Housing costs in Roanoke?
A typical home costs
$132,800, which is 60.7% less expensive than the national average of
$338,100 and 61.3% less expensive than the average Virginia home, at
$343,200. Renting a two-bedroom unit in Roanoke costs
$1,010 per month, which is 27.9% cheaper than the national average of
$1,400 and 3.0% more than the state average of
$980.
Can I afford Roanoke?
To live comfortably in Roanoke (zip 24016), Virginia, a minimum annual income of
$25,560 for a family, and
$32,800 for a single person is recommended.
What does A.I. say about Roanoke?
The cost of living in 24016 Roanoke, VA is quite low compared to other areas of the country. The median home price in Roanoke is around $175,000, which is much lower than the national median of $200,000. The median rent for a two-bedroom apartment is around $850 per month, while the average utility costs are around $150 per month. Groceries and other necessities are generally cheaper than most places, making it a great place to live on a budget. Overall, the cost of living in 24016 Roanoke, VA is quite affordable and makes it an ideal place to settle down and enjoy life without breaking the bank.