Cost Of Living
The overall cost of living in this area is much lower than average. This includes everyday goods and services, as well as housing, utilities and health care.
Employment
The combination of higher than average median home income, income per capita and low unemployment rates results in a score that is well above average in the employment category.
Housing
This area has received high scores in the housing category. This could be due to a positive home affordability ratio, high appreciation rates or elevated home values.
Health & Safety
A high score in the health and safety category is a result of good air quality and the accessibility to health facilities such as hospitals, clinics, doctors, pharmacies and fire stations.
Schools
High test scores, elevated graduation rates as well as the conveniently located elementary and high schools in this area have all contributed to the high score in the schools category.
Amenities
A majority of amenities are not ideally situated within a reasonable walking distance, which may lead residents to rely on a vehicle or public transportation.
Commute
Public transportation is not readily available in this area and the average commute time to work could also be longer than the national average.
Located in the state of Virginia, Cave Spring is a medium-sized city with a population of 25,193 people. The majority of Cave Spring residents report their race to be White; this is followed by Asian and Black.
If you’re considering moving to any new city, it could be a very discouraging task. However, it could also be a positive experience if you are willing to get to know the area before actually living in Cave Spring, Virginia. When searching for a new neighborhood, several key items should be considered. Safety is of utmost importance, ensuring a secure environment with low crime. Proximity to your workplace or school helps reduce commuting time and offers convenience. Access to amenities such as parks, grocery stores, and healthcare facilities enhances your daily life. Public transportation options contribute to easy mobility. A sense of community fosters a supportive and engaging environment. Lastly, the overall atmosphere should align with your desired lifestyle, ensuring a fulfilling living experience. Considering these items will guide you towards finding the perfect neighborhood that fits all your needs. With useful information like amenities, health & safety, education, employment, housing and other key data points, finding the best places to live in Cave Spring and in the areas around Cave Spring is a much easier task.
The livability score in Cave Spring is 76/100 and the city is ranked in the 90th percentile of all cities across America. Based on this score, Cave Spring would be considered a very livable city! Cave Spring has also earned the rare honor of ranking in the top 10 percentile among all cities. Based on the scores for each individual category, Cave Spring has received high marks for crime (B), cost of living (A+), education (B+), employment (B+) and housing (A). There is at least one category that you should be aware of in Cave Spring. The following was graded with a concerning score: amenities (F).
The Cave Spring unemployment rate of 1.85% has continued to decrease over the years and is now well below the national average. The result could lead to reduced poverty and inequality in the area, higher wages and increased economic growth. This is a positive sign in the overall health of the local economy.
Real estate represents the most substantial investment for homebuyers, constituting their most valuable asset. Renters, on the other hand, typically see their monthly rent as their most significant expense. The Cave Spring market earns a high score in the housing category, surpassing the national average in factors like home and rental affordability and appreciation rates. This robust real estate market not only benefits individual homeowners and renters but also spurs vigorous local economic activity and job growth, solidifying its significance in driving the region's prosperity and financial well-being.
Cave Spring real estate prices and overall affordability will play a huge role in determining if the area is the right fit for you. Of course there are probably some other items on your “wish list”, but even before they are considered, let’s take a look at the home prices and affordability in Cave Spring. Median real estate prices in Cave Spring come in at $224,700, which is 9.5% lower than the Virginia average. The home price to income ratio compares the median home prices to the median household income. In Cave Spring, the home price to income ratio is 3.3, which is 13.2% lower than the Virginia average.
| Statistic | Cave Spring | Virginia | National |
| Average one way commute | 22min | 28min | 26min |
| Workers who drive to work | 82.7% | 77.4% | 76.4% |
| Workers who carpool | 6.3% | 9.5% | 9.3% |
| Workers who take public transit | 0.0% | 4.5% | 5.1% |
| Workers who bicycle | 0.1% | 0.4% | 0.6% |
| Workers who walk | 1.1% | 2.4% | 2.8% |
| Working from home | 9.8% | 4.7% | 4.6% |
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