Cost of Living in West Point, VA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
124.7
100 = national avg
+24.7 vs national average
Living Wage (1 Adult)
$54,875
per year
Living Wage (Family of 4)
$129,704
per year
Cost Index by Category
Housing133.6
Food113.8
Transportation127.6
Healthcare111.0
Utilities115.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,507
per month
2 Bedroom
$1,655
per month
The overall cost of living index in West Point is 124.7, which is 24.7% above the national average. Housing costs are above the national average at an index of 133.6. A single adult needs to earn approximately $54,875 per year to cover basic expenses.