Blacksburg, VA

Living costs in Blacksburg land close to the national average, with a Cost Index of 110 (where 100 = the US baseline). Housing is the largest variable: the median home value here is $412,402, and typical monthly rents run around $1,290. Groceries and utilities are in line with what you would find in most US cities.

Start with housing. Typical monthly rent is $1,290, while local median household income is $48,070. That implies a rent-burden proxy of about 32% before utilities and other costs. For a specific job offer, filing status, or take-home pay scenario, use salary.city.

Virginia has a progressive state income tax with a top rate of 5.75%. The effective property tax rate is 0.82%. On a home worth $412,402, that translates to roughly $3,382 per year in property taxes. Sales tax (state + local) averages around 5.75% on everyday purchases.

The typical monthly rent in Blacksburg is around $1,290. That's close to the $1,348 national median. For comparison, the median home value here is $412,402, so buyers should also factor in mortgage payments, property taxes, and insurance.

The median home in Blacksburg is valued at $412,402. With 20% down and a 6.5% mortgage rate, you'd be looking at roughly $2,085/month for principal and interest alone — before property taxes and insurance. About 34% of residents here own their homes.

Grocery prices in Blacksburg are about average compared to the rest of the US (index: 97, where 100 is the national average). Utility bills (electricity, gas, water) are below average (index: 88). Overall, these everyday costs shouldn't cause major surprises if you're moving from another similarly-sized US city.

Blacksburg is a smaller city with a population of about 45,288. The median age of residents is 21.9, skewing younger — often a sign of a college town or fast-growing area. The local poverty rate is 42.77%, above the national average of 12.4%.