Vinton, VA Cost Of Living
Cost Of Living In Vinton, VA Summary
Cost of living in Vinton 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 Vinton 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 Vinton is 85, with 100 being the average.
The cost of living index in Vinton is 0.8x lower than the national average.
Vinton ranks as the #12 cheapest in Virginia out of 186.
Vinton ranks as the #777 cheapest out of 6,412 in the US.
The median home value in Vinton is $149,800.
The median income in Vinton is $56,829.
Table Of Contents
Vinton's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Vinton, VA?
According to the most recent data on the cost of living, Vinton has an overall cost of living index of 85, which is 0.8x lower than the national index of 100.
Compared to Virginia, Vinton has a cost of living index that's 0.8x lower than Virginia's index of 102.
The standard of living in Vinton ranks as #12 most affordable out of the 186 places we measured in Virginia. By definition, that implies Vinton ranks as the #174 most expensive place in the Old Dominion.
For more reading on life in Vinton, check out:
- Living In Vinton
- Vinton Crime Report
- Search Homes For Sale In Vinton, VA
In Virginia
In America
Vinton Cost Of Living Vs. Virginia
Six factors go into calculating the cost of living index in Vinton. Here is how it fairs on each of the criteria:
The Services index in Vinton is 92.
The Groceries index in Vinton is 87.
The Health index in Vinton is 100.
The Housing index in Vinton is 75.
The Transportation index in Vinton is 94.
The Utilities index in Vinton is 98.
| Living Expense | Vinton | Virginia | National Average | |
|---|---|---|---|---|
| Overall | 85 | 102 | 100 | |
| Services | 92 | 102 | 100 | |
| Groceries | 87 | 98 | 100 | |
| Health | 100 | 102 | 100 | |
| Housing | 75 | 107 | 100 | |
| Transportation | 94 | 95 | 100 | |
| Utilities | 98 | 102 | 100 | |
Vinton, 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 Vinton is $149,800.
The Median Rent in Vinton is $772.
The Median Income in Vinton is $56,829.
The Home Value To Income in Vinton is 2.6x.
The Rent To Monthly Income in Vinton is 0.16x.
| Statistic | Vinton | Virginia | United States |
|---|---|---|---|
| Median Home Value | $149,800 | $295,500 | $244,900 |
| Median Rent | $772 | $1,326 | $1,163 |
| Median Income | $56,829 | $80,615 | $69,021 |
| Home Value To Income | 2.6x | 3.7x | 3.5x |
| Rent To Monthly Income | 0.16x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Vinton, VA Costs By Category
Detailed Vinton Services Costs Vs. Virginia
Detailed Vinton Groceries Costs Vs. Virginia
Detailed Vinton Health Costs Vs. Virginia
Detailed Vinton Transportation Costs Vs. Virginia
Detailed Vinton Utilities Costs Vs. Virginia
Vinton SnackAbility
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Cost Of Living In Cities Around Vinton
The cost of living varies in the cities and towns around Vinton. 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, 1.0x Vinton.
Lynchburg, VA has a cost of living index of 88, 1.0x Vinton.
Blacksburg, VA has a cost of living index of 107, 1.3x Vinton.
| City | Population | Cost Of Living | Vs. Vinton |
|---|---|---|---|
| Roanoke, VA | 99,578 | 87 | 1.0x |
| Lynchburg, VA | 78,973 | 88 | 1.0x |
| Blacksburg, VA | 44,385 | 107 | 1.3x |
| Salem, VA | 25,335 | 93 | 1.1x |
| Cave Spring, VA | 25,248 | 98 | 1.2x |
| Christiansburg, VA | 23,174 | 94 | 1.1x |
| Hollins, VA | 15,857 | 92 | 1.1x |
| Timberlake, VA | 12,972 | 93 | 1.1x |
| Madison Heights, VA | 10,790 | 86 | 1.0x |
| Lexington, VA | 7,287 | 102 | 1.2x |
