Housing costs in Hot Springs?
A typical home costs
$188,000, which is 44.4% less expensive than the national average of
$338,100 and 45.2% less expensive than the average Virginia home, at
$343,200. Renting a two-bedroom unit in Hot Springs costs
$820 per month, which is 42.7% cheaper than the national average of
$1,430 and 70.7% cheaper than the state average of
$1,400.
Can I afford Hot Springs?
To live comfortably in Hot Springs (zip 24445), Virginia, a minimum annual income of
$36,000 for a family, and
$26,000 for a single person is recommended.
What does A.I. say about Hot Springs?
The cost of living in 24445 Hot Springs, VA is relatively low compared to other areas in the country. The median home price is well below the national average at $124,100, and the median household income is also lower at just over $30,000 a year. This makes it an attractive option for those looking to save some money on their housing costs or stretch their dollars further. Even though the area has a lower cost of living than most metropolitan areas, there are still plenty of amenities available with shops and restaurants nearby. Taxes and utilities are also relatively low in comparison to many other parts of Virginia, making it an ideal location for budget-minded individuals and families alike.