Cost of Living in South Boston, VA

Population 7,896 · Virginia · Data vintage 2023

54
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

At $41,102, median household incomes in South Boston land roughly 45% below the US median, a gap that tends to persist across local labor-market indicators. Around 26% of residents live below the federal poverty line, a rate that tends to correlate with the income and housing figures above.

South Boston is about 50 miles north of Durham, the nearest large metro — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 56% lower than Durham's $355,000.

Cost Overview

Housing 52
Rent 58

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

About the Cost of Living in South Boston

The median home value in South Boston is $157,300 — 48% below the national median of $305,000. Median rent runs $756/month, 42% lower than the national median of $1,314/month. The median household income of $41,102/year is 45% lower than the US median of $74,580. The local unemployment rate is 5.0%, above 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, South Boston has a cost of living index of 54 versus the US average of 100, meaning it is 46% less expensive.

🏠 Housing

Median Home Value
$157,300
48% below avg
Zillow Home Value
$147,035
Zillow ZHVI
Median Rent
$756/mo
42% below avg
Zillow Rent
$1,380/mo
Zillow ZORI
Price-to-Rent Ratio
17.3x
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 49.5%
Renter-occupied 50.5%

💰 Estimated Monthly Budget

Rent median rent
$756
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,370/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
18.9 min
30% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
3.5%

Commute Mode

Drove alone
82.0%
Carpooled
7.3%
Public transit
0.2%
Walked
0.6%
Bicycle
0.3%
Work from home
3.5%

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
$41,102
45% below avg
Per Capita Income
$24,427
Unemployment Rate
5.0%
5% above avg
Poverty Rate
26.3%
Labor Force Participation
44.5%

🎓 Education

Bachelor's degree+ 13.4%
Graduate degree 6.1%

👥 Demographics

Median Age 45.5
Male median age 39.6
Female median age 50

🌤 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 South Boston, VA?

South Boston has a cost index of 54 (100 = national average). It is 46% below the national average.

What is average rent in South Boston, VA?

The median gross rent in South Boston is $756 per month based on 2023 Census data.

What is the average home price in South Boston?

The median home value in South Boston is $157,300 according to Zillow and Census data.

What is the median income in South Boston?

The median household income in South Boston is $41,102 per year (2023 ACS 5-year estimates).

What is the sales tax in South Boston, VA?

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

Is South Boston, VA affordable?

Yes, South Boston is generally considered affordable, with a cost of living index of 54 — about 46% below the US national average of 100.

What is the weather like in South Boston?

South Boston 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.

South Boston at a Glance

Population
7,896
Median Income
$41,102
Home Value
$157,300
Median Rent
$756/mo
Unemployment
5.0%
Avg High Temp
69.8°F
Sales Tax
5.6%
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