Cost of Living in Hopewell, VA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
90.1
100 = national avg
-9.9 vs national average
Living Wage (1 Adult)
$39,649
per year
Living Wage (Family of 4)
$93,716
per year
Cost Index by Category
Housing104.0
Food87.2
Transportation74.4
Healthcare89.8
Utilities93.1
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,507
per month
2 Bedroom
$1,655
per month
The overall cost of living index in Hopewell is 90.1, which is 9.9% below the national average. Housing costs are above the national average at an index of 104.0. A single adult needs to earn approximately $39,649 per year to cover basic expenses.