Cost of Living in Hot Springs, VA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
123.6
100 = national avg
+23.6 vs national average
Living Wage (1 Adult)
$54,382
per year
Living Wage (Family of 4)
$128,538
per year
Cost Index by Category
Housing117.4
Food127.9
Transportation104.5
Healthcare122.3
Utilities120.2
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$801
per month
2 Bedroom
$977
per month
The overall cost of living index in Hot Springs is 123.6, which is 23.6% above the national average. Housing costs are above the national average at an index of 117.4. A single adult needs to earn approximately $54,382 per year to cover basic expenses.