Hollins, VA Cost Of Living

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

Cost Of Living In Hollins, VA Summary

Cost of living in Hollins 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 Hollins 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 Hollins is 92, with 100 being the average.

  • The cost of living index in Hollins is 0.9x lower than the national average.

  • Hollins ranks as the #23 cheapest in Virginia out of 186.

  • Hollins ranks as the #1,974 cheapest out of 6,412 in the US.

  • The median home value in Hollins is $184,600.

  • The median income in Hollins is $70,053.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
92
Hollins's Overall Cost Of Living
0.9x
Lower Than The National Average

What is the cost of living in Hollins, VA?

According to the most recent data on the cost of living, Hollins has an overall cost of living index of 92, which is 0.9x lower than the national index of 100.

Compared to Virginia, Hollins has a cost of living index that's 0.9x lower than Virginia's index of 102.

The standard of living in Hollins ranks as #23 most affordable out of the 186 places we measured in Virginia. By definition, that implies Hollins ranks as the #163 most expensive place in the Old Dominion.

For more reading on life in Hollins, check out:

23 out of 186
In Virginia
1,974 out of 6,412
In America

Hollins Cost Of Living Vs. Virginia

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

  • The Services index in Hollins is 89.

  • The Groceries index in Hollins is 88.

  • The Health index in Hollins is 100.

  • The Housing index in Hollins is 93.

  • The Transportation index in Hollins is 94.

  • The Utilities index in Hollins is 101.

Living Expense Hollins Virginia National Average
Overall 92 102 100
Services 89 102 100
Groceries 88 98 100
Health 100 102 100
Housing 93 107 100
Transportation 94 95 100
Utilities 101 102 100
For more reading on cost of living around Virginia, check out:
Hollins Cost of Living Vs. VA

Hollins, 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 Hollins is $184,600.

  • The Median Rent in Hollins is $998.

  • The Median Income in Hollins is $70,053.

  • The Home Value To Income in Hollins is 2.6x.

  • The Rent To Monthly Income in Hollins is 0.17x.

Statistic Hollins Virginia United States
Median Home Value $184,600 $295,500 $244,900
Median Rent $998 $1,326 $1,163
Median Income $70,053 $80,615 $69,021
Home Value To Income 2.6x 3.7x 3.5x
Rent To Monthly Income 0.17x 0.2x 0.2x
Search Homes For Sale In Hollins, VA
$184,600
Median Home Value
$998
Median Rent
$70,053
Median Income

Hollins, VA Costs By Category

Detailed Hollins Services Costs Vs. Virginia

Item Hollins Virginia
Shampoo $0.89 $1.06
Movie $10.33 $10.68
Bowling $15.42 $14.67
Haircut $13.78 $18.62
Beauty Salon $32.1 $39.05

Detailed Hollins Groceries Costs Vs. Virginia

Item Hollins Virginia
Ground Beef $3.44 $4.22
Fried Chicken $1.0 $1.39
Milk $1.78 $2.05
Potatoes $2.84 $3.29
Pizza $9.76 $10.62
Beer $9.86 $9.38
Toothpaste $1.74 $2.34

Detailed Hollins Health Costs Vs. Virginia

Item Hollins Virginia
Optometrist $92.0 $108.57
Doctor $102.48 $116.17
Dentist $116.0 $99.13

Detailed Hollins Transportation Costs Vs. Virginia

Item Hollins Virginia
Gasoline $2.08 $2.22
Tire Balancing $44.96 $50.07

Detailed Hollins Utilities Costs Vs. Virginia

Item Hollins Virginia
All Electricity $168.56 $167.67
Phone $177.97 $175.64

Hollins SnackAbility

7
/10
Overall SnackAbility
Jobs
8/10
Housing
8
Affordability
8.5
Diversity
8
Safety
N/A
Amenities
8.5
Education
8
Commute
8

Cost Of Living In Cities Around Hollins

The cost of living varies in the cities and towns around Hollins. 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 Hollins.

  • Lynchburg, VA has a cost of living index of 88, 1.0x Hollins.

  • Blacksburg, VA has a cost of living index of 107, 1.2x Hollins.

City Population Cost Of Living Vs. Hollins
Roanoke, VA 99,578 87 0.9x
Lynchburg, VA 78,973 88 1.0x
Blacksburg, VA 44,385 107 1.2x
Salem, VA 25,335 93 1.0x
Cave Spring, VA 25,248 98 1.1x
Christiansburg, VA 23,174 94 1.0x
Timberlake, VA 12,972 93 1.0x
Madison Heights, VA 10,790 86 0.9x
Vinton, VA 8,039 85 0.9x
Lexington, VA 7,287 102 1.1x

Articles About Virginia

Enjoy The Snack?