Cost Of Living in Boones Mill, VA

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Boones Mill	Virginia	National
Cost of living	93	109	100
Goods & Services	96	100	100
Groceries	97	101	100
Health care	89	99	100
Housing	81	130	100
Transportation	98	95	100
Utilities	116	104	100

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Cost Of Living Quick Facts

The cost of living in Boones Mill is 14% lower than the Virginia average
The cost of living in Boones Mill is 7% lower than the national average
Boones Mill housing is 19% lower than the national average
Virginia general sales tax is 4% higher than the national average
Virginia state income tax is 23% lower than the national average

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$57,750	$4,813	$1,347	$1,733
Renters	$51,250	$4,271	$1,196	$1,538

Virginia Sales Tax

State	General Sales Tax	With Max Surtax
Virginia	5.3%	6%

Virginia Income Tax

State	Income Tax (Low)	Income Tax (High)
Virginia	2%	5.75%

Goods & Services

Item	Boones Mill	National avg.	Difference
Haircut	$14.40	$24.26	40.6%
Beauty Salon	$33.51	$45.56	26.5%
Toothpaste	$3.66	$3.70	1.1%
Shampoo	$1.20	$1.28	6.0%
Movie	$13.42	$12.13	10.6%
Bowling	$13.22	$18.00	26.5%

Groceries

Item	Boones Mill	National avg.	Difference
Ground Beef	$5.36	$5.84	8.3%
Fried Chicken	$1.43	$1.57	9.3%
Milk	$4.59	$4.67	1.8%
Potatoes	$4.93	$4.93	0.0%
Pizza	$14.11	$12.09	16.7%
Beer	$10.63	$10.41	2.1%

Health Care

Item	Boones Mill	National avg.	Difference
Optometrist	$121.62	$125.68	3.2%
Doctor	$150.70	$135.78	11.0%
Dentist	$109.15	$113.29	3.7%
Ibuprofen	$10.39	$10.65	2.5%
Lipitor	$484.30	$468.60	3.4%

Housing

Item	Boones Mill	National avg.	Difference
Home Price	$153,100.00	$184,700.00	17.1%
Avg. Mortgage Payment	$1,912.27	$2,346.69	18.5%
Apartment Rent	$725.00	$949.00	23.6%

Transportation

Item	Boones Mill	National avg.	Difference
Gasoline	$3.29	$3.46	4.9%
Tire Balancing	$41.28	$59.92	31.1%

Utilities

Item	Boones Mill	National avg.	Difference
All Electricity	$240.27	$193.99	23.9%
Phone	$184.83	$192.25	3.9%

Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Lafayette, VA	813	96	3.6%
Ferrum, VA	2,148	82	18.2%
Henry Fork, VA	1,147	87	13.0%
Roanoke, VA	99,122	92	7.9%
Rocky Mount, VA	4,727	93	7.5%
Boones Mill, VA	149	93	6.6%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Calvert, AL	149	82	17.7%
Rudy, AR	149	87	13.3%
Blairsburg, IA	149	82	18.3%
Calhoun, IL	149	81	19.1%
Littleton, IL	149	80	19.8%
Boones Mill, VA	149	93	6.6%

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

Cost of Living in Boones Mill, VA