Cost of Living in Verona, VA

Population 4,274 · Virginia · Data vintage 2023

76
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Under 25,000 residents gives Verona a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $231,000. The labor market has been unusually tight, with unemployment around 1.0% — below most comparable cities in the state.

Verona lies roughly 95 miles northwest of the nearest major metro, Richmond — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 30% lower than Richmond's $328,000.

Cost Overview

Housing 76
Rent 77

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

About the Cost of Living in Verona

The median home value in Verona is $231,300 — 24% below the national median of $305,000. Median rent runs $1,011/month, 23% lower than the national median of $1,314/month. The median household income of $68,319/year is 8% lower than the US median of $74,580. The local unemployment rate is 1.0%, 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 69.2°F and lows of 48.1°F. Overall, Verona has a cost of living index of 76 versus the US average of 100, meaning it is 24% less expensive.

🏠 Housing

Median Home Value
$231,300
24% below avg
Zillow Home Value
$464,199
Zillow ZHVI
Median Rent
$1,011/mo
23% below avg
Price-to-Rent Ratio
19.1x
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 76.5%
Renter-occupied 23.5%

💰 Estimated Monthly Budget

Rent median rent
$1,011
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,625/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
19.0 min
30% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
2.6%

Commute Mode

Drove alone
83.3%
Carpooled
9.2%
Public transit
1.4%
Walked
3.5%
Work from home
2.6%

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
$68,319
8% below avg
Per Capita Income
$29,283
Unemployment Rate
1.0%
80% below avg
Poverty Rate
5.0%
Labor Force Participation
52.0%

🎓 Education

Bachelor's degree+ 13.9%
Graduate degree 5.1%

👥 Demographics

Median Age 42.6
Male median age 40.3
Female median age 48.1

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
69.2°F
Avg Low
48.1°F
Annual Precip
41.6"
20° 38° 55° 73° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 475160707886908781716051
Low °F 303138475664686760483932
Precip" 2.962.353.543.174.174.383.373.874.093.313.363.04

🏫 Schools

NCES CCD 2019 — public school district data

92%
4-Year Graduation Rate
14:1
Student-teacher ratio
18
Public schools
10,339
Total enrollment

Frequently Asked Questions

What is the cost of living in Verona, VA?

Verona has a cost index of 76 (100 = national average). It is 24% below the national average.

What is average rent in Verona, VA?

The median gross rent in Verona is $1,011 per month based on 2023 Census data.

What is the average home price in Verona?

The median home value in Verona is $231,300 according to Zillow and Census data.

What is the median income in Verona?

The median household income in Verona is $68,319 per year (2023 ACS 5-year estimates).

What is the sales tax in Verona, VA?

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

Is Verona, VA affordable?

Yes, Verona 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 Verona?

Verona has average high temperatures of 69.2°F and average lows of 48.1°F. Annual precipitation is 41.6". Data from NOAA 1991–2020 Climate Normals.

Verona at a Glance

Population
4,274
Median Income
$68,319
Home Value
$231,300
Median Rent
$1,011/mo
Unemployment
1.0%
Avg High Temp
69.2°F
Sales Tax
5.6%
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