Cheapest Places to Live in Virginia

Access hyperlocal data to help you make a confident and informed decision.

Virginia, with its rich history, diverse landscapes, and vibrant cities, offers a variety of living experiences. Landmarks such as Colonial Williamsburg, Shenandoah National Park, and Mount Vernon highlight the state's historical and natural attractions. The state's economy is robust and diverse, driven by sectors such as technology, healthcare, and education. Virginia's tax structure includes moderate income and property taxes, which contribute to its overall affordability. Despite recent inflation and rising food costs, Virginia remains one of the more affordable states in the Mid-Atlantic region, especially in its smaller towns and rural areas. The combination of a diverse economy and manageable living costs makes Virginia an attractive place for those seeking affordability and quality of life.

Affordable living in Virginia can often be found in smaller towns and suburban areas where housing costs and everyday expenses are lower. These regions provide a more manageable cost of living, which is essential for maintaining financial stability. Affordability is a key factor in livability, as it allows residents to enjoy a comfortable standard of living without undue financial strain. Factors contributing to the cheapest places to live in Virginia include lower housing demand in less populated areas, supportive local economic policies, and efficient public services. Using AI-assisted city-level cost of living estimates, supported by U.S. Census housing data and regional economic modeling, helps identify these affordable regions and gives potential residents a practical way to compare affordability from one city to the next. In a state known for its historical significance and economic opportunities, finding affordable living options enhances the overall living experience.

Richlands Population: 5,463 23% cheaper than Virginia average

Med. Home Value: $163,476 Med. Rent: $1,110 Med. Household Inc.: $43,634

With a cost of living index that is 23% cheaper than the state average, Richlands is the cheapest place to live in Virginia. This area offers residents a remarkable blend of relatively low housing costs, budget-friendly grocery prices, affordable utilities, and economical health care services, making it an attractive destination for those seeking to stretch their dollars further. Whether you're a young professional, a growing family, or someone looking to enjoy a more relaxed pace of life, Richlands provides an inviting and cost-effective environment to call home.

Marion Population: 5,865 22% cheaper than Virginia average

Med. Home Value: $204,116 Med. Rent: $913 Med. Household Inc.: $43,613

The second most affordable city in Virginia is Marion and stands out for its cost-effective lifestyle. With an overall cost of living that is 22% cheaper than the Virginia average, overall goods and services, housing, utilities, transportation and health care costs fall within a reasonable range. Median household income levels are steady and come in at , which helps to increase the purchasing power of the local residents.

Martinsville Population: 13,146 21% cheaper than Virginia average

Med. Home Value: $140,640 Med. Rent: $994 Med. Household Inc.: $53,215

Martinsville lands in the #3 spot for the cheapest cities to live in Virginia, with a cost of living that is 21% cheaper than the state average. With home prices averaging and rental rates coming in around , it helps that household income levels average about , which assists with paying the mortgage or your monthly rent. Its robust public school system and accessible health care further enhance its appeal, making it a great place to settle down. The strong community spirit and ample recreational opportunities add to its charm.

Covington Population: 5,839 21% cheaper than Virginia average

Med. Home Value: $123,602 Med. Rent: $1,155 Med. Household Inc.: $62,245

The cost of everyday grocery items, goods & services and of course housing, can have a significant impact on the overall cost of living in any area. Covington offers a picturesque and affordable living environment, with a cost of living that is 21% cheaper than the state average. Everyday items like ground beef , eggs , coffee and pizza are all fairly reasonable compared to most other cities, which helps reduce those grocery bills. Home prices are also fairly affordable (compared to the state average), coming in at around .

Galax Population: 6,612 20% cheaper than Virginia average

Med. Home Value: $179,431 Med. Rent: $847 Med. Household Inc.: $53,283

For those wanting to live well on a budget, Galax is ideal, with a cost of living that is 20% cheaper than the state average. Reasonable housing prices (compared to the Virginia average) of and rental prices of are paired with economical goods and services and a range of free or low-cost recreational activities. The city's proactive economic development initiatives also ensure a steady stream of job opportunities, making it a smart choice for those prioritizing financial ease.

Big Stone Gap Population: 5,403 20% cheaper than Virginia average

Med. Home Value: $225,467 Med. Rent: $965 Med. Household Inc.: $59,543

Big Stone Gap comes in at #6 on our list of the cheapest cities in Virginia and is a haven for those seeking affordability without sacrificing convenience. The city is known for its discount shopping centers and budget-friendly dining options and has a cost of living that is 20% cheaper than Virginia. The city's local markets provide fresh produce and other groceries at reduced prices, while parks and community centers offer free entertainment and leisure. This city is perfect for enjoying a high quality of life at a low cost.

Danville Population: 41,783 19% cheaper than Virginia average

Med. Home Value: $169,624 Med. Rent: $1,034 Med. Household Inc.: $56,373

With its cost-effective lifestyle, Danville is an attractive destination for those looking to live affordably. The city boasts suitable housing costs, affordable healthcare, and a variety of budget-friendly dining options. The community is welcoming and vibrant, providing residents with a rich social life at a fraction of the cost. Median income levels come in at , which provides financial stability, purchasing power and increases the quality of life in the city.

