Cost of Living in Roanoke city, VA

What does it cost to live in Roanoke city? Income, housing, and affordability breakdown.

Median Income

$51,523

Median Rent

$917/mo

Median Home

$162,000

Affordability

423

Housing Cost Breakdown

Owning (20% down, 6.5%)

Mortgage (P&I)$819
Property Tax$143
Insurance$54

Total Monthly$1,016
% of Income23.7%

Renting

Median Rent$917
Renter's Insurance$25

Total Monthly$942
% of Income21.4%

Living in Roanoke city, Virginia

Roanoke city has a median household income of $51,523 with housing costs that represent 23.7% of income for owners and 21.4% for renters. Housing costs are within the recommended 30% of income threshold.

The affordability index of 423 (100 = median income perfectly covers median housing costs) gives a quick snapshot. Use our calculator for a comprehensive comparison across counties, including taxes, utilities, healthcare, and commute costs.

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Other Counties in Virginia

County-level data from U.S. Census Bureau American Community Survey (ACS) 2022 5-Year Estimates. Additional sources: Bureau of Labor Statistics, Bureau of Economic Analysis. Estimates are county-level medians. This is not financial advice.