Cost Of Living in Farmville, VA

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A+

2%

Overall NAT. AVG.

1%

Groceries NAT. AVG.

4%

Housing NAT. AVG.

Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.

The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index	Farmville	Virginia	National
Cost of living	102	111	100
Groceries	101	103	100
Health care	104	103	100
Housing	96	129	100
Transportation	102	105	100
Utilities	105	104	100
Lifestyle & Entertainment	107	103	100
Household Items	103	102	100
Education & Childcare	110	109	100

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Homes For Sale In Farmville, VA

91 S James Madison Hwy

Farmville, VA

TBD Lot K Briery Way Rd

, VA

0 Briery Way Rd

Farmville, VA

TBD LotK Briery Way Rd

, VA

Cost Of Living Quick Facts

The cost of living in Farmville is 9% lower than the Virginia average
The cost of living in Farmville is 2% higher than the national average
Farmville housing is 4% 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
Groceries index
Health care index
Housing index
Transportation index
Utilities index
Lifestyle index
Household index
Educare index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$109,531	$9,128	$2,556	$3,286
Renters	$45,956	$3,830	$1,072	$1,379

A good indicator of the general affordability of housing in Farmville, 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 Farmville, the median monthly income is $109,531 for those who own their own homes. Under the standard rule, that income level would allow for $2,556 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $45,956, per the median income in the area. That would allow for renters to spend up to $1,072 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%

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Burkeville, VA	464	90	10.4%
Crewe, VA	2,563	92	7.6%
Cumberland, VA	297	95	5.5%
Hampden-Sydney, VA	1,736	99	1.3%
Farmville, VA	8,368	102	1.6%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Ludington, MI	8,370	90	9.8%
Macdonald, MB	8,365	n/a
London, KY	8,371	88	11.6%
Madison Park, NJ	8,371	125	25.3%
Summit Park, UT	8,374	176	76.4%
Farmville, VA	8,368	102	1.6%