Groveton, VA Cost Of Living
Cost Of Living In Groveton, VA Summary
Cost of living in Groveton 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 Groveton 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 Groveton is 145, with 100 being the average.
The cost of living index in Groveton is 1.4x higher than the national average.
Groveton ranks as the #124 cheapest in Virginia out of 190.
Groveton ranks as the #5,566 cheapest out of 6,489 in the US.
The median home value in Groveton is $638,711.
The median income in Groveton is $109,665.
Table Of Contents
Groveton's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Groveton, VA?
According to the most recent data on the cost of living, Groveton has an overall cost of living index of 145, which is 1.4x higher than the national index of 100.
Compared to Virginia, Groveton has a cost of living index that's 1.3x higher than Virginia's index of 110.
The standard of living in Groveton ranks as #124 most affordable out of the 190 places we measured in Virginia. By definition, that implies Groveton ranks as the #66 most expensive place in the Old Dominion.
For more reading on life in Groveton, check out:
In Virginia
In America
Groveton Cost Of Living Vs. Virginia
Six factors go into calculating the cost of living index in Groveton. Here is how it fairs on each of the criteria:
The Services index in Groveton is 110.
The Groceries index in Groveton is 111.
The Health index in Groveton is 108.
The Housing index in Groveton is 221.
The Transportation index in Groveton is 112.
The Utilities index in Groveton is 99.
| Living Expense | Groveton | Virginia | National Average | |
|---|---|---|---|---|
| Overall | 145 | 110 | 100 | |
| Services | 110 | 101 | 100 | |
| Groceries | 111 | 99 | 100 | |
| Health | 108 | 98 | 100 | |
| Housing | 221 | 130 | 100 | |
| Transportation | 112 | 94 | 100 | |
| Utilities | 99 | 104 | 100 | |
Groveton, 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 2019-2023. The key points are:
The Median Home Value in Groveton is $638,711.
The Median Rent in Groveton is $1,829.
The Median Income in Groveton is $109,665.
The Home Value To Income in Groveton is 5.8x.
The Rent To Monthly Income in Groveton is 0.2x.
Median Home Value
Median Rent
Median Income
Groveton, VA Costs By Category
Detailed Groveton Services Costs Vs. Virginia
Detailed Groveton Groceries Costs Vs. Virginia
Detailed Groveton Health Costs Vs. Virginia
Detailed Groveton Transportation Costs Vs. Virginia
Detailed Groveton Utilities Costs Vs. Virginia
Groveton SnackAbility
/10
Cost Of Living In Cities Around Groveton
The cost of living varies in the cities and towns around Groveton. Here's a quick look at the cost of living in the most populous nearby places:
Bethesda, MD has a cost of living index of 202, 1.4x Groveton.
North Bethesda, MD has a cost of living index of 158, 1.1x Groveton.
Potomac, MD has a cost of living index of 199, 1.4x Groveton.
| City | Population | Cost Of Living | Vs. Groveton |
|---|---|---|---|
| Bethesda, MD | 67,403 | 202 | 1.4x |
| North Bethesda, MD | 49,498 | 158 | 1.1x |
| Potomac, MD | 46,230 | 199 | 1.4x |
| Franklin Farm, VA | 18,509 | 171 | 1.2x |
| Franconia, VA | 18,141 | 143 | 1.0x |
| Hybla Valley, VA | 17,877 | 131 | 0.9x |
| Kingstowne, VA | 17,436 | 151 | 1.0x |
| Fort Hunt, VA | 16,519 | 188 | 1.3x |
| Huntington, VA | 13,250 | 143 | 1.0x |
| Mount Vernon, VA | 13,120 | 164 | 1.1x |
