Cost of Living in Parksley, VA
Housing
The housing market plays a significant role in determining the cost of living in Parksley, VA.
- Housing Index: 115.5 / 100
- Median Home Price is: $215,000
- Average Rent (2 BR Apartment): $1600 per month
- Average Rent (2 BR House): $1645 per month
Considering your move to Parksley, VA, with a housing index of 115.5, it's important to note that the median home price stands at 215000. This indicates that housing is slightly above the national average, potentially impacting affordability. The average monthly rent for a 2-bedroom apartment is ${average_rent_2br_apartment}, while renting a 2-bedroom house is ${average_rent_2br_house}. These figures suggest that while buying property could be a solid long-term investment, renting might offer more flexibility in the short term. Remember to consider local job markets and amenities before making your decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Parksley, 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 Parksley, 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 Parksley is a financially viable option for your relocation.