Big Stone Gap, VA Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Big Stone Gap, VA Summary

Cost of living in Big Stone Gap 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 Big Stone Gap 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 Big Stone Gap is 84, with 100 being the average.

  • The cost of living index in Big Stone Gap is 0.8x lower than the national average.

  • Big Stone Gap ranks as the #9 cheapest in Virginia out of 186.

  • Big Stone Gap ranks as the #629 cheapest out of 6,412 in the US.

  • The median home value in Big Stone Gap is $141,600.

  • The median income in Big Stone Gap is $57,431.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
84
Big Stone Gap's Overall Cost Of Living
0.8x
Lower Than The National Average

What is the cost of living in Big Stone Gap, VA?

According to the most recent data on the cost of living, Big Stone Gap has an overall cost of living index of 84, which is 0.8x lower than the national index of 100.

Compared to Virginia, Big Stone Gap has a cost of living index that's 0.8x lower than Virginia's index of 102.

The standard of living in Big Stone Gap ranks as #9 most affordable out of the 186 places we measured in Virginia. By definition, that implies Big Stone Gap ranks as the #177 most expensive place in the Old Dominion.

For more reading on life in Big Stone Gap, check out:

9 out of 186
In Virginia
629 out of 6,412
In America

Big Stone Gap Cost Of Living Vs. Virginia

Six factors go into calculating the cost of living index in Big Stone Gap. Here is how it fairs on each of the criteria:

  • The Services index in Big Stone Gap is 96.

  • The Groceries index in Big Stone Gap is 97.

  • The Health index in Big Stone Gap is 92.

  • The Housing index in Big Stone Gap is 64.

  • The Transportation index in Big Stone Gap is 82.

  • The Utilities index in Big Stone Gap is 86.

Living Expense Big Stone Gap Virginia National Average
Overall 84 102 100
Services 96 102 100
Groceries 97 98 100
Health 92 102 100
Housing 64 107 100
Transportation 82 95 100
Utilities 86 102 100
For more reading on cost of living around Virginia, check out:
Big Stone Gap Cost of Living Vs. VA

Big Stone Gap, 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 Big Stone Gap is $141,600.

  • The Median Rent in Big Stone Gap is $668.

  • The Median Income in Big Stone Gap is $57,431.

  • The Home Value To Income in Big Stone Gap is 2.5x.

  • The Rent To Monthly Income in Big Stone Gap is 0.14x.

Statistic Big Stone Gap Virginia United States
Median Home Value $141,600 $295,500 $244,900
Median Rent $668 $1,326 $1,163
Median Income $57,431 $80,615 $69,021
Home Value To Income 2.5x 3.7x 3.5x
Rent To Monthly Income 0.14x 0.2x 0.2x
Search Homes For Sale In Big Stone Gap, VA
$141,600
Median Home Value
$668
Median Rent
$57,431
Median Income

Big Stone Gap, VA Costs By Category

Detailed Big Stone Gap Services Costs Vs. Virginia

Item Big Stone Gap Virginia
Shampoo $0.9 $1.06
Movie $8.99 $10.68
Bowling $18.41 $14.67
Haircut $19.58 $18.62
Beauty Salon $30.41 $39.05

Detailed Big Stone Gap Groceries Costs Vs. Virginia

Item Big Stone Gap Virginia
Ground Beef $4.74 $4.22
Fried Chicken $1.11 $1.39
Milk $2.04 $2.05
Potatoes $3.59 $3.29
Pizza $12.17 $10.62
Beer $10.2 $9.38
Toothpaste $2.6 $2.34

Detailed Big Stone Gap Health Costs Vs. Virginia

Item Big Stone Gap Virginia
Optometrist $83.87 $108.57
Doctor $90.86 $116.17
Dentist $96.5 $99.13

Detailed Big Stone Gap Transportation Costs Vs. Virginia

Item Big Stone Gap Virginia
Gasoline $1.85 $2.22
Tire Balancing $38.0 $50.07

Detailed Big Stone Gap Utilities Costs Vs. Virginia

Item Big Stone Gap Virginia
All Electricity $119.46 $167.67
Phone $184.96 $175.64

Big Stone Gap SnackAbility

4
/10
Overall SnackAbility
Jobs
4/10
Housing
5
Affordability
7
Diversity
8
Safety
8
Amenities
8
Education
5
Commute
8

Cost Of Living In Cities Around Big Stone Gap

The cost of living varies in the cities and towns around Big Stone Gap. Here's a quick look at the cost of living in the most populous nearby places:

  • Kingsport, TN has a cost of living index of 85, 1.0x Big Stone Gap.

  • Bristol, TN has a cost of living index of 83, 1.0x Big Stone Gap.

  • Greeneville, TN has a cost of living index of 83, 1.0x Big Stone Gap.

City Population Cost Of Living Vs. Big Stone Gap
Kingsport, TN 55,019 85 1.0x
Bristol, TN 27,154 83 1.0x
Greeneville, TN 15,361 83 1.0x
Elizabethton, TN 14,112 87 1.0x
Bloomingdale, TN 8,759 81 1.0x
Pikeville, KY 7,376 90 1.1x
Church Hill, TN 6,973 86 1.0x
Jonesborough, TN 5,747 94 1.1x
Mount Carmel, TN 5,460 88 1.0x

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