Cost of Living in Radford, VA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
92.0
100 = national avg
-8.0 vs national average
Living Wage (1 Adult)
$40,493
per year
Living Wage (Family of 4)
$95,710
per year
Cost Index by Category
Housing103.7
Food90.3
Transportation75.8
Healthcare92.3
Utilities94.9
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$993
per month
2 Bedroom
$1,271
per month
The overall cost of living index in Radford is 92.0, which is 8.0% below the national average. Housing costs are above the national average at an index of 103.7. A single adult needs to earn approximately $40,493 per year to cover basic expenses.