Housing costs in Hanover?
A typical home costs
$350,100, which is 3.5% more expensive than the national average of
$338,100 and 2.0% more expensive than the average Virginia home, at
$343,200. Renting a two-bedroom unit in Hanover costs
$1,480 per month, which is 3.5% more than the national average of
$1,430 and 5.4% more than the state average of
$1,400.
Can I afford Hanover?
To live comfortably in Hanover, Virginia, a minimum annual income of
$66,960 for a family, and
$52,400 for a single person is recommended.
What does A.I. say about Hanover?
The cost of living in Hanover, VA is relatively low compared to the national average. This is due in part to the lower housing costs as well as overall lower costs when it comes to everyday items like food, clothing, and transportation expenses. Housing prices are especially affordable for people on a budget since the median home price is about $200,000. There are also many economic opportunities in the area with plenty of jobs available both locally and in nearby cities. In general, Hanover offers an excellent quality of life with access to all the amenities people expect from a large city while keeping prices low.