Cost of living in Emporia research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Emporia is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Virginia, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Emporia is 88, with 100 being the average.
The cost of living index in Emporia is 0.9x lower than the national average.
Emporia ranks as the #17 cheapest in Virginia out of 186.
Emporia ranks as the #1,278 cheapest out of 6,412 in the US.
The median home value in Emporia is $104,500.
The median income in Emporia is $36,111.
According to the most recent data on the cost of living, Emporia has an overall cost of living index of 88, which is 0.9x lower than the national index of 100.
Compared to Virginia, Emporia has a cost of living index that's 0.9x lower than Virginia's index of 102.
The standard of living in Emporia ranks as #17 most affordable out of the 186 places we measured in Virginia. By definition, that implies Emporia ranks as the #169 most expensive place in the Old Dominion.
For more reading on life in Emporia, check out:
Six factors go into calculating the cost of living index in Emporia. Here is how it fairs on each of the criteria:
The Services index in Emporia is 103.
The Groceries index in Emporia is 95.
The Health index in Emporia is 106.
The Housing index in Emporia is 67.
The Transportation index in Emporia is 92.
The Utilities index in Emporia is 103.
Living Expense | Emporia | Virginia | National Average | |
---|---|---|---|---|
Overall | 88 | 102 | 100 | |
Services | 103 | 102 | 100 | |
Groceries | 95 | 98 | 100 | |
Health | 106 | 102 | 100 | |
Housing | 67 | 107 | 100 | |
Transportation | 92 | 95 | 100 | |
Utilities | 103 | 102 | 100 |
Housing swings affordability the most between places in Virginia, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Emporia is $104,500.
The Median Rent in Emporia is $841.
The Median Income in Emporia is $36,111.
The Home Value To Income in Emporia is 2.9x.
The Rent To Monthly Income in Emporia is 0.28x.
Statistic | Emporia | Virginia | United States |
---|---|---|---|
Median Home Value | $104,500 | $295,500 | $244,900 |
Median Rent | $841 | $1,326 | $1,163 |
Median Income | $36,111 | $80,615 | $69,021 |
Home Value To Income | 2.9x | 3.7x | 3.5x |
Rent To Monthly Income | 0.28x | 0.2x | 0.2x |
The cost of living varies in the cities and towns around Emporia. Here's a quick look at the cost of living in the most populous nearby places:
Suffolk, VA has a cost of living index of 109, 1.2x Emporia.
Petersburg, VA has a cost of living index of 92, 1.0x Emporia.
Hopewell, VA has a cost of living index of 93, 1.1x Emporia.
City | Population | Cost Of Living | Vs. Emporia |
---|---|---|---|
Suffolk, VA | 93,268 | 109 | 1.2x |
Petersburg, VA | 33,229 | 92 | 1.0x |
Hopewell, VA | 23,020 | 93 | 1.1x |
Chester, VA | 22,512 | 101 | 1.1x |
Colonial Heights, VA | 18,127 | 97 | 1.1x |
Roanoke Rapids, NC | 15,294 | 90 | 1.0x |
Franklin, VA | 8,249 | 98 | 1.1x |
Fort Lee, VA | 6,271 | 108 | 1.2x |
Ettrick, VA | 5,169 | 92 | 1.0x |