Housing costs in Roanoke?
A typical home costs
$194,400, which is 42.5% less expensive than the national average of
$338,100 and 43.4% less expensive than the average Virginia home, at
$343,200. Renting a two-bedroom unit in Roanoke costs
$960 per month, which is 31.4% cheaper than the national average of
$1,400 and 2.1% cheaper than the state average of
$980.
Can I afford Roanoke?
To live comfortably in Roanoke (zip 24012), Virginia, a minimum annual income of
$37,080 for a family, and
$30,800 for a single person is recommended.
What does A.I. say about Roanoke?
The cost of living in 24012 Roanoke, VA is quite affordable. The median home price is quite low compared to the national average and the median household income is also quite a bit lower than the national average. This means that residents of Roanoke have more buying power and are able to stretch their money further when shopping for groceries, clothing or other items. Prices for utilities, healthcare and transportation are all below the national average as well, making it a great place to live for those looking for an affordable lifestyle.