Zip 24350 (Ivanhoe, VA) Cost of Living


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United States / Virginia / No Metro Area / Wythe County / Ivanhoe / Ivanhoe (zip 24350)
How much do I need to live in Ivanhoe, Virginia?
$1,860 / month
for a family, 65.6% less expensive than the national average A total of $22,320 for the year for a family.
$2,033 / month
for a single person, 57.4% less expensive than the national average A total of $24,400 for the year for a single person.

Ivanhoe cost of living score
76.4
Less expensive
23.6% lower
than the US average
26.7% lower
than the Virginia average
Ivanhoe (zip 24350), Virginia gets a BestPlaces Cost of Living score of 76.4, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 23.6% lower than the U.S. average and 26.7% lower than the average for Virginia.

Zip 24350 (Ivanhoe, VA)

Housing costs in Ivanhoe?
A typical home costs $116,600, which is 65.5% less expensive than the national average of $338,100 and 66.0% less expensive than the average Virginia home, at $343,200. Renting a two-bedroom unit in Ivanhoe costs $800 per month, which is 44.1% cheaper than the national average of $1,430 and 75.0% cheaper than the state average of $1,400.

Can I afford Ivanhoe?
To live comfortably in Ivanhoe (zip 24350), Virginia, a minimum annual income of $22,320 for a family, and $24,400 for a single person is recommended.

What does A.I. say about Ivanhoe?
The cost of living in 24350 Ivanhoe, VA is quite reasonable. This small town offers a low cost of housing and transportation, making it an ideal place to live for those seeking a more relaxed lifestyle. The median home value in 24350 Ivanhoe, VA is just under $120,000 which is far lower than the national median home value. Additionally, cost of goods and services is 8% lower than the Virginia average, providing residents with significant savings on everyday expenses. Overall, living in 24350 Ivanhoe is an affordable option for those looking for a quieter life without having to sacrifice much in terms of amenities or quality of living.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesIvanhoeVirginiaUnited States
    Unlock104.2100.0
  93.1  Unlock100.0
    Unlock103.1100.0
  29.4  Unlock100.0
    Unlock$343,200$338,100
  97.1  Unlock100.0
    Unlock99.4100.0
  94.4  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
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