Cost of Living in Big Island, VA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
67.8
100 = national avg
-32.2 vs national average
Living Wage (1 Adult)
$29,824
per year
Living Wage (Family of 4)
$70,492
per year
Cost Index by Category
Housing61.8
Utilities88.6
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 Big Island is 67.8, which is 32.2% below the national average. Housing costs are below the national average at an index of 61.8. A single adult needs to earn approximately $29,824 per year to cover basic expenses.