Cost of Living in Tazewell, VA

Population 4,419 · Virginia · Data vintage 2023

44
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

At $35,392, median household incomes in Tazewell land roughly 53% below the US median, a gap that tends to persist across local labor-market indicators. The labor market has been unusually tight, with unemployment around 1.2% — below most comparable cities in the state.

Located 100 miles northwest of Winston-Salem, Tazewell is far enough out that local conditions diverge meaningfully from the big-metro baseline. Median home values run roughly 47% lower than Winston-Salem's $208,000.

Cost Overview

Housing 36
Rent 55

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

About the Cost of Living in Tazewell

The median home value in Tazewell is $110,400 — 64% below the national median of $305,000. Median rent runs $722/month, 45% lower than the national median of $1,314/month. The median household income of $35,392/year is 53% lower than the US median of $74,580. The local unemployment rate is 1.2%, 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 60.9°F and lows of 43.3°F, with about 34.6" of annual snowfall. Overall, Tazewell has a cost of living index of 44 versus the US average of 100, meaning it is 56% less expensive.

🏠 Housing

Median Home Value
$110,400
64% below avg
Zillow Home Value
$293,232
Zillow ZHVI
Median Rent
$722/mo
45% below avg
Price-to-Rent Ratio
12.7x
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 56.5%
Renter-occupied 43.5%

💰 Estimated Monthly Budget

Rent median rent
$722
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,336/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
26.0 min
4% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
6.1%

Commute Mode

Drove alone
77.2%
Carpooled
15.4%
Work from home
6.1%

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
$35,392
53% below avg
Per Capita Income
$24,074
Unemployment Rate
1.2%
76% below avg
Poverty Rate
23.2%
Labor Force Participation
46.0%

🎓 Education

Bachelor's degree+ 10.2%
Graduate degree 7.5%

👥 Demographics

Median Age 43.8
Male median age 41.5
Female median age 46.5

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
60.9°F
Avg Low
43.3°F
Annual Precip
41.2"
Annual Snowfall
34.6"
20° 35° 50° 65° 80° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 404351637076797873635243
Low °F 242733435158626155453528
Precip" 3.032.903.843.644.614.144.363.143.242.782.553.01
Snow" 9.98.86.50.90.00.00.00.00.00.51.46.6

🏫 Schools

NCES CCD 2019 — public school district data

88%
4-Year Graduation Rate
15.9:1
Student-teacher ratio
14
Public schools
5,585
Total enrollment

Frequently Asked Questions

What is the cost of living in Tazewell, VA?

Tazewell has a cost index of 44 (100 = national average). It is 56% below the national average.

What is average rent in Tazewell, VA?

The median gross rent in Tazewell is $722 per month based on 2023 Census data.

What is the average home price in Tazewell?

The median home value in Tazewell is $110,400 according to Zillow and Census data.

What is the median income in Tazewell?

The median household income in Tazewell is $35,392 per year (2023 ACS 5-year estimates).

What is the sales tax in Tazewell, VA?

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

Is Tazewell, VA affordable?

Yes, Tazewell is generally considered affordable, with a cost of living index of 44 — about 56% below the US national average of 100.

What is the weather like in Tazewell?

Tazewell has average high temperatures of 60.9°F and average lows of 43.3°F. Annual precipitation is 41.2". Average annual snowfall is 34.6". Data from NOAA 1991–2020 Climate Normals.

Tazewell at a Glance

Population
4,419
Median Income
$35,392
Home Value
$110,400
Median Rent
$722/mo
Unemployment
1.2%
Avg High Temp
60.9°F
Sales Tax
5.6%
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