Cost of Living in Cave Spring, VA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
128.2
100 = national avg
+28.2 vs national average
Living Wage (1 Adult)
$56,416
per year
Living Wage (Family of 4)
$133,346
per year
Cost Index by Category
Housing139.7
Food115.2
Transportation130.4
Healthcare112.2
Utilities117.1
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,053
per month
2 Bedroom
$1,254
per month
The overall cost of living index in Cave Spring is 128.2, which is 28.2% above the national average. Housing costs are above the national average at an index of 139.7. A single adult needs to earn approximately $56,416 per year to cover basic expenses.