Roanoke, VA Cost Of Living

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Updated: 2020-03-08
Roanoke'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 Roanoke is expensive, while a number below 100 means it's a relatively cheap place to live.

What is the cost of living in Roanoke, VA?

According to the most recent data on the cost of living, Roanoke has an overall cost of living index of 88 which is 0.9x lower than the national index of 100.

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

The standard of living in Roanoke ranks as #1324 most affordable out of the 6522 places we measured in Virginia. By definition, that implies Roanoke ranks as the #5083 most expensive place in the Old Dominion.

For more reading on life in Roanoke, check out:

Roanoke Cost Of Living Vs. Virginia

Living Expense Roanoke Virginia National Average
Overall 88 107 100
Services 93 99 100
Groceries 87 96 100
Health 100 97 100
Housing 74 130 100
Transportation 91 90 100
Utilities 102 100 100
For more reading on cost of living around Virginia, check out:
Roanoke Cost of Living Vs. VA

Roanoke, 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 Roanoke Virginia United States
Median Home Value $133,200 $264,900 $204,900
Median Rent $799 $1,202 $1,023
Median Income $43,028 $71,564 $60,293
Home Value To Income 3.1x 3.7x 3.4x
Rent To Monthly Income 0.22x 0.2x 0.2x

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Cost Of Living In Cities Around Roanoke

City Population Cost Of Living Vs. Roanoke
Lynchburg, VA 80,131 89 1.0x
Blacksburg, VA 44,245 105 1.2x
Cave Spring, VA 25,793 97 1.1x
Salem, VA 25,519 93 1.1x
Christiansburg, VA 22,049 92 1.0x
Hollins, VA 14,257 93 1.1x
Madison Heights, VA 11,483 86 1.0x
Vinton, VA 8,074 88 1.0x
Lexington, VA 7,110 101 1.1x
Buena Vista, VA 6,399 87 1.0x

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