Cost of Living in Gainesville, VA

Housing

The housing market plays a significant role in determining the cost of living in Gainesville, VA.

• Housing Index: 110.0 / 100
• Median Home Price is: $525000
• Average Rent (2 BR Apartment): $1800 per month
• Average Rent (2 BR House): $2000 per month

Considering a move to Gainesville, VA? With a housing index of 110.0, the market appears to be more expensive than the national average. The median home price stands at 525000, which reflects a peak in property values. Furthermore, the average rent for a 2-bedroom apartment is 1800 and for a house is 2000. If affordability is key, assessing housing trends and local amenities can provide beneficial insights. Remember, living in a more costly area may also offer unique lifestyle advantages worth considering.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Gainesville, 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.): $250 per month

Living in Gainesville, 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 250 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 Bethlehem is a financially viable option for your relocation.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 102.4

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $163942

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

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Summary

When considering a move to Gainesville, VA, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.