Cost of Living in Independence, VA

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12%
Overall NAT. AVG.
3%
Groceries NAT. AVG.
46%
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 Independence Virginia National
Cost of living88111100
Groceries103103100
Health care104103100
Housing54129100
Transportation102105100
Utilities104104100
Lifestyle & Entertainment100103100
Household Items103102100
Education & Childcare103109100
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Homes For Sale In Independence, VA

property for sale

520 Rimrock Ln

Independence, VA
property for sale

4251 Riverside Dr

Independence, VA
property for sale

6990 Wilson Hwy

Independence, VA
property for sale

209 Bond Ave

Independence, VA

Cost Of Living Quick Facts

  • The cost of living in Independence is 21% lower than the Virginia average
  • The cost of living in Independence is 12% lower than the national average
  • Independence housing is 46% 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 Independence

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Compare Independence, VA Cost of Living

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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$84,362$7,030$1,968$2,531
      Renters$35,486$2,957$828$1,065

      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.
      Ivanhoe, VA5278317.1%
      Galax, VA6,6128911.2%
      Fries, VA5148911.0%
      Sugar Grove, VA8588514.8%
      Sparta, NC1,9529010.1%
      Independence, VA1,1308811.7%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Scanlon, MN1,1301044.0%
      Kenesaw, NE1,1308811.7%
      North Randall, OH1,1308712.6%
      Joseph, OR1,1301088.1%
      Alvord, TX1,1309010.5%
      Independence, VA1,1308811.7%
      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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