Zip 24293 (Wise, VA) Cost of Living


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How much do I need to live in Wise, Virginia?
$2,430 / month
for a family, 55.0% less expensive than the national average A total of $29,160 for the year for a family.
$2,733 / month
for a single person, 42.7% less expensive than the national average A total of $32,800 for the year for a single person.

Wise cost of living score
69.6
Less expensive
30.4% lower
than the US average
33.2% lower
than the Virginia average
Wise (zip 24293), Virginia gets a BestPlaces Cost of Living score of 69.6, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 30.4% lower than the U.S. average and 33.2% lower than the average for Virginia.

Zip 24293 (Wise, VA)

Housing costs in Wise?
A typical home costs $152,800, which is 54.8% less expensive than the national average of $338,100 and 55.5% less expensive than the average Virginia home, at $343,200. Renting a two-bedroom unit in Wise costs $1,000 per month, which is 28.6% cheaper than the national average of $1,400 and 21.0% more than the state average of $790.

Can I afford Wise?
To live comfortably in Wise (zip 24293), Virginia, a minimum annual income of $29,160 for a family, and $32,800 for a single person is recommended.

What does A.I. say about Wise?
The cost of living in 24293 Wise, VA is relatively low compared to other parts of the country. The median home value is $87,908, which is significantly lower than the US median home value of $231,400. The median household income in Wise County is also lower than the US average at $35,441 versus $63,179. This indicates that expenses related to housing and daily living costs are more affordable in this area. Additionally, there are several grocery stores in close proximity as well as nearby shopping centers making it easy to access necessities without breaking the bank. All these factors contribute to a lower overall cost of living in 24293 Wise, VA.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesWiseVirginiaUnited States
    Unlock104.2100.0
  94.4  Unlock100.0
    Unlock103.1100.0
  41.9  Unlock100.0
    Unlock$343,200$338,100
  92.4  Unlock100.0
    Unlock99.4100.0
  99.0  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
Crime

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