Rockwood, VA Cost Of Living
Cost Of Living In Rockwood, VA Summary
Cost of living in Rockwood research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Rockwood is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Virginia, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Rockwood is 101, with 100 being the average.
The cost of living index in Rockwood is 1.0x higher than the national average.
Rockwood ranks as the #55 cheapest in Virginia out of 186.
Rockwood ranks as the #3,263 cheapest out of 6,412 in the US.
The median home value in Rockwood is $239,000.
The median income in Rockwood is $81,528.
Table Of Contents
Rockwood's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Rockwood, VA?
According to the most recent data on the cost of living, Rockwood has an overall cost of living index of 101, which is 1.0x higher than the national index of 100.
Compared to Virginia, Rockwood has a cost of living index that's 1.0x lower than Virginia's index of 102.
The standard of living in Rockwood ranks as #55 most affordable out of the 186 places we measured in Virginia. By definition, that implies Rockwood ranks as the #131 most expensive place in the Old Dominion.
For more reading on life in Rockwood, check out:
- Living In Rockwood
- Search Homes For Sale In Rockwood, VA
In Virginia
In America
Rockwood Cost Of Living Vs. Virginia
Six factors go into calculating the cost of living index in Rockwood. Here is how it fairs on each of the criteria:
The Services index in Rockwood is 101.
The Groceries index in Rockwood is 94.
The Health index in Rockwood is 103.
The Housing index in Rockwood is 111.
The Transportation index in Rockwood is 92.
The Utilities index in Rockwood is 104.
| Living Expense | Rockwood | Virginia | National Average | |
|---|---|---|---|---|
| Overall | 101 | 102 | 100 | |
| Services | 101 | 102 | 100 | |
| Groceries | 94 | 98 | 100 | |
| Health | 103 | 102 | 100 | |
| Housing | 111 | 107 | 100 | |
| Transportation | 92 | 95 | 100 | |
| Utilities | 104 | 102 | 100 | |
Rockwood, 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 2017-2021. The key points are:
The Median Home Value in Rockwood is $239,000.
The Median Rent in Rockwood is $1,732.
The Median Income in Rockwood is $81,528.
The Home Value To Income in Rockwood is 2.9x.
The Rent To Monthly Income in Rockwood is 0.25x.
| Statistic | Rockwood | Virginia | United States |
|---|---|---|---|
| Median Home Value | $239,000 | $295,500 | $244,900 |
| Median Rent | $1,732 | $1,326 | $1,163 |
| Median Income | $81,528 | $80,615 | $69,021 |
| Home Value To Income | 2.9x | 3.7x | 3.5x |
| Rent To Monthly Income | 0.25x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Rockwood, VA Costs By Category
Detailed Rockwood Services Costs Vs. Virginia
Detailed Rockwood Groceries Costs Vs. Virginia
Detailed Rockwood Health Costs Vs. Virginia
Detailed Rockwood Transportation Costs Vs. Virginia
Detailed Rockwood Utilities Costs Vs. Virginia
Rockwood SnackAbility
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Cost Of Living In Cities Around Rockwood
The cost of living varies in the cities and towns around Rockwood. Here's a quick look at the cost of living in the most populous nearby places:
Richmond, VA has a cost of living index of 99, 1.0x Rockwood.
Tuckahoe, VA has a cost of living index of 111, 1.1x Rockwood.
Mechanicsville, VA has a cost of living index of 107, 1.1x Rockwood.
| City | Population | Cost Of Living | Vs. Rockwood |
|---|---|---|---|
| Richmond, VA | 225,676 | 99 | 1.0x |
| Tuckahoe, VA | 48,187 | 111 | 1.1x |
| Mechanicsville, VA | 37,767 | 107 | 1.1x |
| Short Pump, VA | 27,332 | 125 | 1.2x |
| Chester, VA | 22,512 | 101 | 1.0x |
| Meadowbrook, VA | 19,574 | 101 | 1.0x |
| Bon Air, VA | 17,846 | 106 | 1.0x |
| Glen Allen, VA | 14,783 | 108 | 1.1x |
| Brandermill, VA | 13,745 | 108 | 1.1x |
| Manchester, VA | 12,192 | 100 | 1.0x |
