CostByCity

Cost of Living in Roanoke, VA

2024 data from the Bureau of Economic Analysis

Cost Index
93.6
6.4% below avg
Housing Index
78.5
Median Income
$65,687
Median Rent
$949/mo

Cost Breakdown

Overall93.6 (-6.4%)
Housing78.5 (-21.5%)
Goods96.8 (-3.2%)
Utilities88.9 (-11.1%)
Other Services98.6 (-1.4%)

National average = 100

Income & Housing

Median Household Income
$65,687/year
Median Home Value
$221,100
Median Monthly Rent
$949/mo
Per Capita Income
$38,097/year

Compare Roanoke, VA With

Roanoke, VA vs Myrtle Beach, SCRoanoke, VA vs Columbia, SCRoanoke, VA vs Scranton, PARoanoke, VA vs Bloomington, ILRoanoke, VA vs Janesville, WIRoanoke, VA vs Billings, MTRoanoke, VA vs Monroe, MIRoanoke, VA vs Homosassa Springs, FLRoanoke, VA vs Sherman, TXRoanoke, VA vs Warner Robins, GA

Frequently Asked Questions

Is Roanoke, VA expensive to live in?
Roanoke, VA has a cost of living index of 93.6, which is 6.4% below the national average.
How much does housing cost in Roanoke, VA?
Housing costs in Roanoke, VA are indexed at 78.5 compared to the national average of 100. The median monthly rent is $949.
What is the average income in Roanoke, VA?
The median household income in Roanoke, VA is $65,687 per year.
What is the average home price in Roanoke, VA?
The median home value in Roanoke, VA is $221,100.