Cost of Living in Cave Spring, VA
Population 26,014 · Virginia · Data vintage 2023
(100 = US avg)
Most of Cave Spring's cost indicators track within a reasonable band of national figures, with median household incomes near $85,314 — a more representative starting point for relocation math than the headline-expensive or headline-cheap cities on either tail. An unemployment rate of 2.9% points to a labor market well on the tight side of the national distribution.
Geographically, Cave Spring lies roughly 80 miles north of the nearest major metro, Greensboro. Median home values run roughly 34% higher than Greensboro's $221,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Cave Spring
The median home value in Cave Spring is $296,700 — 3% below the national median of $305,000. Median rent runs $1,224/month, 7% lower than the national median of $1,314/month. The median household income of $85,314/year is 14% higher than the US median of $74,580. The local unemployment rate is 2.9%, below 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 68.5°F and lows of 47.6°F, with about 14.8" of annual snowfall. Overall, Cave Spring has a cost of living index of 96 versus the US average of 100, meaning it is 4% less expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 47 | 51 | 59 | 70 | 77 | 84 | 88 | 87 | 80 | 70 | 59 | 50 |
| Low °F | 29 | 31 | 38 | 46 | 55 | 63 | 67 | 66 | 59 | 48 | 38 | 32 |
| Precip" | 3.17 | 2.89 | 3.51 | 3.49 | 4.31 | 4.66 | 4.28 | 3.37 | 4.06 | 2.96 | 3.04 | 3.08 |
| Snow" | 4.3 | 4.8 | 2.3 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 3.2 |
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Cave Spring, VA?
Cave Spring has a cost index of 96 (100 = national average). It is 4% below the national average.
What is average rent in Cave Spring, VA?
The median gross rent in Cave Spring is $1,224 per month based on 2023 Census data.
What is the average home price in Cave Spring?
The median home value in Cave Spring is $296,700 according to 2023 Census ACS data.
What is the median income in Cave Spring?
The median household income in Cave Spring is $85,314 per year (2023 ACS 5-year estimates).
What is the sales tax in Cave Spring, VA?
The combined state and local sales tax rate in Cave Spring is 5.6%. The Virginia state income tax top rate is 5.8%.
Is Cave Spring, VA affordable?
Cave Spring is near the national average in terms of cost of living, with an index of 96 (100 = US average).
What is the weather like in Cave Spring?
Cave Spring has average high temperatures of 68.5°F and average lows of 47.6°F. Annual precipitation is 42.8". Average annual snowfall is 14.8". Data from NOAA 1991–2020 Climate Normals.
Cave Spring at a Glance
- Population
- 26,014
- Median Income
- $85,314
- Home Value
- $296,700
- Median Rent
- $1,224/mo
- Unemployment
- 2.9%
- Avg High Temp
- 68.5°F
- Sales Tax
- 5.6%
Explore county-level cost of living data
Virginia Rankings
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