Cost of Living in Hot Springs, VA

A+
10%
Overall NAT. AVG.
4%
Goods & Services NAT. AVG.
29%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
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 Hot Springs Virginia National
Cost of living90109100
Goods & Services96100100
Groceries97101100
Health care8999100
Housing71130100
Transportation9895100
Utilities116104100
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Cost Of Living Quick Facts

  • The cost of living in Hot Springs is 17% lower than the Virginia average
  • The cost of living in Hot Springs is 10% lower than the national average
  • Hot Springs housing is 29% 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

Most Affordable Places to Live in and Around Hot Springs

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Compare Hot Springs, VA Cost of Living

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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$0$0$0$0
      Renters$0$0$0$0

      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 Hot Springs National avg. Difference
      Haircut $14.40$24.2640.6%
      Beauty Salon $33.51$45.5626.5%
      Toothpaste $3.66$3.701.1%
      Shampoo $1.20$1.286.0%
      Movie $13.42$12.1310.6%
      Bowling $13.22$18.0026.5%

      Groceries

      Item Hot Springs National avg. Difference
      Ground Beef $5.36$5.848.3%
      Fried Chicken $1.43$1.579.3%
      Milk $4.59$4.671.8%
      Potatoes $4.93$4.930.0%
      Pizza $14.11$12.0916.7%
      Beer $10.63$10.412.1%

      Health Care

      Item Hot Springs National avg. Difference
      Optometrist $121.62$125.683.2%
      Doctor $150.70$135.7811.0%
      Dentist $109.15$113.293.7%
      Ibuprofen $10.39$10.652.5%
      Lipitor $484.30$468.603.4%

      Housing

      Item Hot Springs National avg. Difference
      Home Price $0.00$184,700.00100.0%
      Avg. Mortgage Payment $1,912.27$2,346.6918.5%
      Apartment Rent $677.00$949.0028.7%

      Transportation

      Item Hot Springs National avg. Difference
      Gasoline $3.29$3.464.9%
      Tire Balancing $41.28$59.9231.1%

      Utilities

      Item Hot Springs National avg. Difference
      All Electricity $240.27$193.9923.9%
      Phone $184.83$192.253.9%
      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.
      Warm Springs, VA0991.3%
      Low Moor, VA333991.3%
      Huntersville, WV1048118.9%
      Selma, VA4958217.9%
      Iron Gate, VA3968614.4%
      Hot Springs, VA586909.5%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Golden Beach, FL586319218.6%
      Dumont, IA5868218.5%
      Packwood, IA5868019.7%
      Bonfield, IL5868910.5%
      White City, KS5868316.9%
      Hot Springs, VA586909.5%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
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