Hollins, VA Cost Of Living
Cost Of Living In Hollins, VA Summary
Cost of living in Hollins 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 Hollins 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 Hollins is 100, with 100 being the average.
The cost of living index in Hollins is 1.0x lower than the national average.
Hollins ranks as the #36 cheapest in Virginia out of 190.
Hollins ranks as the #2,621 cheapest out of 6,489 in the US.
The median home value in Hollins is $255,866.
The median income in Hollins is $73,588.
Table Of Contents
Hollins's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Hollins, VA?
According to the most recent data on the cost of living, Hollins has an overall cost of living index of 100, which is 1.0x lower than the national index of 100.
Compared to Virginia, Hollins has a cost of living index that's 0.9x lower than Virginia's index of 110.
The standard of living in Hollins ranks as #36 most affordable out of the 190 places we measured in Virginia. By definition, that implies Hollins ranks as the #154 most expensive place in the Old Dominion.
For more reading on life in Hollins, check out:
In Virginia
In America
Hollins Cost Of Living Vs. Virginia
Six factors go into calculating the cost of living index in Hollins. Here is how it fairs on each of the criteria:
The Services index in Hollins is 98.
The Groceries index in Hollins is 98.
The Health index in Hollins is 91.
The Housing index in Hollins is 95.
The Transportation index in Hollins is 99.
The Utilities index in Hollins is 115.
| Living Expense | Hollins | Virginia | National Average | |
|---|---|---|---|---|
| Overall | 100 | 110 | 100 | |
| Services | 98 | 101 | 100 | |
| Groceries | 98 | 99 | 100 | |
| Health | 91 | 98 | 100 | |
| Housing | 95 | 130 | 100 | |
| Transportation | 99 | 94 | 100 | |
| Utilities | 115 | 104 | 100 | |
Hollins, 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 Hollins is $255,866.
The Median Rent in Hollins is $1,113.
The Median Income in Hollins is $73,588.
The Home Value To Income in Hollins is 3.5x.
The Rent To Monthly Income in Hollins is 0.18x.
Median Home Value
Median Rent
Median Income
Hollins, VA Costs By Category
Detailed Hollins Services Costs Vs. Virginia
Detailed Hollins Groceries Costs Vs. Virginia
Detailed Hollins Health Costs Vs. Virginia
Detailed Hollins Transportation Costs Vs. Virginia
Detailed Hollins Utilities Costs Vs. Virginia
Hollins SnackAbility
/10
Cost Of Living In Cities Around Hollins
The cost of living varies in the cities and towns around Hollins. Here's a quick look at the cost of living in the most populous nearby places:
Roanoke, VA has a cost of living index of 94, 0.9x Hollins.
Lynchburg, VA has a cost of living index of 93, 0.9x Hollins.
Blacksburg, VA has a cost of living index of 114, 1.1x Hollins.
| City | Population | Cost Of Living | Vs. Hollins |
|---|---|---|---|
| Roanoke, VA | 98,677 | 94 | 0.9x |
| Lynchburg, VA | 79,255 | 93 | 0.9x |
| Blacksburg, VA | 45,288 | 114 | 1.1x |
| Cave Spring, VA | 26,014 | 106 | 1.1x |
| Salem, VA | 25,477 | 100 | 1.0x |
| Christiansburg, VA | 22,820 | 100 | 1.0x |
| Timberlake, VA | 12,833 | 99 | 1.0x |
| Madison Heights, VA | 10,398 | 92 | 0.9x |
| Vinton, VA | 8,038 | 95 | 0.9x |
| Lexington, VA | 7,420 | 104 | 1.0x |
