Housing costs in Oakwood?
A typical home costs
$67,700, which is 80.0% less expensive than the national average of
$338,100 and 80.3% less expensive than the average Virginia home, at
$343,200. Renting a two-bedroom unit in Oakwood costs
$720 per month, which is 49.7% cheaper than the national average of
$1,430 and 94.4% cheaper than the state average of
$1,400.
Can I afford Oakwood?
To live comfortably in Oakwood (zip 24631), Virginia, a minimum annual income of
$12,960 for a family, and
$25,200 for a single person is recommended.
What does A.I. say about Oakwood?
24631 Oakwood, VA offers an affordable cost of living. According to BestPlaces, the cost of living index for the area is 82.15, which is lower than the national average. Housing costs in particular are very reasonable, with an average rental price for a one bedroom apartment coming in at around $833 per month and home prices averaging around $144,000. Groceries and restaurant meals are also very reasonably priced compared to the rest of Virginia and the US as a whole. Overall, 24631 Oakwood is an excellent option for those looking to live in a city with an affordable cost of living.