Cost of Living in Martinsville, VA
Population 13,584 · Virginia · Data vintage 2023
(100 = US avg)
At $42,434, median household incomes in Martinsville land roughly 43% below the US median, a gap that tends to persist across local labor-market indicators. Around 22% of residents live below the federal poverty line, a rate that tends to correlate with the income and housing figures above.
Located 40 miles north of Greensboro, Martinsville falls within that metro's commuting orbit. Median home values run roughly 58% lower than Greensboro's $221,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Martinsville
The median home value in Martinsville is $92,500 — 70% below the national median of $305,000. Median rent runs $784/month, 40% lower than the national median of $1,314/month. The median household income of $42,434/year is 43% lower than the US median of $74,580. The local unemployment rate is 4.4%, 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 69.8°F and lows of 46.7°F, with about 7.6" of annual snowfall. Overall, Martinsville has a cost of living index of 42 versus the US average of 100, meaning it is 58% 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 | 49 | 53 | 61 | 71 | 78 | 85 | 89 | 87 | 81 | 71 | 61 | 52 |
| Low °F | 28 | 30 | 37 | 45 | 54 | 63 | 67 | 66 | 59 | 46 | 36 | 30 |
| Precip" | 3.41 | 2.73 | 3.53 | 3.53 | 4.13 | 3.98 | 4.88 | 3.47 | 4.25 | 3.30 | 3.46 | 3.06 |
| Snow" | 2.5 | 2.5 | 1.5 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 1.1 |
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Martinsville, VA?
Martinsville has a cost index of 42 (100 = national average). It is 58% below the national average.
What is average rent in Martinsville, VA?
The median gross rent in Martinsville is $784 per month based on 2023 Census data.
What is the average home price in Martinsville?
The median home value in Martinsville is $92,500 according to Zillow and Census data.
What is the median income in Martinsville?
The median household income in Martinsville is $42,434 per year (2023 ACS 5-year estimates).
What is the sales tax in Martinsville, VA?
The combined state and local sales tax rate in Martinsville is 5.6%. The Virginia state income tax top rate is 5.8%.
Is Martinsville, VA affordable?
Yes, Martinsville is generally considered affordable, with a cost of living index of 42 — about 58% below the US national average of 100.
What is the weather like in Martinsville?
Martinsville has average high temperatures of 69.8°F and average lows of 46.7°F. Annual precipitation is 43.7". Average annual snowfall is 7.6". Data from NOAA 1991–2020 Climate Normals.
Martinsville at a Glance
- Population
- 13,584
- Median Income
- $42,434
- Home Value
- $92,500
- Median Rent
- $784/mo
- Unemployment
- 4.4%
- Avg High Temp
- 69.8°F
- Sales Tax
- 5.6%
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Virginia Rankings
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