Cost Of Living in Vinton, 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	Vinton	Virginia	National
Cost of living	93	109	100
Goods & Services	96	100	100
Groceries	97	101	100
Health care	89	99	100
Housing	79	130	100
Transportation	98	95	100
Utilities	116	104	100

New Real Estate Listings in Vinton Area

For Sale For Rent

Search

Search Homes for Sale in Vinton, VA

See How Much House You Can Afford. Get Pre-Approved Today

Cost Of Living Quick Facts

The cost of living in Vinton is 15% lower than the Virginia average
The cost of living in Vinton is 7% lower than the national average
Vinton housing is 21% 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 Vinton

See all the best places to live around Vinton

Compare Vinton, VA Cost of Living

Write a review to give others more information about this area.

See all Vinton poll results

The best places in Virginia

Here are the best places to live in Virginia

Safest States In The US

Check out the 10 safest cities in Virginia

These are the 10 cheapest cities in Virginia

Salary Calculator

This is how much you would need to earn in

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	$67,473	$5,623	$1,574	$2,024
Renters	$35,716	$2,976	$833	$1,072

A good indicator of the general affordability of housing in Vinton, VA, is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Vinton, the median monthly income is $67,473 for those who own their own homes. Under the standard rule, that income level would allow for $1,574 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $35,716, per the median income in the area. That would allow for renters to spend up to $833 on monthly rental expenses.

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	Vinton	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	Vinton	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	Vinton	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	Vinton	National avg.	Difference
Home Price	$147,900.00	$184,700.00	19.9%
Avg. Mortgage Payment	$1,912.27	$2,346.69	18.5%
Apartment Rent	$724.00	$949.00	23.7%

Transportation

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

Utilities

Item	Vinton	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.
Montvale, VA	486	91	9.0%
Roanoke, VA	99,122	92	7.9%
Boones Mill, VA	149	93	6.6%
Hollins, VA	15,113	98	2.1%
Blue Ridge, VA	3,169	98	1.6%
Vinton, VA	8,102	93	7.2%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Eden Isle, LA	8,103	110	10.3%
Topanga, CA	8,098	242	141.9%
Irondale, GA	8,107	90	10.0%
North Bay Village, FL	8,108	127	26.9%
Oroville East, CA	8,093	120	20.3%
Vinton, VA	8,102	93	7.2%

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 Vinton, VA