Cost of Living in Farmville, VA

Population 7,613 · Virginia · Data vintage 2023

70
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

At $40,282, median household incomes in Farmville land roughly 46% below the US median, a gap that tends to persist across local labor-market indicators. A poverty rate near 22% adds context to the income figures — well above the US average, and worth factoring into any comparison with cities on the coasts or in the Rockies.

Geographically, Farmville is about 55 miles west of Richmond, the nearest large metro. Median home values run roughly 32% lower than Richmond's $328,000.

Cost Overview

Housing 73
Rent 66

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

About the Cost of Living in Farmville

The median home value in Farmville is $223,700 — 27% below the national median of $305,000. Median rent runs $865/month, 34% lower than the national median of $1,314/month. The median household income of $40,282/year is 46% lower than the US median of $74,580. The local unemployment rate is 3.4%, 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 67.4°F and lows of 45.0°F, with about 11.6" of annual snowfall. Overall, Farmville has a cost of living index of 70 versus the US average of 100, meaning it is 30% less expensive.

🏠 Housing

Median Home Value
$223,700
27% below avg
Zillow Home Value
$255,170
Zillow ZHVI
Median Rent
$865/mo
34% below avg
Zillow Rent
$1,425/mo
Zillow ZORI
Price-to-Rent Ratio
21.6x
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 36.0%
Renter-occupied 64.0%

💰 Estimated Monthly Budget

Rent median rent
$865
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,479/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
23.1 min
14% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
5.8%

Commute Mode

Drove alone
61.5%
Carpooled
19.3%
Public transit
0.8%
Walked
12.3%
Work from home
5.8%

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
$40,282
46% below avg
Per Capita Income
$21,612
Unemployment Rate
3.4%
29% below avg
Poverty Rate
22.1%
Labor Force Participation
39.3%

🎓 Education

Bachelor's degree+ 14.7%
Graduate degree 13.8%

👥 Demographics

Median Age 26.5
Male median age 27.8
Female median age 25.1

🌤 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

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 34 — Good
97.5%
Good air days/yr
74
Max AQI recorded
0
PM2.5 days
360
Ozone days

🏫 Schools

NCES CCD 2019 — public school district data

82%
4-Year Graduation Rate
12.7:1
Student-teacher ratio
4
Public schools
2,055
Total enrollment

Frequently Asked Questions

What is the cost of living in Farmville, VA?

Farmville has a cost index of 70 (100 = national average). It is 30% below the national average.

What is average rent in Farmville, VA?

The median gross rent in Farmville is $865 per month based on 2023 Census data.

What is the average home price in Farmville?

The median home value in Farmville is $223,700 according to Zillow and Census data.

What is the median income in Farmville?

The median household income in Farmville is $40,282 per year (2023 ACS 5-year estimates).

What is the sales tax in Farmville, VA?

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

Is Farmville, VA affordable?

Yes, Farmville is generally considered affordable, with a cost of living index of 70 — about 30% below the US national average of 100.

What is the weather like in Farmville?

Farmville 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.

Farmville at a Glance

Population
7,613
Median Income
$40,282
Home Value
$223,700
Median Rent
$865/mo
Unemployment
3.4%
Avg High Temp
67.4°F
Sales Tax
5.6%
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