Cost Of Living in Wise, 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	Wise	Virginia	National
Cost of living	84	109	100
Goods & Services	93	100	100
Groceries	95	101	100
Health care	88	99	100
Housing	63	130	100
Transportation	82	95	100
Utilities	99	104	100

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Cost Of Living Quick Facts

The cost of living in Wise is 23% lower than the Virginia average
The cost of living in Wise is 16% lower than the national average
Wise housing is 37% 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	$52,197	$4,350	$1,218	$1,566
Renters	$34,957	$2,913	$816	$1,049

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	Wise	National avg.	Difference
Haircut	$23.91	$24.26	1.4%
Beauty Salon	$45.13	$45.56	0.9%
Toothpaste	$3.58	$3.70	3.4%
Shampoo	$1.19	$1.28	7.3%
Movie	$14.09	$12.13	16.1%
Bowling	$19.33	$18.00	7.4%

Groceries

Item	Wise	National avg.	Difference
Ground Beef	$6.20	$5.84	6.1%
Fried Chicken	$1.66	$1.57	5.3%
Milk	$4.67	$4.67	0.0%
Potatoes	$5.02	$4.93	1.7%
Pizza	$11.91	$12.09	1.5%
Beer	$9.97	$10.41	4.2%

Health Care

Item	Wise	National avg.	Difference
Optometrist	$87.33	$125.68	30.5%
Doctor	$108.51	$135.78	20.1%
Dentist	$96.95	$113.29	14.4%
Ibuprofen	$10.49	$10.65	1.5%
Lipitor	$471.32	$468.60	0.6%

Housing

Item	Wise	National avg.	Difference
Home Price	$113,800.00	$184,700.00	38.4%
Avg. Mortgage Payment	$1,808.85	$2,346.69	22.9%
Apartment Rent	$628.00	$949.00	33.8%

Transportation

Item	Wise	National avg.	Difference
Gasoline	$3.08	$3.46	10.9%
Tire Balancing	$51.47	$59.92	14.1%

Utilities

Item	Wise	National avg.	Difference
All Electricity	$161.17	$193.99	16.9%
Phone	$192.18	$192.25	0.0%

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.
Payne Gap, KY	588	92	7.5%
Millstone, KY	473	92	7.5%
Jenkins, KY	1,815	74	26.5%
Clinchco, VA	236	76	24.1%
Appalachia, VA	1,400	76	23.6%
Wise, VA	2,954	84	16.4%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Groveville, NJ	2,953	119	19.5%
Allendale, SC	2,953	75	25.0%
Edgewood, FL	2,955	108	7.8%
Shenandoah, TX	2,955	115	15.0%
Greensboro, AL	2,956	79	20.6%
Wise, VA	2,954	84	16.4%

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 Wise, VA