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Cost of Living in Wise County, VA

Population 35,448 · Census ACS 2020–2024 5-year estimates

Median rent$790
Median home value$118,600
Median household income$52,943

The median rent in Wise County, VA is $790/month, 50% lower than the Virginia median and 44% lower than the U.S. median. The median home value is $118,600, 64% lower than the national median. Households earn a median of $52,943 a year, 43% lower than the state median.

Affordability

Rent as a share of median income: 17.9%
Income needed for median rent (30% rule): $31,600/yr
Home price-to-income ratio: 2.2×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $600/mo

Run your own numbers: mortgage calculator · hourly to salary

Wise County vs. Virginia vs. U.S.

Wise CountyVirginiaU.S.
Median rent$790$1,579$1,413
Median home value$118,600$383,700$332,700
Median household income$52,943$93,170$80,734
Homeownership rate74.2%67.3%65.2%
Bachelor's degree or higher15.8%42.2%35.7%
Poverty rate17.2%9.9%12.5%
Unemployment rate8.2%4.3%5.2%
Work from home10.7%18.3%15.1%
Median age41.839.038.9

FAQ

What is the average rent in Wise County, VA?

The median gross rent in Wise County, VA is $790 per month (ACS 2020–2024 5-year estimate).

How much do I need to earn to live in Wise County, VA?

Using the common 30% rule, renting a median-priced home takes about $31,600 a year in gross income.

Is Wise County, VA expensive to live in?

Rent there is 44% lower than the U.S. median, and the median home costs about 2.2 times the median household income.

Other counties in Virginia

Fairfax County, VARent $2,276 · Income $153,637Prince William County, VARent $2,067 · Income $131,402Virginia Beach city, VARent $1,714 · Income $92,968Loudoun County, VARent $2,386 · Income $181,765Chesterfield County, VARent $1,629 · Income $101,931Henrico County, VARent $1,541 · Income $88,783

Counties with a similar cost of living

Fayette County, WVRent $788 · Income $53,194Tippah County, MSRent $790 · Income $52,542Geneva County, ALRent $784 · Income $52,771Berrien County, GARent $782 · Income $52,876Abbeville County, SCRent $799 · Income $52,935Emanuel County, GARent $783 · Income $52,772

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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