Cost of Living in Timberlake, VA
Population 12,833 · Virginia · Data vintage 2023
(100 = US avg)
Timberlake offers a notably favorable income-to-housing ratio for its region. The typical home — $228,000 — costs less than 3.3 times median household income of $68,833, a threshold many coastal markets passed a decade ago.
Timberlake lies roughly 90 miles northeast of the nearest major metro, Greensboro — close enough that regional housing and labor patterns are shaped largely by the larger market. Housing prices track closely with Greensboro's $221,000 median.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Timberlake
The median home value in Timberlake is $228,200 — 25% below the national median of $305,000. Median rent runs $1,037/month, 21% lower than the national median of $1,314/month. The median household income of $68,833/year is 8% lower than the US median of $74,580. The local unemployment rate is 4.2%, 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 67.4°F and lows of 45.0°F, with about 11.6" of annual snowfall. Overall, Timberlake has a cost of living index of 76 versus the US average of 100, meaning it is 24% 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 | 46 | 50 | 58 | 69 | 76 | 83 | 87 | 85 | 79 | 69 | 58 | 49 |
| Low °F | 26 | 28 | 35 | 44 | 53 | 61 | 65 | 64 | 57 | 45 | 35 | 29 |
| Precip" | 3.46 | 2.91 | 3.76 | 3.45 | 3.98 | 3.82 | 4.19 | 3.22 | 3.96 | 3.12 | 3.39 | 3.50 |
| Snow" | 3.5 | 3.6 | 2.4 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 2.0 |
Frequently Asked Questions
What is the cost of living in Timberlake, VA?
Timberlake has a cost index of 76 (100 = national average). It is 24% below the national average.
What is average rent in Timberlake, VA?
The median gross rent in Timberlake is $1,037 per month based on 2023 Census data.
What is the average home price in Timberlake?
The median home value in Timberlake is $228,200 according to 2023 Census ACS data.
What is the median income in Timberlake?
The median household income in Timberlake is $68,833 per year (2023 ACS 5-year estimates).
What is the sales tax in Timberlake, VA?
The combined state and local sales tax rate in Timberlake is 5.6%. The Virginia state income tax top rate is 5.8%.
Is Timberlake, VA affordable?
Yes, Timberlake is generally considered affordable, with a cost of living index of 76 — about 24% below the US national average of 100.
What is the weather like in Timberlake?
Timberlake 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.
Timberlake at a Glance
- Population
- 12,833
- Median Income
- $68,833
- Home Value
- $228,200
- Median Rent
- $1,037/mo
- Unemployment
- 4.2%
- Avg High Temp
- 67.4°F
- Sales Tax
- 5.6%
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