Cost Of Living in Wytheville, VA

A+

8%

Overall NAT. AVG.

1%

Goods & Services NAT. AVG.

20%

Housing NAT. AVG.

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

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	Wytheville	Virginia	National
Cost of living	92	109	100
Goods & Services	100	100	100
Groceries	98	101	100
Health care	92	99	100
Housing	80	130	100
Transportation	89	95	100
Utilities	94	104	100

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Cost Of Living Quick Facts

The cost of living in Wytheville is 16% lower than the Virginia average
The cost of living in Wytheville is 8% lower than the national average
Wytheville housing is 20% lower than the national average
Virginia general sales tax is 4% higher than the national average
Virginia state income tax is 11% 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	$76,553	$6,379	$1,786	$2,297
Renters	$30,450	$2,538	$710	$914

The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Wytheville, VA, as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Wytheville homeowners, is $76,553. This would allow for a maximum of $1,786 per month to be spent on housing costs. For renters, the median monthly income is $30,450 which would result in a maximum of $710 to be spent on rental costs.

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	Wytheville	National avg.	Difference
Haircut	$27.83	$24.26	14.7%
Beauty Salon	$59.17	$45.56	29.9%
Toothpaste	$4.10	$3.70	10.8%
Shampoo	$1.72	$1.28	34.3%
Movie	$15.61	$12.13	28.7%
Bowling	$27.24	$18.00	51.4%

Groceries

Item	Wytheville	National avg.	Difference
Ground Beef	$5.67	$5.84	2.8%
Fried Chicken	$1.41	$1.57	10.4%
Milk	$4.83	$4.67	3.4%
Potatoes	$5.33	$4.93	8.0%
Pizza	$12.62	$12.09	4.4%
Beer	$11.14	$10.41	7.0%

Health Care

Item	Wytheville	National avg.	Difference
Optometrist	$130.89	$125.68	4.1%
Doctor	$159.79	$135.78	17.7%
Dentist	$125.44	$113.29	10.7%
Ibuprofen	$11.37	$10.65	6.7%
Lipitor	$460.80	$468.60	1.7%

Housing

Item	Wytheville	National avg.	Difference
Home Price	$162,500.00	$184,700.00	12.0%
Avg. Mortgage Payment	$4,632.77	$2,346.69	97.4%
Apartment Rent	$585.00	$949.00	38.4%

Transportation

Item	Wytheville	National avg.	Difference
Gasoline	$3.51	$3.46	1.3%
Tire Balancing	$80.00	$59.92	33.5%

Utilities

Item	Wytheville	National avg.	Difference
All Electricity	$200.62	$193.99	3.4%
Phone	$184.83	$192.25	3.9%

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.
Ivanhoe, VA	514	78	21.7%
Bland, VA	313	85	14.9%
Fort Chiswell, VA	792	86	14.0%
Rural Retreat, VA	1,685	88	12.2%
Max Meadows, VA	406	107	6.9%
Wytheville, VA	7,925	92	8.5%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Camp Hill, PA	7,926	108	8.5%
West Dundee, IL	7,923	118	17.5%
Bellevue, OH	7,928	89	11.4%
St. Johns, MI	7,920	88	12.4%
Gold River, CA	7,930	158	57.7%
Wytheville, VA	7,925	92	8.5%