According to the most recent data on the cost of living, Madison Heights has an overall cost of living index of 86 which is 0.9x lower than the national index of 100.
Compared to only Virginia, Madison Heights has a cost of living index that's 0.8x lower than Virginia's index of 106.
The standard of living in Madison Heights ranks as #938 most affordable out of the 6,418 places we measured in Virginia. By definition, that implies Madison Heights ranks as the #5,481 most expensive place in the Old Dominion.
Living Expense | Madison Heights | Virginia | National Average | |
---|---|---|---|---|
Overall | 86 | 106 | 100 | |
Services | 96 | 99 | 100 | |
Groceries | 81 | 98 | 100 | |
Health | 95 | 98 | 100 | |
Housing | 73 | 131 | 100 | |
Transportation | 86 | 93 | 100 | |
Utilities | 103 | 96 | 100 |
Housing swings affordability the most between places in Virginia, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.
Home and income come data comes from the most recent US Census ACS 2014-2018.
Statistic | Madison Heights | Virginia | United States |
---|---|---|---|
Median Home Value | $142,300 | $282,800 | $229,800 |
Median Rent | $669 | $1,257 | $1,096 |
Median Income | $50,137 | $76,398 | $64,994 |
Home Value To Income | 2.8x | 3.7x | 3.5x |
Rent To Monthly Income | 0.16x | 0.2x | 0.2x |
Item | Madison Heights | Virginia |
---|---|---|
Shampoo | $0.88 | $1.06 |
Movie | $13.26 | $10.68 |
Bowling | $10.5 | $14.67 |
Item | Madison Heights | Virginia |
---|---|---|
Ground Beef | $4.07 | $4.22 |
Fried Chicken | $0.99 | $1.39 |
Milk | $1.81 | $2.05 |
Item | Madison Heights | Virginia |
---|---|---|
Haircut | $11.6 | $18.62 |
Beauty Salon | $31.87 | $39.05 |
Toothpaste | $1.81 | $2.34 |
Item | Madison Heights | Virginia |
---|---|---|
Potatoes | $2.88 | $3.29 |
Pizza | $9.9 | $10.62 |
Beer | $10.18 | $9.38 |
Optometrist | $115.88 | $108.57 |
Doctor | $117.46 | $116.17 |
Dentist | $90.17 | $99.13 |
Item | Madison Heights | Virginia |
---|---|---|
Gasoline | $2.07 | $2.22 |
Tire Balancing | $36.0 | $50.07 |
All Electricity | $177.73 | $167.67 |
Phone | $177.97 | $175.64 |
City | Population | Cost Of Living | Vs. Madison Heights |
---|---|---|---|
Roanoke, VA | 99,122 | 87 | 1.0x |
Lynchburg, VA | 80,970 | 88 | 1.0x |
Staunton, VA | 24,660 | 99 | 1.2x |
Waynesboro, VA | 22,300 | 96 | 1.1x |
Hollins, VA | 15,113 | 92 | 1.1x |
Timberlake, VA | 13,130 | 93 | 1.1x |
Stuarts Draft, VA | 11,380 | 95 | 1.1x |
Forest, VA | 11,075 | 98 | 1.1x |
Vinton, VA | 8,102 | 85 | 1.0x |
Lexington, VA | 7,205 | 102 | 1.2x |