Cost of Living in Wise, VA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
75.1
100 = national avg
-24.9 vs national average
Living Wage (1 Adult)
$33,023
per year
Living Wage (Family of 4)
$78,054
per year
Cost Index by Category
Housing71.5
Food83.8
Transportation67.6
Healthcare87.0
Utilities84.6
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 Wise is 75.1, which is 24.9% below the national average. Housing costs are below the national average at an index of 71.5. A single adult needs to earn approximately $33,023 per year to cover basic expenses.