Housing costs in Palmyra?
A typical home costs
$296,700, which is 12.2% less expensive than the national average of
$338,100 and 13.5% less expensive than the average Virginia home, at
$343,200. Renting a two-bedroom unit in Palmyra costs
$1,470 per month, which is 2.8% more than the national average of
$1,430 and 4.8% more than the state average of
$1,400.
Can I afford Palmyra?
To live comfortably in Palmyra, Virginia, a minimum annual income of
$56,880 for a family, and
$49,200 for a single person is recommended.
What does A.I. say about Palmyra?
The cost of living in Palmyra, VA is relatively low compared to other areas. Goods and services are generally inexpensive, making it a great place to live, especially if you're on a budget. The median home value in Palmyra is roughly $150,000, which is well below the national average. Renters will also find housing costs to be affordable with the median rent of around $1,000 per month. In addition, taxes are very reasonable with Palmyra having one of the lowest city taxes rates in Virginia. Groceries and everyday commodities such as gas are also very affordable compared to neighboring cities. All these factors make Palmyra an ideal location for those looking for an affordable place to call home.