Cost of Living in Madison Heights, VA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
93.2
100 = national avg
-6.8 vs national average
Living Wage (1 Adult)
$40,994
per year
Living Wage (Family of 4)
$96,896
per year
Cost Index by Category
Housing86.5
Food97.9
Transportation95.9
Healthcare98.4
Utilities96.1
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 Madison Heights is 93.2, which is 6.8% below the national average. Housing costs are below the national average at an index of 86.5. A single adult needs to earn approximately $40,994 per year to cover basic expenses.