What is the cost of living in Martinsville, VA?
According to the most recent data on the cost of living, Martinsville has an overall cost of living index of 89, which is 0.9x lower than the national index of 100.
Compared to Virginia, Martinsville has a cost of living index that's 0.8x lower than Virginia's index of 112.
The standard of living in Martinsville ranks as #7 most affordable out of the 188 places we measured in Virginia. By definition, that implies Martinsville ranks as the #181 most expensive place in the Old Dominion.
For more reading on life in Martinsville, check out:
Martinsville Cost Of Living Vs. Virginia
Six factors go into calculating the cost of living index in Martinsville. Here is how it fares on each of the criteria:
The Services index in Martinsville is 101.
The Groceries index in Martinsville is 105.
The Health index in Martinsville is 51.
The Housing index in Martinsville is 102.
The Transportation index in Martinsville is 100.
The Utilities index in Martinsville is 103.
| Living Expense | Martinsville | Virginia | National Average |
|---|---|---|---|
| Overall | 89 | 112 | 100 |
| Services | 101 | 103 | 100 |
| Groceries | 105 | 104 | 100 |
| Health | 51 | 131 | 100 |
| Housing | 102 | 105 | 100 |
| Transportation | 100 | 105 | 100 |
| Utilities | 103 | 104 | 100 |
Martinsville Cost Of Living Compared To Virginia Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Virginia, check out:
Protect your home budget Compare home warranties in Martinsville Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Martinsville, 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 2020-2024. The key points are:
The Median Home Value in Martinsville is $133,032.
The Median Rent in Martinsville is $808.
The Median Income in Martinsville is $46,727.
The Home Value To Income in Martinsville is 2.8x.
The Rent To Monthly Income in Martinsville is 0.21x.
| Statistic | Martinsville | Virginia | United States |
|---|---|---|---|
| Median Home Value | $133,032 | $412,467 | $332,700 |
| Median Rent | $808 | $1,579 | $1,413 |
| Median Income | $46,727 | $93,170 | $80,734 |
| Home Value To Income | 2.8x | 4.4x | 4.1x |
| Rent To Monthly Income | 0.21x | 0.2x | 0.21x |
Martinsville, VA Costs By Category
Detailed Martinsville Services costs vs. Virginia
| Item | Martinsville | Virginia |
|---|---|---|
| Shampoo | $1.3 | $1.28 |
| Movie | $11.0 | $12.13 |
| Bowling | $11.83 | $18 |
| Haircut | $14.0 | $24.26 |
| Beauty Salon | $34.81 | $45.56 |
Detailed Martinsville Groceries costs vs. Virginia
| Item | Martinsville | Virginia |
|---|---|---|
| Ground Beef | $6.12 | $5.84 |
| Fried Chicken | $1.37 | $1.57 |
| Milk | $4.64 | $4.67 |
| Potatoes | $4.99 | $4.93 |
| Pizza | $13.42 | $12.09 |
| Beer | $10.22 | $10.41 |
| Toothpaste | $3.68 | $3.7 |
Detailed Martinsville Health costs vs. Virginia
| Item | Martinsville | Virginia |
|---|---|---|
| Optometrist | $124.44 | $125.68 |
| Doctor | $115.83 | $135.78 |
| Dentist | $127.61 | $113.29 |
Detailed Martinsville Transportation costs vs. Virginia
| Item | Martinsville | Virginia |
|---|---|---|
| Gasoline | $3.25 | $3.46 |
| Tire Balancing | $48.39 | $59.92 |
Detailed Martinsville Utilities costs vs. Virginia
| Item | Martinsville | Virginia |
|---|---|---|
| All Electricity | $189.18 | $193.99 |
| Phone | $184.83 | $192.25 |
Martinsville SnackAbility
Cost Of Living In Cities Around Martinsville
The cost of living varies in the cities and towns around Martinsville. Here's a quick look at the cost of living in the most populous nearby places:
Greensboro, NC has a cost of living index of 99, 1.1x Martinsville.
Winston-Salem, NC has a cost of living index of 93, 1.0x Martinsville.
Kernersville, NC has a cost of living index of 102, 1.1x Martinsville.
| City | Population | Cost Of Living | Vs. Martinsville |
|---|---|---|---|
| Greensboro, NC | 301,198 | 99 | 1.1x |
| Winston-Salem, NC | 252,037 | 93 | 1.0x |
| Kernersville, NC | 27,830 | 102 | 1.1x |
| Cave Spring, VA | 25,742 | 108 | 1.2x |
| Summerfield, NC | 11,116 | 121 | 1.4x |
| Elon, NC | 11,032 | 114 | 1.3x |
| Gibsonville, NC | 9,467 | 98 | 1.1x |
| Oak Ridge, NC | 7,744 | 136 | 1.5x |
| King, NC | 7,408 | 98 | 1.1x |
| Collinsville, VA | 7,139 | 90 | 1.0x |
