What is the cost of living in Radford, VA?
According to the most recent data on the cost of living, Radford has an overall cost of living index of 100, which is 1.0x lower than the national index of 100.
Compared to Virginia, Radford has a cost of living index that's 0.9x lower than Virginia's index of 112.
The standard of living in Radford ranks as #27 most affordable out of the 188 places we measured in Virginia. By definition, that implies Radford ranks as the #161 most expensive place in the Old Dominion.
For more reading on life in Radford, check out:
Radford Cost Of Living Vs. Virginia
Six factors go into calculating the cost of living index in Radford. Here is how it fares on each of the criteria:
The Services index in Radford is 101.
The Groceries index in Radford is 104.
The Health index in Radford is 93.
The Housing index in Radford is 103.
The Transportation index in Radford is 103.
The Utilities index in Radford is 101.
| Living Expense | Radford | Virginia | National Average |
|---|---|---|---|
| Overall | 100 | 112 | 100 |
| Services | 101 | 103 | 100 |
| Groceries | 104 | 104 | 100 |
| Health | 93 | 131 | 100 |
| Housing | 103 | 105 | 100 |
| Transportation | 103 | 105 | 100 |
| Utilities | 101 | 104 | 100 |
Radford 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 Radford Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Radford, 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 Radford is $261,601.
The Median Rent in Radford is $1,033.
The Median Income in Radford is $57,348.
The Home Value To Income in Radford is 4.6x.
The Rent To Monthly Income in Radford is 0.22x.
Radford, VA Costs By Category
Detailed Radford Services costs vs. Virginia
Detailed Radford Groceries costs vs. Virginia
Detailed Radford Health costs vs. Virginia
Detailed Radford Transportation costs vs. Virginia
Radford SnackAbility
Cost Of Living In Cities Around Radford
The cost of living varies in the cities and towns around Radford. 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 Radford.
Blacksburg, VA has a cost of living index of 120, 1.2x Radford.
Cave Spring, VA has a cost of living index of 108, 1.1x Radford.
| City | Population | Cost Of Living | Vs. Radford |
|---|---|---|---|
| Roanoke, VA | 98,355 | 94 | 0.9x |
| Blacksburg, VA | 45,446 | 120 | 1.2x |
| Cave Spring, VA | 25,742 | 108 | 1.1x |
| Salem, VA | 25,618 | 106 | 1.1x |
| Christiansburg, VA | 22,720 | 103 | 1.0x |
| Hollins, VA | 17,097 | 103 | 1.0x |
| Martinsville, VA | 13,658 | 89 | 0.9x |
| Mount Airy, NC | 10,633 | 90 | 0.9x |
| Pulaski, VA | 8,893 | 90 | 0.9x |
| Vinton, VA | 8,056 | 96 | 1.0x |
