Cost of Living in Ferrum, VA

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13%
Overall NAT. AVG.
3%
Groceries NAT. AVG.
50%
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 Ferrum Virginia National
Cost of living87111100
Groceries103103100
Health care102103100
Housing50129100
Transportation103105100
Utilities104104100
Lifestyle & Entertainment105103100
Household Items104102100
Education & Childcare103109100
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Homes For Sale In Ferrum, VA

property for sale

17500 Franklin St

Ferrum, VA
property for sale

0 Carver Lee Rd

Ferrum, VA
property for sale

175 Haw Patch Rd

Ferrum, VA
property for sale

1023 Union Bridge Rd

Ferrum, VA

Cost Of Living Quick Facts

  • The cost of living in Ferrum is 21% lower than the Virginia average
  • The cost of living in Ferrum is 13% lower than the national average
  • Ferrum housing is 50% 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 Ferrum

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      Utilities index
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      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$68,480$5,707$1,598$2,055
      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%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Collinsville, VA7,1989010.2%
      Oak Level, VA4829010.1%
      Bassett, VA923909.8%
      Henry Fork, VA1,171927.6%
      Stanleytown, VA1,290927.6%
      Ferrum, VA2,2028712.6%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Kahoka, MO2,2028118.5%
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      Chouteau, OK2,2028515.2%
      Upper Miramichi, NB2,202n/a 
      Pleasantville, IA2,2019010.1%
      Ferrum, VA2,2028712.6%
      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.
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