Groveton, VA Cost Of Living

Demographics | Cost Of Living
Updated: 2023-11-15

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 138, with 100 being the average.

  • The cost of living index in Groveton is 1.4x higher than the national average.

  • Groveton ranks as the #118 cheapest in Virginia out of 186.

  • Groveton ranks as the #5,521 cheapest out of 6,412 in the US.

  • The median home value in Groveton is $474,000.

  • The median income in Groveton is $98,455.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
138
Groveton's Overall Cost Of Living
1.4x
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 138, which is 1.4x higher than the national index of 100.

Compared to Virginia, Groveton has a cost of living index that's 1.4x higher than Virginia's index of 102.

The standard of living in Groveton ranks as #118 most affordable out of the 186 places we measured in Virginia. By definition, that implies Groveton ranks as the #68 most expensive place in the Old Dominion.

For more reading on life in Groveton, check out:

118 out of 186
In Virginia
5,521 out of 6,412
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 107.

  • The Groceries index in Groveton is 120.

  • The Health index in Groveton is 102.

  • The Housing index in Groveton is 204.

  • The Transportation index in Groveton is 100.

  • The Utilities index in Groveton is 98.

Living Expense Groveton Virginia National Average
Overall 138 102 100
Services 107 102 100
Groceries 120 98 100
Health 102 102 100
Housing 204 107 100
Transportation 100 95 100
Utilities 98 102 100
For more reading on cost of living around Virginia, check out:
Groveton Cost of Living Vs. VA

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 2017-2021. The key points are:

  • The Median Home Value in Groveton is $474,000.

  • The Median Rent in Groveton is $1,759.

  • The Median Income in Groveton is $98,455.

  • The Home Value To Income in Groveton is 4.8x.

  • The Rent To Monthly Income in Groveton is 0.21x.

Statistic Groveton Virginia United States
Median Home Value $474,000 $295,500 $244,900
Median Rent $1,759 $1,326 $1,163
Median Income $98,455 $80,615 $69,021
Home Value To Income 4.8x 3.7x 3.5x
Rent To Monthly Income 0.21x 0.2x 0.2x
Search Homes For Sale In Groveton, VA
$474,000
Median Home Value
$1,759
Median Rent
$98,455
Median Income

Groveton, VA Costs By Category

Detailed Groveton Services Costs Vs. Virginia

Item Groveton Virginia
Shampoo $1.04 $1.06
Movie $12.45 $10.68
Bowling $19.83 $14.67
Haircut $25.56 $18.62
Beauty Salon $56.94 $39.05

Detailed Groveton Groceries Costs Vs. Virginia

Item Groveton Virginia
Ground Beef $4.79 $4.22
Fried Chicken $1.62 $1.39
Milk $2.58 $2.05
Potatoes $4.21 $3.29
Pizza $11.66 $10.62
Beer $10.66 $9.38
Toothpaste $3.52 $2.34

Detailed Groveton Health Costs Vs. Virginia

Item Groveton Virginia
Optometrist $104.67 $108.57
Doctor $128.0 $116.17
Dentist $103.17 $99.13

Detailed Groveton Transportation Costs Vs. Virginia

Item Groveton Virginia
Gasoline $2.24 $2.22
Tire Balancing $51.0 $50.07

Detailed Groveton Utilities Costs Vs. Virginia

Item Groveton Virginia
All Electricity $160.85 $167.67
Phone $177.97 $175.64

Groveton SnackAbility

7
/10
Overall SnackAbility
Jobs
8.5/10
Housing
9
Affordability
5
Diversity
10
Safety
N/A
Amenities
9
Education
8
Commute
4

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 192, 1.4x Groveton.

  • North Bethesda, MD has a cost of living index of 159, 1.2x Groveton.

  • Potomac, MD has a cost of living index of 198, 1.4x Groveton.

City Population Cost Of Living Vs. Groveton
Bethesda, MD 66,294 192 1.4x
North Bethesda, MD 50,695 159 1.2x
Potomac, MD 46,891 198 1.4x
Franklin Farm, VA 18,906 167 1.2x
Hybla Valley, VA 18,410 124 0.9x
Kingstowne, VA 18,369 143 1.0x
Franconia, VA 18,310 142 1.0x
Fort Hunt, VA 16,322 180 1.3x
Huntington, VA 13,979 132 1.0x
Mount Vernon, VA 13,707 153 1.1x

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