Hollins, VA Cost Of Living
Cost Of Living In Hollins, VA Summary
Cost of living in Hollins 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 Hollins 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 Hollins is 92, with 100 being the average.
The cost of living index in Hollins is 0.9x lower than the national average.
Hollins ranks as the #23 cheapest in Virginia out of 186.
Hollins ranks as the #1,974 cheapest out of 6,412 in the US.
The median home value in Hollins is $184,600.
The median income in Hollins is $70,053.
Table Of Contents
Hollins's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Hollins, VA?
According to the most recent data on the cost of living, Hollins has an overall cost of living index of 92, which is 0.9x lower than the national index of 100.
Compared to Virginia, Hollins has a cost of living index that's 0.9x lower than Virginia's index of 102.
The standard of living in Hollins ranks as #23 most affordable out of the 186 places we measured in Virginia. By definition, that implies Hollins ranks as the #163 most expensive place in the Old Dominion.
For more reading on life in Hollins, check out:
- Living In Hollins
- Search Homes For Sale In Hollins, VA
In Virginia
In America
Hollins Cost Of Living Vs. Virginia
Six factors go into calculating the cost of living index in Hollins. Here is how it fairs on each of the criteria:
The Services index in Hollins is 89.
The Groceries index in Hollins is 88.
The Health index in Hollins is 100.
The Housing index in Hollins is 93.
The Transportation index in Hollins is 94.
The Utilities index in Hollins is 101.
| Living Expense | Hollins | Virginia | National Average | |
|---|---|---|---|---|
| Overall | 92 | 102 | 100 | |
| Services | 89 | 102 | 100 | |
| Groceries | 88 | 98 | 100 | |
| Health | 100 | 102 | 100 | |
| Housing | 93 | 107 | 100 | |
| Transportation | 94 | 95 | 100 | |
| Utilities | 101 | 102 | 100 | |
Hollins, 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 Hollins is $184,600.
The Median Rent in Hollins is $998.
The Median Income in Hollins is $70,053.
The Home Value To Income in Hollins is 2.6x.
The Rent To Monthly Income in Hollins is 0.17x.
| Statistic | Hollins | Virginia | United States |
|---|---|---|---|
| Median Home Value | $184,600 | $295,500 | $244,900 |
| Median Rent | $998 | $1,326 | $1,163 |
| Median Income | $70,053 | $80,615 | $69,021 |
| Home Value To Income | 2.6x | 3.7x | 3.5x |
| Rent To Monthly Income | 0.17x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Hollins, VA Costs By Category
Detailed Hollins Services Costs Vs. Virginia
Detailed Hollins Groceries Costs Vs. Virginia
Detailed Hollins Health Costs Vs. Virginia
Detailed Hollins Transportation Costs Vs. Virginia
Detailed Hollins Utilities Costs Vs. Virginia
Hollins SnackAbility
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Cost Of Living In Cities Around Hollins
The cost of living varies in the cities and towns around Hollins. Here's a quick look at the cost of living in the most populous nearby places:
Roanoke, VA has a cost of living index of 87, 0.9x Hollins.
Lynchburg, VA has a cost of living index of 88, 1.0x Hollins.
Blacksburg, VA has a cost of living index of 107, 1.2x Hollins.
| City | Population | Cost Of Living | Vs. Hollins |
|---|---|---|---|
| Roanoke, VA | 99,578 | 87 | 0.9x |
| Lynchburg, VA | 78,973 | 88 | 1.0x |
| Blacksburg, VA | 44,385 | 107 | 1.2x |
| Salem, VA | 25,335 | 93 | 1.0x |
| Cave Spring, VA | 25,248 | 98 | 1.1x |
| Christiansburg, VA | 23,174 | 94 | 1.0x |
| Timberlake, VA | 12,972 | 93 | 1.0x |
| Madison Heights, VA | 10,790 | 86 | 0.9x |
| Vinton, VA | 8,039 | 85 | 0.9x |
| Lexington, VA | 7,287 | 102 | 1.1x |
