Cost of Living in Altavista, VA

Population 3,356 · Virginia · Data vintage 2023

53
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Household incomes in Altavista run well below national norms — a median of $45,962 versus the $74,580 US figure. Housing costs partially offset that gap (typical home values around $135,000). At 10.9%, the local unemployment rate runs well above the US figure, pointing to structural rather than cyclical labor-market issues.

Altavista lies roughly 75 miles northeast of the nearest major metro, Greensboro — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 39% lower than Greensboro's $221,000.

Cost Overview

Housing 44
Rent 67

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Altavista

The median home value in Altavista is $135,000 — 56% below the national median of $305,000. Median rent runs $878/month, 33% lower than the national median of $1,314/month. The median household income of $45,962/year is 38% lower than the US median of $74,580. The local unemployment rate is 10.9%, above the national average of 4.8%. Virginia's top state income tax rate is 5.8% and the combined sales tax is 5.6%. The climate averages highs of 67.4°F and lows of 45.0°F, with about 11.6" of annual snowfall. Overall, Altavista has a cost of living index of 53 versus the US average of 100, meaning it is 47% less expensive.

🏠 Housing

Median Home Value
$135,000
56% below avg
Zillow Home Value
$313,965
Zillow ZHVI
Median Rent
$878/mo
33% below avg
Price-to-Rent Ratio
12.8x
Favors buying
Property Tax Rate
0.8%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$970
1 BR
$989
2 BR
$1,200
3 BR
$1,645
4 BR
$1,885
Owner-occupied 61.9%
Renter-occupied 38.1%

💰 Estimated Monthly Budget

Rent median rent
$878
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,492/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
25.8 min
4% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
10.2%

Commute Mode

Drove alone
83.9%
Carpooled
6.0%
Work from home
10.2%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax 5.8%
Total Sales Tax 5.6%
State rate 4.3%
Avg local rate 1.3%
Property Tax 0.8%

💼 Income & Employment

Median Household Income
$45,962
38% below avg
Per Capita Income
$32,099
Unemployment Rate
10.9%
126% above avg
Poverty Rate
14.5%
Labor Force Participation
60.5%

🎓 Education

Bachelor's degree+ 22.9%
Graduate degree 5.2%

👥 Demographics

Median Age 41.3
Male median age 41
Female median age 43.9

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
67.4°F
Avg Low
45.0°F
Annual Precip
42.8"
Annual Snowfall
11.6"
20° 38° 55° 73° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 465058697683878579695849
Low °F 262835445361656457453529
Precip" 3.462.913.763.453.983.824.193.223.963.123.393.50
Snow" 3.53.62.40.10.00.00.00.00.00.00.02.0

Frequently Asked Questions

What is the cost of living in Altavista, VA?

Altavista has a cost index of 53 (100 = national average). It is 47% below the national average.

What is average rent in Altavista, VA?

The median gross rent in Altavista is $878 per month based on 2023 Census data.

What is the average home price in Altavista?

The median home value in Altavista is $135,000 according to Zillow and Census data.

What is the median income in Altavista?

The median household income in Altavista is $45,962 per year (2023 ACS 5-year estimates).

What is the sales tax in Altavista, VA?

The combined state and local sales tax rate in Altavista is 5.6%. The Virginia state income tax top rate is 5.8%.

Is Altavista, VA affordable?

Yes, Altavista is generally considered affordable, with a cost of living index of 53 — about 47% below the US national average of 100.

What is the weather like in Altavista?

Altavista has average high temperatures of 67.4°F and average lows of 45.0°F. Annual precipitation is 42.8". Average annual snowfall is 11.6". Data from NOAA 1991–2020 Climate Normals.

Altavista at a Glance

Population
3,356
Median Income
$45,962
Home Value
$135,000
Median Rent
$878/mo
Unemployment
10.9%
Avg High Temp
67.4°F
Sales Tax
5.6%
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