Cost of Living in Amherst, VA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
98.0
100 = national avg
-2.0 vs national average
Living Wage (1 Adult)
$43,109
per year
Living Wage (Family of 4)
$101,894
per year
Cost Index by Category
Housing83.7
Food104.5
Transportation109.0
Healthcare103.6
Utilities99.4
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,033
per month
2 Bedroom
$1,187
per month
The overall cost of living index in Amherst is 98.0, which is 2.0% below the national average. Housing costs are below the national average at an index of 83.7. A single adult needs to earn approximately $43,109 per year to cover basic expenses.