Hollymead, VA Cost Of Living
Cost Of Living In Hollymead, VA Summary
Cost of living in Hollymead 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 Hollymead 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 Hollymead is 115, with 100 being the average.
The cost of living index in Hollymead is 1.1x higher than the national average.
Hollymead ranks as the #86 cheapest in Virginia out of 186.
Hollymead ranks as the #4,492 cheapest out of 6,412 in the US.
The median home value in Hollymead is $339,200.
The median income in Hollymead is $103,802.
Table Of Contents
Hollymead's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Hollymead, VA?
According to the most recent data on the cost of living, Hollymead has an overall cost of living index of 115, which is 1.1x higher than the national index of 100.
Compared to Virginia, Hollymead has a cost of living index that's 1.1x higher than Virginia's index of 102.
The standard of living in Hollymead ranks as #86 most affordable out of the 186 places we measured in Virginia. By definition, that implies Hollymead ranks as the #100 most expensive place in the Old Dominion.
For more reading on life in Hollymead, check out:
- Living In Hollymead
- Search Homes For Sale In Hollymead, VA
In Virginia
In America
Hollymead Cost Of Living Vs. Virginia
Six factors go into calculating the cost of living index in Hollymead. Here is how it fairs on each of the criteria:
The Services index in Hollymead is 106.
The Groceries index in Hollymead is 101.
The Health index in Hollymead is 104.
The Housing index in Hollymead is 148.
The Transportation index in Hollymead is 89.
The Utilities index in Hollymead is 103.
| Living Expense | Hollymead | Virginia | National Average | |
|---|---|---|---|---|
| Overall | 115 | 102 | 100 | |
| Services | 106 | 102 | 100 | |
| Groceries | 101 | 98 | 100 | |
| Health | 104 | 102 | 100 | |
| Housing | 148 | 107 | 100 | |
| Transportation | 89 | 95 | 100 | |
| Utilities | 103 | 102 | 100 | |
Hollymead, 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 Hollymead is $339,200.
The Median Rent in Hollymead is $1,616.
The Median Income in Hollymead is $103,802.
The Home Value To Income in Hollymead is 3.3x.
The Rent To Monthly Income in Hollymead is 0.19x.
| Statistic | Hollymead | Virginia | United States |
|---|---|---|---|
| Median Home Value | $339,200 | $295,500 | $244,900 |
| Median Rent | $1,616 | $1,326 | $1,163 |
| Median Income | $103,802 | $80,615 | $69,021 |
| Home Value To Income | 3.3x | 3.7x | 3.5x |
| Rent To Monthly Income | 0.19x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Hollymead, VA Costs By Category
Detailed Hollymead Services Costs Vs. Virginia
Detailed Hollymead Groceries Costs Vs. Virginia
Detailed Hollymead Health Costs Vs. Virginia
Detailed Hollymead Transportation Costs Vs. Virginia
Detailed Hollymead Utilities Costs Vs. Virginia
Hollymead SnackAbility
/10
Cost Of Living In Cities Around Hollymead
The cost of living varies in the cities and towns around Hollymead. Here's a quick look at the cost of living in the most populous nearby places:
Harrisonburg, VA has a cost of living index of 100, 0.9x Hollymead.
Charlottesville, VA has a cost of living index of 111, 1.0x Hollymead.
Staunton, VA has a cost of living index of 99, 0.9x Hollymead.
| City | Population | Cost Of Living | Vs. Hollymead |
|---|---|---|---|
| Harrisonburg, VA | 52,062 | 100 | 0.9x |
| Charlottesville, VA | 46,597 | 111 | 1.0x |
| Staunton, VA | 25,358 | 99 | 0.9x |
| Waynesboro, VA | 22,149 | 96 | 0.8x |
| Stuarts Draft, VA | 11,954 | 95 | 0.8x |
| Lake Monticello, VA | 10,438 | 110 | 1.0x |
| University of Virginia, VA | 9,384 | 113 | 1.0x |
| Lake of the Woods, VA | 8,557 | 114 | 1.0x |
