Housing costs in Hopewell?
A typical home costs
$236,700, which is 30.0% less expensive than the national average of
$338,100 and 31.0% less expensive than the average Virginia home, at
$343,200. Renting a two-bedroom unit in Hopewell costs
$1,110 per month, which is 22.4% cheaper than the national average of
$1,430 and 26.1% cheaper than the state average of
$1,400.
Can I afford Hopewell?
To live comfortably in Hopewell, Virginia, a minimum annual income of
$45,360 for a family, and
$39,200 for a single person is recommended.
What does A.I. say about Hopewell?
The cost of living in Hopewell, VA is quite reasonable. According to the Cost of Living Index from Best Places, the overall cost of living in Hopewell is slightly below the national average. Housing costs are particularly affordable, with median home prices below the national average and an array of housing options to choose from. In addition, groceries, health care and transportation costs are all lower than the national average. These factors make Hopewell an attractive option for those looking for a high quality of life at a lower cost.