Housing costs in Roanoke?
A typical home costs
$243,900, which is 27.9% less expensive than the national average of
$338,100 and 28.9% less expensive than the average Virginia home, at
$343,200. Renting a two-bedroom unit in Roanoke costs
$980 per month, which is 31.5% cheaper than the national average of
$1,430 and 42.9% cheaper than the state average of
$1,400.
Can I afford Roanoke?
To live comfortably in Roanoke Virgi Metro Area, Virginia, a minimum annual income of
$46,800 for a family, and
$31,200 for a single person is recommended.
What does A.I. say about Roanoke?
The cost of living in the Roanoke, VA Metro Area is below the national average. According to data from sources such as BestPlaces, the cost of living index for Roanoke is 88.5, compared to the national average of 100. This means that overall it costs less to live in the Roanoke area than other parts of the country. Additionally, the median house value in this area is $243,900 – significantly lower than the US average house value of $338,100. All this makes Roanoke an attractive option for those looking for a comfortable place to live without having to pay high prices.