Housing costs in Pennington Gap?
A typical home costs
$83,500, which is 75.3% less expensive than the national average of
$338,100 and 75.7% less expensive than the average Virginia home, at
$343,200. Renting a two-bedroom unit in Pennington Gap costs
$780 per month, which is 45.5% cheaper than the national average of
$1,430 and 79.5% cheaper than the state average of
$1,400.
Can I afford Pennington Gap?
To live comfortably in Pennington Gap, Virginia, a minimum annual income of
$15,840 for a family, and
$26,800 for a single person is recommended.
What does A.I. say about Pennington Gap?
The cost of living in Pennington Gap, VA is relatively affordable compared to other areas in the United States. The overall cost of living index for Pennington Gap is 75.6, which is 25.4% lower than the national average. The city has a moderate affordability index rating, with residents having access to amenities such as groceries, healthcare, and housing at prices that are below the national average. There are also some local recreation options available in the area, such as the Clinch River State Park and Natural Area and Crescent Golf Course. All of these factors combine to make Pennington Gap a good place to live for those looking for an affordable lifestyle without sacrificing quality of life.