Collinsville Population: 7,198 19% cheaper than Virginia average

Med. Home Value: $185,113 Med. Rent: $892 Med. Household Inc.: $61,038

A lower cost of living allows individuals to manage their expenses more effectively, reducing the risk of financial stress and debt. When essential costs such as housing, food, transportation, and healthcare are more affordable, people can achieve greater financial stability and resilience. Collinsville fits that mold and has a cost of living that is 19% cheaper than Virginia.

Bristol Population: 17,459 19% cheaper than Virginia average

Med. Home Value: $225,804 Med. Rent: $1,072 Med. Household Inc.: $59,358

Lower living costs can lead to a higher quality of life by making it easier for people to afford comfortable housing, nutritious food, and access to healthcare. It can also provide opportunities for better education, recreational activities, and community engagement, contributing to overall well-being. Bristol is one of the most affordable cities in Virginia, and has a cost of living that is 19% cheaper than the state average.

Pulaski Population: 9,058 17% cheaper than Virginia average

Med. Home Value: $200,922 Med. Rent: $1,184 Med. Household Inc.: $74,450

With a cost of living that is 17% cheaper than Virginia, Pulaski comes in at #10 on our list of the cheapest places to live in Virginia. Financial stress is a significant factor affecting mental and physical health. By lowering the cost of living, individuals can experience reduced anxiety related to meeting monthly expenses, thereby improving overall health and well-being. The ability to afford basic necessities without constant worry contributes to a more balanced and fulfilling life.

Full list of the cheapest places in Virginia

Rank	Location	Population	COL Index	Med. Home Value	Med. Household Inc.
1	Richlands	5,463	86	$163,476	$43,634
2	Marion	5,865	87	$204,116	$43,613
3	Martinsville	13,146	88	$140,640	$53,215
4	Covington	5,839	88	$123,602	$62,245
5	Galax	6,612	89	$179,431	$53,283
6	Big Stone Gap	5,403	89	$225,467	$59,543
7	Danville	41,783	90	$169,624	$56,373
8	Collinsville	7,198	90	$185,113	$61,038
9	Bristol	17,459	90	$225,804	$59,358
10	Pulaski	9,058	92	$200,922	$74,450
11	Emporia	5,571	93	$217,907	$44,890
12	Petersburg	31,836	94	$196,131	$65,079
13	South Boston	7,916	94	$233,116	$60,053
14	Abingdon	8,159	94	$296,155	$69,056
15	Hopewell	23,190	95	$222,508	$63,640
16	Buena Vista	6,692	95	$222,263	$53,921
17	Roanoke	102,987	95	$237,135	$68,155
18	Madison Heights	11,834	96	$261,897	$75,292
19	Wytheville	8,084	96	$290,054	$59,951
20	Montrose	7,859	97	$209,810	$57,813
21	Vinton	8,401	97	$271,251	$76,216
22	Ettrick	5,172	97	$235,666	$72,583
23	Bedford	6,790	97	$270,413	$58,990
24	Bensley	6,198	99	$248,898	$57,500
25	Highland Springs	15,404	99	$265,304	$69,928
26	East Highland Park	17,051	99	$270,324	$82,826
27	Radford	18,418	100	$310,532	$51,494
28	Bellwood	8,080	100	$250,001	$69,308
29	Lynchburg	83,703	100	$299,584	$72,552
30	Luray	5,002	100	$302,143	$75,973
31	Sandston	7,053	101	$271,335	$74,772
32	Staunton	25,543	101	$307,795	$77,763
33	Waynesboro	23,002	101	$329,523	$65,291
34	Farmville	8,368	102	$347,638	$50,315
35	Hollins	15,501	102	$325,256	$102,354
36	Franklin	8,234	102	$326,120	$75,211
37	Timberlake	13,515	102	$328,813	$84,424
38	Colonial Heights	17,631	103	$323,593	$89,873
39	Christiansburg	23,191	103	$350,367	$92,562
40	Portsmouth	98,194	104	$313,995	$77,881
41	Ashland	8,026	104	$344,430	$80,604
42	Salem	26,071	105	$364,976	$95,075
43	Hampton	138,888	105	$333,449	$85,788
44	Lakeside	13,009	105	$344,967	$82,780
45	Stuarts Draft	11,723	105	$357,222	$93,428
46	Newport News	184,134	105	$341,383	$79,966
47	Dumbarton	8,580	106	$362,127	$76,905
48	Strasburg	6,883	106	$378,490	$73,678
49	Orange	5,140	106	$388,906	$82,734
50	Woodstock	5,370	107	$400,734	$96,392

Methodology

To formulate the list of the cheapest places to live in Virginia, a city-level cost of living model was used with a national average baseline of 100. This framework is designed to provide a practical comparison of how far your dollar may go across different urban areas. Housing estimates incorporate the latest available U.S. Census home price and rental data, while all other values are generated using AI-assisted economic models based on expected everyday expenses, regional pricing trends, climate, transportation patterns, and local economic conditions. The overall index is weighted across key spending categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%).

Map of Cost of Living by State

Well Below nat. avg.
Below nat. avg.
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Well above nat. avg.

The map above is a great way to help you discover the most affordable states across the U.S. By highlighting states with the lowest cost of living, this map provides an in-depth look at where you can get the most value for your money. By visually representing this data, the map allows users to easily compare different regions and make informed decisions about potential relocations or investments. Additionally, it provides valuable insights into the economic conditions and lifestyle factors that influence these cost of living statistics. Whether you're planning a move, considering a new job, or simply curious about the economic landscape, this map is a useful resource for understanding and navigating the financial implications of living in different states.