Cost of Living in Mount Hermon, VA

Population 4,326 · Virginia · Data vintage 2023

74
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Housing costs in Mount Hermon stay well under national norms: a median home value of $191,000 against median household incomes of $82,986 gives the city one of the more comfortable price-to-income ratios in Virginia.

Mount Hermon is about 45 miles northeast of Greensboro, the nearest large metro — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 14% lower than Greensboro's $221,000.

Cost Overview

Housing 63
Rent 90

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

About the Cost of Living in Mount Hermon

The median home value in Mount Hermon is $191,400 — 37% below the national median of $305,000. Median rent runs $1,180/month, 10% lower than the national median of $1,314/month. The median household income of $82,986/year is 11% higher than the US median of $74,580. The local unemployment rate is 4.7%, 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, Mount Hermon has a cost of living index of 74 versus the US average of 100, meaning it is 26% less expensive.

🏠 Housing

Median Home Value
$191,400
37% below avg
Median Rent
$1,180/mo
10% below avg
Price-to-Rent Ratio
13.5x
Favors buying
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 81.8%
Renter-occupied 18.2%

💰 Estimated Monthly Budget

Rent median rent
$1,180
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,794/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
23.5 min
13% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
10.6%

Commute Mode

Drove alone
81.2%
Carpooled
8.2%
Work from home
10.6%

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
$82,986
11% above avg
Per Capita Income
$39,474
Unemployment Rate
4.7%
3% below avg
Poverty Rate
4.1%
Labor Force Participation
59.9%

🎓 Education

Bachelor's degree+ 18.5%
Graduate degree 10.0%

👥 Demographics

Median Age 51.8
Male median age 51.2
Female median age 54.1

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
69.8°F
Avg Low
46.7°F
Annual Precip
43.7"
Annual Snowfall
7.6"
20° 38° 55° 73° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 495361717885898781716152
Low °F 283037455463676659463630
Precip" 3.412.733.533.534.133.984.883.474.253.303.463.06
Snow" 2.52.51.50.00.00.00.00.00.00.00.01.1

Frequently Asked Questions

What is the cost of living in Mount Hermon, VA?

Mount Hermon has a cost index of 74 (100 = national average). It is 26% below the national average.

What is average rent in Mount Hermon, VA?

The median gross rent in Mount Hermon is $1,180 per month based on 2023 Census data.

What is the average home price in Mount Hermon?

The median home value in Mount Hermon is $191,400 according to 2023 Census ACS data.

What is the median income in Mount Hermon?

The median household income in Mount Hermon is $82,986 per year (2023 ACS 5-year estimates).

What is the sales tax in Mount Hermon, VA?

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

Is Mount Hermon, VA affordable?

Yes, Mount Hermon is generally considered affordable, with a cost of living index of 74 — about 26% below the US national average of 100.

What is the weather like in Mount Hermon?

Mount Hermon 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.

Mount Hermon at a Glance

Population
4,326
Median Income
$82,986
Home Value
$191,400
Median Rent
$1,180/mo
Unemployment
4.7%
Avg High Temp
69.8°F
Sales Tax
5.6%
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