Zip 24348 (Independence, VA) Cost of Living


0 Reviews



BestPlaces offers the best, most comprehensive city reports,
with insight into cost of living, crime, climate, and more.
United States / Virginia / No Metro Area / Grayson County / Independence / Independence (zip 24348)
How much do I need to live in Independence, Virginia?
$2,760 / month
for a family, 48.9% less expensive than the national average A total of $33,120 for the year for a family.
$2,167 / month
for a single person, 54.5% less expensive than the national average A total of $26,000 for the year for a single person.

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
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesIndependenceVirginiaUnited States
    Unlock104.2100.0
  94.3  Unlock100.0
    Unlock103.1100.0
  46.7  Unlock100.0
    Unlock$343,200$338,100
  96.5  Unlock100.0
    Unlock99.4100.0
  93.6  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
Crime

The premier source for comprehensive city data for over 30 years.

© Best Places. All rights reserved.