Cost of Living in Forest, VA

Population 12,476 · Virginia · Data vintage 2023

97
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Forest 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.

Forest lies roughly 95 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 44% higher than Greensboro's $221,000.

Cost Overview

Housing 105
Rent 85

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

About the Cost of Living in Forest

The median home value in Forest is $319,100 — 5% above the national median of $305,000. Median rent runs $1,112/month, 15% lower than the national median of $1,314/month. The median household income of $78,825/year is 6% higher than the US median of $74,580. The local unemployment rate is 3.9%, 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 67.4°F and lows of 45.0°F, with about 11.6" of annual snowfall. Overall, Forest has a cost of living index of 97 versus the US average of 100, meaning it is 3% less expensive.

🏠 Housing

Median Home Value
$319,100
5% above avg
Zillow Home Value
$405,619
Zillow ZHVI
Median Rent
$1,112/mo
15% below avg
Zillow Rent
$1,644/mo
Zillow ZORI
Price-to-Rent Ratio
23.9x
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 75.0%
Renter-occupied 25.1%

💰 Estimated Monthly Budget

Rent median rent
$1,112
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,726/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
23.4 min
13% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
16.0%

Commute Mode

Drove alone
77.1%
Carpooled
5.2%
Walked
0.8%
Work from home
16.0%

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
$78,825
6% above avg
Per Capita Income
$45,287
Unemployment Rate
3.9%
19% below avg
Poverty Rate
7.5%
Labor Force Participation
59.5%

🎓 Education

Bachelor's degree+ 26.2%
Graduate degree 22.3%

👥 Demographics

Median Age 42.1
Male median age 43.7
Female median age 41.3

🌤 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 Forest, VA?

Forest has a cost index of 97 (100 = national average). It is 3% below the national average.

What is average rent in Forest, VA?

The median gross rent in Forest is $1,112 per month based on 2023 Census data.

What is the average home price in Forest?

The median home value in Forest is $319,100 according to Zillow and Census data.

What is the median income in Forest?

The median household income in Forest is $78,825 per year (2023 ACS 5-year estimates).

What is the sales tax in Forest, VA?

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

Is Forest, VA affordable?

Forest is near the national average in terms of cost of living, with an index of 97 (100 = US average).

What is the weather like in Forest?

Forest 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.

Forest at a Glance

Population
12,476
Median Income
$78,825
Home Value
$319,100
Median Rent
$1,112/mo
Unemployment
3.9%
Avg High Temp
67.4°F
Sales Tax
5.6%
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🗺️ County data for Virginia

Explore county-level cost of living data

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