Cost of Living in Roanoke city, VA
Population 98,355 · Census ACS 2020–2024 5-year estimates
The median rent in Roanoke city, VA is $996/month, 37% lower than the Virginia median and 30% lower than the U.S. median. The median home value is $190,500, 43% lower than the national median. Households earn a median of $55,378 a year, 41% lower than the state median.
Affordability
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Roanoke city vs. Virginia vs. U.S.
| Roanoke city | Virginia | U.S. | |
|---|---|---|---|
| Median rent | $996 | $1,579 | $1,413 |
| Median home value | $190,500 | $383,700 | $332,700 |
| Median household income | $55,378 | $93,170 | $80,734 |
| Homeownership rate | 52.4% | 67.3% | 65.2% |
| Bachelor's degree or higher | 30.0% | 42.2% | 35.7% |
| Poverty rate | 18.3% | 9.9% | 12.5% |
| Unemployment rate | 5.6% | 4.3% | 5.2% |
| Work from home | 11.8% | 18.3% | 15.1% |
| Median age | 38.3 | 39.0 | 38.9 |
FAQ
What is the average rent in Roanoke city, VA?
The median gross rent in Roanoke city, VA is $996 per month (ACS 2020–2024 5-year estimate).
How much do I need to earn to live in Roanoke city, VA?
Using the common 30% rule, renting a median-priced home takes about $39,840 a year in gross income.
Is Roanoke city, VA expensive to live in?
Rent there is 30% lower than the U.S. median, and the median home costs about 3.4 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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