| Index | Hollins | Virginia | National |
| Cost of living | 102 | 111 | 100 |
| Groceries | 103 | 103 | 100 |
| Health care | 102 | 103 | 100 |
| Housing | 98 | 129 | 100 |
| Transportation | 103 | 105 | 100 |
| Utilities | 104 | 104 | 100 |
| Lifestyle & Entertainment | 105 | 103 | 100 |
| Household Items | 104 | 102 | 100 |
| Education & Childcare | 103 | 109 | 100 |
Getting a feel for the cost of living in Hollins is essential for anyone planning to relocate, as it empowers them to make informed financial decisions, secure a comfortable lifestyle and maintain financial stability in their new environment. The cost of living in Hollins is 102, which is 2% higher than the national average. Relocating individuals may need to adjust their savings and investment strategies based on the cost of living in the new location. It influences decisions about retirement planning, investments and financial goals.
Everyday expenditures like food, housing, lifestyle expenses, transportation and health care in Hollins are priced in a manner consistent with other areas. This means that residents of Hollins can anticipate their daily expenses remaining reasonably similar to those in an average city, thereby supporting a manageable cost of living.
Is Hollins an affordable place to live? That's a valid question to ask when you're thinking about moving to a new city. After all, how much it costs to live somewhere can be a huge factor in your decision. Affordability can be broken down into 3 common categories. The cost of living index (we talked about it earlier), housing expenses and income levels all play a big role in figuring out if a place is affordable. For instance, in Hollins, the median home price is 0.4% lower than what most folks pay across the country, and monthly rent prices are 7.1% lower than the usual rates. Income levels in Hollins come in at $102,354, which is 25.8% higher than the national average.
Taxes: Cities that enforce higher taxes, covering both sales taxes and income taxes, can be a factor contributing to a higher cost of living. Paying more in taxes for everyday essentials like clothing and food inevitably leads to higher expenses. A higher income tax rate can further contribute to an overall elevated cost of living. In Hollins, the baseline sales tax rate begins at 5.3%, and income tax rates start at 2%.
Healthcare: Healthcare costs and insurance premiums can fluctuate greatly based on the city or state. Access to healthcare facilities, out-of-pocket expenses for doctor\’s visits, dentist costs, medication costs and specialized care costs can all impact the cost of living. In Hollins, the healthcare costs are 2.3% higher than the national average.
Urbanization: Larger, urban hubs brimming with ample amenities and robust employment opportunities often showcase a heightened cost of living. This surge is primarily attributed to the amplified demand for services and increased residential migration, culminating in elevated home prices and elevated rental rates. Conversely, less densely populated rural locales or regions characterized by reduced demand tend to offer a more limited array of amenities and undergo slower job market growth, ultimately yielding a more affordable cost of living.
The cost of living data for Hollins shown above is based on a U.S. average baseline score of 100, making it easier to compare how far your dollar may go from one city to another. Housing uses U.S. Census home price and rental data, while all remaining values are AI-assisted estimates informed by regional pricing, climate, transportation dynamics, and local economic factors. These scores are best used for directional comparisons between cities.
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| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $110,254 | $9,188 | $2,572 | $3,308 |
| Renters | $41,273 | $3,439 | $963 | $1,238 |
| State | General Sales Tax | With Max Surtax |
| Virginia | 5.3% | 6% |
| State | Income Tax (Low) | Income Tax (High) |
| Virginia | 2% | 5.75% |
| City | Population | Cost of Living Index | National Avg. |
| Lafayette, VA | 840 | 103 | 2.8% |
| Buchanan, VA | 1,214 | 94 | 6.3% |
| Montvale, VA | 502 | 95 | 4.9% |
| Roanoke, VA | 102,987 | 95 | 4.7% |
| Vinton, VA | 8,401 | 97 | 3.2% |
| Hollins, VA | 15,501 | 102 | 1.7% |
| City | Population | Cost of Living Index | National Avg. |
| Hugo, MN | 15,501 | 113 | 13.4% |
| Clearview, ON | 15,502 | n/a | |
| Kenmore, NY | 15,498 | 103 | 3.1% |
| Lockhart, FL | 15,492 | 106 | 5.8% |
| West Haven, UT | 15,511 | 122 | 22.0% |
| Hollins, VA | 15,501 | 102 | 1.7% |
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