Cost of Living in Martinsville city, VA
Population 13,658 · Census ACS 2020–2024 5-year estimates
The median rent in Martinsville city, VA is $808/month, 49% lower than the Virginia median and 43% lower than the U.S. median. The median home value is $98,400, 70% lower than the national median. Households earn a median of $46,727 a year, 50% lower than the state median.
Affordability
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Martinsville city vs. Virginia vs. U.S.
| Martinsville city | Virginia | U.S. | |
|---|---|---|---|
| Median rent | $808 | $1,579 | $1,413 |
| Median home value | $98,400 | $383,700 | $332,700 |
| Median household income | $46,727 | $93,170 | $80,734 |
| Homeownership rate | 55.4% | 67.3% | 65.2% |
| Bachelor's degree or higher | 22.1% | 42.2% | 35.7% |
| Poverty rate | 23.5% | 9.9% | 12.5% |
| Unemployment rate | 2.9% | 4.3% | 5.2% |
| Work from home | 10.0% | 18.3% | 15.1% |
| Median age | 38.4 | 39.0 | 38.9 |
FAQ
What is the average rent in Martinsville city, VA?
The median gross rent in Martinsville city, VA is $808 per month (ACS 2020–2024 5-year estimate).
How much do I need to earn to live in Martinsville city, VA?
Using the common 30% rule, renting a median-priced home takes about $32,320 a year in gross income.
Is Martinsville city, VA expensive to live in?
Rent there is 43% lower than the U.S. median, and the median home costs about 2.1 times the median household income.
Other counties in Virginia
Counties with a similar cost of living
Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
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