Cost of Living in Hot springs, VA
Housing
The housing market plays a significant role in determining the cost of living in Hot springs, VA.
- Housing Index: Data is updating
- Median Home Price is: $200,000
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
Considering your interest in Hot springs, VA, the housing index stands at 0.0, which indicates a unique market condition likely unfavorable for sizable investor interest. The median home price is set at 200000, making homeownership a feasible option. However, with both the average rent for a 2BR apartment at 0.0 and for a 2BR house at 0.0 at zero, this suggests a potential inaccessibility in rental options. Hence, moving to this area may bring valuable home purchase opportunities, but it could also necessitate a deeper analysis of rental viability.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Hot springs, VA.
- Electricity Price: $15.31 USD (median by state)
- Natural Gas Price: $19.91 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): Data is updating
Living in Hot springs, VA could entail higher utility costs. Electricity costs sit at $15.31, while natural gas is priced at $19.91 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about data unavailable monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Hot springs is a financially viable option for your relocation.