Zip 24348 (Independence, VA) Cost of Living


0 Reviews



Download our custom City Report to see exclusive
data on cost of living, crime, climate, and more.
United States / Virginia / No Metro Area / Grayson County / Independence / Independence (zip 24348)

Independence cost of living score
75.9
Less expensive
24.1% lower
than the US average
27.2% lower
than the Virginia average
Independence (zip 24348), Virginia gets a BestPlaces Cost of Living score of 75.9, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 24.1% lower than the U.S. average and 27.2% lower than the average for Virginia.

Zip 24348 (Independence, VA)

Housing costs in Independence?
A typical home costs $172,400, which is 49.0% less expensive than the national average of $338,100 and 49.8% less expensive than the average Virginia home, at $343,200. Renting a two-bedroom unit in Independence costs $810 per month, which is 43.4% cheaper than the national average of $1,430 and 72.8% cheaper than the state average of $1,400.

Can I afford Independence?
To live comfortably in Independence (zip 24348), Virginia, a minimum annual income of $33,120 for a family, and $26,000 for a single person is recommended.

What does A.I. say about Independence?
The cost of living in 24348 Independence, VA is quite reasonable. The median home value is $123,100, which provides great affordability for potential homebuyers. Additionally, the average rent amount in the area comes to about $902 a month, making it an ideal choice even for those on a budget. Groceries and healthcare are both relatively affordable in 24348 Independence, VA as well. With its low cost of living and excellent quality of life, 24348 Independence makes for an ideal place to live.
   Cost of living score
     CategoriesIndependenceVirginiaUnited States
  75.9104.2100.0
  94.399.6100
  106.0103.1100.0
  46.7112.9100.0
  $172,400$343,200$338,100
  96.5%99.3%100.0%
  78.599.4100.0
  93.6113.7100.0

   100=National Average

   Average Rent by Bedroom Size
Crime