Cost of Living in Iron Gate, VA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
75.7
100 = national avg
-24.3 vs national average
Living Wage (1 Adult)
$33,291
per year
Living Wage (Family of 4)
$78,689
per year
Cost Index by Category
Housing44.2
Food95.9
Transportation91.7
Healthcare96.7
Utilities86.4
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$778
per month
2 Bedroom
$914
per month
The overall cost of living index in Iron Gate is 75.7, which is 24.3% below the national average. Housing costs are below the national average at an index of 44.2. A single adult needs to earn approximately $33,291 per year to cover basic expenses.