Timberlake, VA Cost Of Living
Cost Of Living In Timberlake, VA Summary
Cost of living in Timberlake 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 Timberlake 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 Timberlake is 93, with 100 being the average.
The cost of living index in Timberlake is 0.9x lower than the national average.
Timberlake ranks as the #28 cheapest in Virginia out of 186.
Timberlake ranks as the #2,137 cheapest out of 6,412 in the US.
The median home value in Timberlake is $191,600.
The median income in Timberlake is $62,715.
Table Of Contents
Timberlake's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Timberlake, VA?
According to the most recent data on the cost of living, Timberlake has an overall cost of living index of 93, which is 0.9x lower than the national index of 100.
Compared to Virginia, Timberlake has a cost of living index that's 0.9x lower than Virginia's index of 102.
The standard of living in Timberlake ranks as #28 most affordable out of the 186 places we measured in Virginia. By definition, that implies Timberlake ranks as the #158 most expensive place in the Old Dominion.
For more reading on life in Timberlake, check out:
- Living In Timberlake
- Search Homes For Sale In Timberlake, VA
In Virginia
In America
Timberlake Cost Of Living Vs. Virginia
Six factors go into calculating the cost of living index in Timberlake. Here is how it fairs on each of the criteria:
The Services index in Timberlake is 92.
The Groceries index in Timberlake is 84.
The Health index in Timberlake is 97.
The Housing index in Timberlake is 89.
The Transportation index in Timberlake is 89.
The Utilities index in Timberlake is 101.
| Living Expense | Timberlake | Virginia | National Average | |
|---|---|---|---|---|
| Overall | 93 | 102 | 100 | |
| Services | 92 | 102 | 100 | |
| Groceries | 84 | 98 | 100 | |
| Health | 97 | 102 | 100 | |
| Housing | 89 | 107 | 100 | |
| Transportation | 89 | 95 | 100 | |
| Utilities | 101 | 102 | 100 | |
Timberlake, 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 Timberlake is $191,600.
The Median Rent in Timberlake is $991.
The Median Income in Timberlake is $62,715.
The Home Value To Income in Timberlake is 3.1x.
The Rent To Monthly Income in Timberlake is 0.19x.
| Statistic | Timberlake | Virginia | United States |
|---|---|---|---|
| Median Home Value | $191,600 | $295,500 | $244,900 |
| Median Rent | $991 | $1,326 | $1,163 |
| Median Income | $62,715 | $80,615 | $69,021 |
| Home Value To Income | 3.1x | 3.7x | 3.5x |
| Rent To Monthly Income | 0.19x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Timberlake, VA Costs By Category
Detailed Timberlake Services Costs Vs. Virginia
| Item | Timberlake | Virginia |
|---|---|---|
| Shampoo | $0.88 | $1.06 |
| Movie | $13.26 | $10.68 |
| Bowling | $10.5 | $14.67 |
| Haircut | $11.6 | $18.62 |
| Beauty Salon | $31.87 | $39.05 |
Detailed Timberlake Groceries Costs Vs. Virginia
| Item | Timberlake | Virginia |
|---|---|---|
| Ground Beef | $4.07 | $4.22 |
| Fried Chicken | $0.99 | $1.39 |
| Milk | $1.81 | $2.05 |
| Potatoes | $2.88 | $3.29 |
| Pizza | $9.9 | $10.62 |
| Beer | $10.18 | $9.38 |
| Toothpaste | $1.81 | $2.34 |
Detailed Timberlake Health Costs Vs. Virginia
| Item | Timberlake | Virginia |
|---|---|---|
| Optometrist | $115.88 | $108.57 |
| Doctor | $117.46 | $116.17 |
| Dentist | $90.17 | $99.13 |
Detailed Timberlake Transportation Costs Vs. Virginia
| Item | Timberlake | Virginia |
|---|---|---|
| Gasoline | $2.07 | $2.22 |
| Tire Balancing | $36.0 | $50.07 |
Detailed Timberlake Utilities Costs Vs. Virginia
| Item | Timberlake | Virginia |
|---|---|---|
| All Electricity | $177.73 | $167.67 |
| Phone | $177.97 | $175.64 |
Timberlake SnackAbility
/10
Cost Of Living In Cities Around Timberlake
The cost of living varies in the cities and towns around Timberlake. 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 Timberlake.
Lynchburg, VA has a cost of living index of 88, 0.9x Timberlake.
Salem, VA has a cost of living index of 93, 1.0x Timberlake.
| City | Population | Cost Of Living | Vs. Timberlake |
|---|---|---|---|
| Roanoke, VA | 99,578 | 87 | 0.9x |
| Lynchburg, VA | 78,973 | 88 | 0.9x |
| Salem, VA | 25,335 | 93 | 1.0x |
| Cave Spring, VA | 25,248 | 98 | 1.1x |
| Hollins, VA | 15,857 | 92 | 1.0x |
| Forest, VA | 11,045 | 98 | 1.1x |
| Madison Heights, VA | 10,790 | 86 | 0.9x |
| Vinton, VA | 8,039 | 85 | 0.9x |
| Lexington, VA | 7,287 | 102 | 1.1x |
| Buena Vista, VA | 6,649 | 84 | 0.9x |
