Cost of Living in Phenix, VA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
77.7
100 = national avg
-22.3 vs national average
Living Wage (1 Adult)
$34,168
per year
Living Wage (Family of 4)
$80,760
per year
Cost Index by Category
Housing67.9
Food88.2
Transportation76.4
Healthcare90.6
Utilities86.5
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$697
per month
2 Bedroom
$914
per month
The overall cost of living index in Phenix is 77.7, which is 22.3% below the national average. Housing costs are below the national average at an index of 67.9. A single adult needs to earn approximately $34,168 per year to cover basic expenses.