Cost of Living in Cloverdale, VA

Population 3,095 · Virginia · Data vintage 2023

94
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Under 25,000 residents gives Cloverdale a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $338,000.

Cloverdale lies roughly 85 miles north 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 53% higher than Greensboro's $221,000.

Cost Overview

Housing 111
Rent 68

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

About the Cost of Living in Cloverdale

The median home value in Cloverdale is $338,000 — 11% above the national median of $305,000. Median rent runs $889/month, 32% lower than the national median of $1,314/month. The median household income of $71,929/year is 4% lower than the US median of $74,580. The local unemployment rate is 3.2%, 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, Cloverdale has a cost of living index of 94 versus the US average of 100, meaning it is 6% less expensive.

🏠 Housing

Median Home Value
$338,000
11% above avg
Zillow Home Value
$117,744
Zillow ZHVI
Median Rent
$889/mo
32% below avg
Price-to-Rent Ratio
31.7x
Favors renting
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 72.2%
Renter-occupied 27.8%

💰 Estimated Monthly Budget

Rent median rent
$889
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,503/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
20.0 min
26% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
9.7%

Commute Mode

Drove alone
80.5%
Carpooled
8.3%
Work from home
9.7%

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
$71,929
4% below avg
Per Capita Income
$46,278
Unemployment Rate
3.2%
33% below avg
Poverty Rate
5.0%
Labor Force Participation
61.7%

🎓 Education

Bachelor's degree+ 17.7%
Graduate degree 10.6%

👥 Demographics

Median Age 54.7
Male median age 58.1
Female median age 54.2

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
68.5°F
Avg Low
47.6°F
Annual Precip
42.8"
Annual Snowfall
14.8"
20° 38° 55° 73° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 475159707784888780705950
Low °F 293138465563676659483832
Precip" 3.172.893.513.494.314.664.283.374.062.963.043.08
Snow" 4.34.82.30.10.00.00.00.00.00.00.13.2

Frequently Asked Questions

What is the cost of living in Cloverdale, VA?

Cloverdale has a cost index of 94 (100 = national average). It is 6% below the national average.

What is average rent in Cloverdale, VA?

The median gross rent in Cloverdale is $889 per month based on 2023 Census data.

What is the average home price in Cloverdale?

The median home value in Cloverdale is $338,000 according to Zillow and Census data.

What is the median income in Cloverdale?

The median household income in Cloverdale is $71,929 per year (2023 ACS 5-year estimates).

What is the sales tax in Cloverdale, VA?

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

Is Cloverdale, VA affordable?

Cloverdale is near the national average in terms of cost of living, with an index of 94 (100 = US average).

What is the weather like in Cloverdale?

Cloverdale 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.

Cloverdale at a Glance

Population
3,095
Median Income
$71,929
Home Value
$338,000
Median Rent
$889/mo
Unemployment
3.2%
Avg High Temp
68.5°F
Sales Tax
5.6%
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Explore county-level cost of living data

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