Sale In Farmville, VA
In Virginia
In America
Farmville Cost Of Living Vs. Virginia
Six factors go into calculating the cost of living index in Farmville. Here is how it fairs on each of the criteria:
The Services index in Farmville is 95.
The Groceries index in Farmville is 83.
The Health index in Farmville is 98.
The Housing index in Farmville is 83.
The Transportation index in Farmville is 85.
The Utilities index in Farmville is 103.
| Living Expense | Farmville | Virginia | National Average | |
|---|---|---|---|---|
| Overall | 92 | 102 | 100 | |
| Services | 95 | 102 | 100 | |
| Groceries | 83 | 98 | 100 | |
| Health | 98 | 102 | 100 | |
| Housing | 83 | 107 | 100 | |
| Transportation | 85 | 95 | 100 | |
| Utilities | 103 | 102 | 100 | |
Farmville, 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 2017-2021. The key points are:
The Median Home Value in Farmville is $204,900.
The Median Rent in Farmville is $702.
The Median Income in Farmville is $35,690.
The Home Value To Income in Farmville is 5.7x.
The Rent To Monthly Income in Farmville is 0.24x.
| Statistic | Farmville | Virginia | United States |
|---|---|---|---|
| Median Home Value | $204,900 | $295,500 | $244,900 |
| Median Rent | $702 | $1,326 | $1,163 |
| Median Income | $35,690 | $80,615 | $69,021 |
| Home Value To Income | 5.7x | 3.7x | 3.5x |
| Rent To Monthly Income | 0.24x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Farmville, VA Costs By Category
Detailed Farmville Services Costs Vs. Virginia
Detailed Farmville Groceries Costs Vs. Virginia
Detailed Farmville Health Costs Vs. Virginia
Detailed Farmville Transportation Costs Vs. Virginia
Detailed Farmville Utilities Costs Vs. Virginia
Farmville SnackAbility
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Cost Of Living In Cities Around Farmville
The cost of living varies in the cities and towns around Farmville. Here's a quick look at the cost of living in the most populous nearby places:
Lynchburg, VA has a cost of living index of 88, 1.0x Farmville.
Tuckahoe, VA has a cost of living index of 111, 1.2x Farmville.
Short Pump, VA has a cost of living index of 125, 1.4x Farmville.
| City | Population | Cost Of Living | Vs. Farmville |
|---|---|---|---|
| Lynchburg, VA | 78,973 | 88 | 1.0x |
| Tuckahoe, VA | 48,187 | 111 | 1.2x |
| Short Pump, VA | 27,332 | 125 | 1.4x |
| Bon Air, VA | 17,846 | 106 | 1.2x |
| Brandermill, VA | 13,745 | 108 | 1.2x |
| Manchester, VA | 12,192 | 100 | 1.1x |
| Madison Heights, VA | 10,790 | 86 | 0.9x |
| Lake Monticello, VA | 10,438 | 110 | 1.2x |
| Rockwood, VA | 7,880 | 101 | 1.1x |
| Woodlake, VA | 7,398 | 112 | 1.2x |
