Housing costs in Wise?
A typical home costs
$147,700, which is 56.3% less expensive than the national average of
$338,100 and 57.0% less expensive than the average Virginia home, at
$343,200. Renting a two-bedroom unit in Wise costs
$1,020 per month, which is 28.7% cheaper than the national average of
$1,430 and 37.3% cheaper than the state average of
$1,400.
Can I afford Wise?
To live comfortably in Wise, Virginia, a minimum annual income of
$28,440 for a family, and
$34,000 for a single person is recommended.
What does A.I. say about Wise?
The cost of living in Wise, VA is relatively low compared to the national average. According to BestPlaces, the cost of living index for Wise is around 83 (versus 100 for the national average). This means that goods and services are generally cheaper than in most other parts of the country. Additionally, housing costs are very reasonable in Wise – the median home value is only $92,400. Renters can expect to find much better rates than in many other parts of Virginia or the nation as a whole. All told, Wise provides an excellent quality of life at affordable prices.