Cost of Living in Big Stone Gap, VA

Population 5,193 · Virginia · Data vintage 2023

58
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Big Stone Gap sits on the smaller end of the Virginia city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible. Around 23% of residents live below the federal poverty line, a rate that tends to correlate with the income and housing figures above.

Big Stone Gap lies roughly 90 miles northeast of the nearest major metro, Knoxville — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 21% lower than Knoxville's $214,000.

Cost Overview

Housing 56
Rent 63

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

About the Cost of Living in Big Stone Gap

The median home value in Big Stone Gap is $169,900 — 44% below the national median of $305,000. Median rent runs $823/month, 37% lower than the national median of $1,314/month. The median household income of $51,059/year is 32% lower than the US median of $74,580. The local unemployment rate is 7.5%, 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 68.2°F and lows of 44.9°F, with about 9.2" of annual snowfall. Overall, Big Stone Gap has a cost of living index of 58 versus the US average of 100, meaning it is 42% less expensive.

🏠 Housing

Median Home Value
$169,900
44% below avg
Zillow Home Value
$138,554
Zillow ZHVI
Median Rent
$823/mo
37% below avg
Price-to-Rent Ratio
17.2x
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 62.0%
Renter-occupied 38.0%

💰 Estimated Monthly Budget

Rent median rent
$823
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,437/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
21.6 min
20% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
6.1%

Commute Mode

Drove alone
76.7%
Carpooled
7.6%
Walked
8.1%
Work from home
6.1%

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
$51,059
32% below avg
Per Capita Income
$21,768
Unemployment Rate
7.5%
56% above avg
Poverty Rate
23.3%
Labor Force Participation
36.2%

🎓 Education

Bachelor's degree+ 11.8%
Graduate degree 7.0%

👥 Demographics

Median Age 41.1
Male median age 37.2
Female median age 45.9

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
68.2°F
Avg Low
44.9°F
Annual Precip
44"
Annual Snowfall
9.2"
20° 38° 55° 73° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 475159697784868681705950
Low °F 262935435261656356443429
Precip" 3.653.813.963.793.823.925.003.762.842.523.143.76
Snow" 3.03.01.10.10.00.00.00.00.00.00.31.7

Frequently Asked Questions

What is the cost of living in Big Stone Gap, VA?

Big Stone Gap has a cost index of 58 (100 = national average). It is 42% below the national average.

What is average rent in Big Stone Gap, VA?

The median gross rent in Big Stone Gap is $823 per month based on 2023 Census data.

What is the average home price in Big Stone Gap?

The median home value in Big Stone Gap is $169,900 according to Zillow and Census data.

What is the median income in Big Stone Gap?

The median household income in Big Stone Gap is $51,059 per year (2023 ACS 5-year estimates).

What is the sales tax in Big Stone Gap, VA?

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

Is Big Stone Gap, VA affordable?

Yes, Big Stone Gap is generally considered affordable, with a cost of living index of 58 — about 42% below the US national average of 100.

What is the weather like in Big Stone Gap?

Big Stone Gap has average high temperatures of 68.2°F and average lows of 44.9°F. Annual precipitation is 44". Average annual snowfall is 9.2". Data from NOAA 1991–2020 Climate Normals.

Big Stone Gap at a Glance

Population
5,193
Median Income
$51,059
Home Value
$169,900
Median Rent
$823/mo
Unemployment
7.5%
Avg High Temp
68.2°F
Sales Tax
5.6%
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🗺️ County data for Virginia

Explore county-level cost of living data

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