Housing costs in Amherst?
A typical home costs
$257,200, which is 23.9% less expensive than the national average of
$338,100 and 25.1% less expensive than the average Virginia home, at
$343,200. Renting a two-bedroom unit in Amherst costs
$1,040 per month, which is 25.7% cheaper than the national average of
$1,400 and 10.6% more than the state average of
$930.
Can I afford Amherst?
To live comfortably in Amherst (zip 24521), Virginia, a minimum annual income of
$49,320 for a family, and
$36,400 for a single person is recommended.
What does A.I. say about Amherst?
The cost of living in 24521 Amherst, VA is quite reasonable. According to Best Places, the median home value in the area is around $139,000 and the median household income is $37,531. The local taxes are also quite low at 4.39%, which is below the national average. Additionally, groceries and other basic goods tend to be fairly affordable due to a large number of stores located nearby. All in all, Amherst provides an excellent quality of life for those interested in living there at a reasonable cost.