Radford, VA Cost Of Living

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Updated: 2020-03-08
Radford's Overall Cost Of Living
Lower Than The National Average
The cost of living index is set to 100 for the average place in America. An index above 100 means Radford is expensive, while a number below 100 means it's a relatively cheap place to live.

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 89 which is 0.9x lower than the national index of 100.

Compared to only Virginia, Radford has a cost of living index that's 0.8x lower than Virginia's index of 107.

The standard of living in Radford ranks as #1524 most affordable out of the 6522 places we measured in Virginia. By definition, that implies Radford ranks as the #4883 most expensive place in the Old Dominion.

For more reading on life in Radford, check out:

Radford Cost Of Living Vs. Virginia

Living Expense Radford Virginia National Average
Overall 89 107 100
Services 94 99 100
Groceries 94 96 100
Health 99 97 100
Housing 82 130 100
Transportation 85 90 100
Utilities 86 100 100
For more reading on cost of living around Virginia, check out:
Radford Cost of Living Vs. VA

Radford, VA Housing Cost Breakdown

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.

Median Home Value
Median Rent
Median Income
Statistic Radford Virginia United States
Median Home Value $164,600 $264,900 $204,900
Median Rent $777 $1,202 $1,023
Median Income $36,743 $71,564 $60,293
Home Value To Income 4.5x 3.7x 3.4x
Rent To Monthly Income 0.25x 0.2x 0.2x

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Cost Of Living In Cities Around Radford

City Population Cost Of Living Vs. Radford
Roanoke, VA 99,621 88 1.0x
Blacksburg, VA 44,245 105 1.2x
Cave Spring, VA 25,793 97 1.1x
Salem, VA 25,519 93 1.0x
Christiansburg, VA 22,049 92 1.0x
Hollins, VA 14,257 93 1.0x
Martinsville, VA 13,101 80 0.9x
Mount Airy, NC 10,227 90 1.0x
Pulaski, VA 8,794 81 0.9x
Vinton, VA 8,074 88 1.0x

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