A wise sage once said:
“She works hard for the money…”
And these places in Virginia definitely treat her right.
You see, these are the places in Virginia where the cost of living is the lowest; where your salary goes the furthest. And when if you have the luxury of choosing where to live in the Old Dominion, then the cost of living should play a role in the decision.
So we did the hard for you and crunched the numbers to find the cities that have lower food, energy, and housing costs. After the dust settled on our analysis of the 59 largest places in Virginia, we were left with this set of the best value for your money.
- Martinsville (Photos | Homes For Sale)
- Roanoke (Photos | Homes For Sale)
- Vinton (Photos | Homes For Sale)
- Salem (Photos | Homes For Sale)
- Bedford (Homes For Sale)
- Lynchburg (Photos | Homes For Sale)
- Bristol (Photos | Homes For Sale)
- Covington (Photos | Homes For Sale)
- Big Stone Gap (Photos | Homes For Sale)
- Waynesboro (Photos | Homes For Sale)
So listen up Alexandria (the most expensive place in Virginia) as we explain how we created this ranking. You could learn some things from the rest of the state.
And if you already knew these places were cheap, check out some more reading about Virginia and the cheapest places in the country:
How We Determined The Cheapest Places To Live In The Old Dominion For 2018
There are basic necessities that you have to buy no matter where in the country you live. Those things include:
- Health Insurance
You can then compare the cost of these things in each of the places in Virginia to figure out which is the least expensive.
What you are left with is a “Cost of Living Index” that normalizes to 100 for an average place in the United States.
So we used that cost of living index in order to rank all of the 59 places in Virginia that have more than 5,000 people.
And just so you can better understand how the cost of living index works, 100 is the average cost of a place in the United States. A score of 90 means that the place cost 10% less than average. A score of 90 means it’s 10% less expensive.
San Francisco has a score of 243 meaning it’s almost 2.5 times as expensive as the average place in the country.
Martinsville is an independent city near the southern border of the Commonwealth of Virginia. As of the 2010 census, the population was 13,821. It is the county seat of Henry County, although the two are separate jurisdictions. The Bureau of Economic Analysis combines the city of Martinsville with Henry County for statistical purposes.
Roanoke is an independent city in the U.S. state of Virginia. As of the 2010 census, the population was 97,032. It is located in the Roanoke Valley of the Roanoke Region of Virginia.
Salem is an independent city in the U.S. commonwealth of Virginia. As of the 2010 census, the population was 24,802. It is the county seat of Roanoke County, although the two are separate jurisdictions. The Bureau of Economic Analysis combines the city of Salem with Roanoke County for statistical purposes.
Lynchburg is an independent city in the Commonwealth of Virginia. As of the 2010 census, the population was 75,568. The 2016 census estimates an increase to 80,212. Located in the foothills of the Blue Ridge Mountains along the banks of the James River, Lynchburg is known as the “City of Seven Hills” or the “Hill City”. In the 1860s, Lynchburg was the only major city in Virginia that was not recaptured by the Union before the end of the American Civil War.
Bristol is an independent city in the Commonwealth of Virginia. As of the 2010 census, the population was 17,835. It is the twin city of Bristol, Tennessee, just across the state line, which runs down the middle of its main street, State Street. The Bureau of Economic Analysis combines the city of Bristol, Virginia, with neighboring Washington County, Virginia, for statistical purposes. Bristol is a principal city of the Kingsport-Bristol-Bristol, TN-VA Metropolitan Statistical Area, which is a component of the Johnson City-Kingsport-Bristol, TN-VA Combined Statistical Area – commonly known as the “Tri-Cities” region.
Big Stone Gap is a town in Wise County, Virginia, United States. The population was 5,643 at the 2010 census.
Waynesboro, is an independent city in the Commonwealth of Virginia. As of the 2010 census, the population was 21,006.
There You Have It Mr. Or Mrs. Virginia Cheapskate
If you’re looking at the cost of living numbers in Virginia, this is an accurate list of the cheapest places to call home.
Here’s a look at the most expensive cities in Virginia according to the data:
For more Virginia reading, check out:
- These Are The 10 Best Places To Retire In Virginia For 2018
- 10 Safest Places In Virginia
- 10 Best Places To Raise A Family In Virginia
Detailed List Of The Cheapest Places In Virginia
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