Cost of Living Analytics

Cost of Living / Roanoke, VA Metro

Cost of Living in Roanoke, VA Metro

Official metro name: Roanoke, VA Metro Area

Roanoke, VA Metro has a population of 314,708. Median household income is $65,687 and median rent is $949 per month. Rent is roughly 17.3% of median monthly income.

State: VAPopulation: 314,708Income: $65,687Rent: $949Affordability: Affordable (17.3%)
Median Household Income
$65,687
Annual (ACS median)
Median Rent
$949
Monthly (ACS median gross rent)
Rent as % of Income
17.3%
rent ÷ (income/12)
Cost Index
88
Simplified relative index

Is Roanoke, VA Metro expensive?

Based on median rent and income, Roanoke, VA Metro has a Affordable rent burden. Median rent is $949, which is about 17.3% of median monthly household income.

Average rent in Roanoke, VA Metro

Median rent (ACS) is $949 per month. (Neighborhoods vary widely.)

How much income do you need in Roanoke, VA Metro?

Median household income (ACS) is $65,687 per year. Housing costs take a bigger share of income when rent burden is high.

Other metros in VA

Compare Roanoke, VA Metro with nearby metros:

Data sources

  • US Census Bureau American Community Survey (ACS).
  • Affordability metric: median rent ÷ (median household income / 12).
  • Figures are metro-level medians; local variation is expected.