Housing costs in Amherst?
A typical home costs
$252,200, which is 25.4% less expensive than the national average of
$338,100 and 26.5% less expensive than the average Virginia home, at
$343,200. Renting a two-bedroom unit in Amherst costs
$1,030 per month, which is 28.0% cheaper than the national average of
$1,430 and 35.9% cheaper than the state average of
$1,400.
Can I afford Amherst?
To live comfortably in Amherst, Virginia, a minimum annual income of
$48,240 for a family, and
$36,400 for a single person is recommended.
What does A.I. say about Amherst?
The cost of living in Amherst, VA is relatively affordable compared to other parts of the United States. According to BestPlaces, the cost of living index for Amherst is 72.87, which is around 23% lower than the national average. Housing costs are particularly low; home values in Amherst average around $130,000 with a median monthly rent of $814. The overall cost of food and groceries is also lower than the national average, making it an attractive option for budget-conscious individuals and families. Furthermore, taxes are quite low in Amherst; property taxes come in at only 0.64%, which is much lower than the national average rate of 1.24%. All in all, Amherst offers a great balance between affordability and quality of life.