Groveton, VA Cost Of Living
Cost Of Living In Groveton, VA Summary
Cost of living in Groveton 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 Groveton 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 Groveton is 138, with 100 being the average.
The cost of living index in Groveton is 1.4x higher than the national average.
Groveton ranks as the #118 cheapest in Virginia out of 186.
Groveton ranks as the #5,521 cheapest out of 6,412 in the US.
The median home value in Groveton is $474,000.
The median income in Groveton is $98,455.
Table Of Contents
Groveton's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Groveton, VA?
According to the most recent data on the cost of living, Groveton has an overall cost of living index of 138, which is 1.4x higher than the national index of 100.
Compared to Virginia, Groveton has a cost of living index that's 1.4x higher than Virginia's index of 102.
The standard of living in Groveton ranks as #118 most affordable out of the 186 places we measured in Virginia. By definition, that implies Groveton ranks as the #68 most expensive place in the Old Dominion.
For more reading on life in Groveton, check out:
- Living In Groveton
- Search Homes For Sale In Groveton, VA
In Virginia
In America
Groveton Cost Of Living Vs. Virginia
Six factors go into calculating the cost of living index in Groveton. Here is how it fairs on each of the criteria:
The Services index in Groveton is 107.
The Groceries index in Groveton is 120.
The Health index in Groveton is 102.
The Housing index in Groveton is 204.
The Transportation index in Groveton is 100.
The Utilities index in Groveton is 98.
| Living Expense | Groveton | Virginia | National Average | |
|---|---|---|---|---|
| Overall | 138 | 102 | 100 | |
| Services | 107 | 102 | 100 | |
| Groceries | 120 | 98 | 100 | |
| Health | 102 | 102 | 100 | |
| Housing | 204 | 107 | 100 | |
| Transportation | 100 | 95 | 100 | |
| Utilities | 98 | 102 | 100 | |
Groveton, VA Housing Cost Breakdown
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 Groveton is $474,000.
The Median Rent in Groveton is $1,759.
The Median Income in Groveton is $98,455.
The Home Value To Income in Groveton is 4.8x.
The Rent To Monthly Income in Groveton is 0.21x.
| Statistic | Groveton | Virginia | United States |
|---|---|---|---|
| Median Home Value | $474,000 | $295,500 | $244,900 |
| Median Rent | $1,759 | $1,326 | $1,163 |
| Median Income | $98,455 | $80,615 | $69,021 |
| Home Value To Income | 4.8x | 3.7x | 3.5x |
| Rent To Monthly Income | 0.21x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Groveton, VA Costs By Category
Detailed Groveton Services Costs Vs. Virginia
Detailed Groveton Groceries Costs Vs. Virginia
Detailed Groveton Health Costs Vs. Virginia
Detailed Groveton Transportation Costs Vs. Virginia
Detailed Groveton Utilities Costs Vs. Virginia
Groveton SnackAbility
/10
Cost Of Living In Cities Around Groveton
The cost of living varies in the cities and towns around Groveton. Here's a quick look at the cost of living in the most populous nearby places:
Bethesda, MD has a cost of living index of 192, 1.4x Groveton.
North Bethesda, MD has a cost of living index of 159, 1.2x Groveton.
Potomac, MD has a cost of living index of 198, 1.4x Groveton.
| City | Population | Cost Of Living | Vs. Groveton |
|---|---|---|---|
| Bethesda, MD | 66,294 | 192 | 1.4x |
| North Bethesda, MD | 50,695 | 159 | 1.2x |
| Potomac, MD | 46,891 | 198 | 1.4x |
| Franklin Farm, VA | 18,906 | 167 | 1.2x |
| Hybla Valley, VA | 18,410 | 124 | 0.9x |
| Kingstowne, VA | 18,369 | 143 | 1.0x |
| Franconia, VA | 18,310 | 142 | 1.0x |
| Fort Hunt, VA | 16,322 | 180 | 1.3x |
| Huntington, VA | 13,979 | 132 | 1.0x |
| Mount Vernon, VA | 13,707 | 153 | 1.1x |
