Cost of Living in Martinsville, VA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
72.7
100 = national avg
-27.3 vs national average
Living Wage (1 Adult)
$32,000
per year
Living Wage (Family of 4)
$75,637
per year
Cost Index by Category
Housing68.5
Food82.4
Transportation64.9
Healthcare85.9
Utilities83.2
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$753
per month
2 Bedroom
$914
per month
The overall cost of living index in Martinsville is 72.7, which is 27.3% below the national average. Housing costs are below the national average at an index of 68.5. A single adult needs to earn approximately $32,000 per year to cover basic expenses.