Housing costs in Gate City?
A typical home costs
$148,700, which is 56.0% less expensive than the national average of
$338,100 and 56.7% less expensive than the average Virginia home, at
$343,200. Renting a two-bedroom unit in Gate City 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 Gate City?
To live comfortably in Gate City, Virginia, a minimum annual income of
$28,440 for a family, and
$24,800 for a single person is recommended.
What does A.I. say about Gate City?
The cost of living in Gate City, VA is quite affordable. According to the Sperling's Best Places Cost of Living Index, Gate City has a score of 85.3, which is slightly below the national average. This means that housing costs are 7% less than the national average while utility costs are 2% lower than the national average. Additionally, grocery prices and healthcare costs are both 8% lower than the national averages. All in all, Gate City is an affordable place to live with plenty of amenities and attractions available for residents to enjoy.