Cost of Living in West Point, VA

Population 3,439 · Virginia · Data vintage 2023

90
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

West Point is a smaller Virginia community of around 3000 residents, where median household incomes of $83,475 and housing costs ($257,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape. An unemployment rate of 0.5% points to a labor market well on the tight side of the national distribution.

Located 35 miles northwest of Newport News, West Point falls within that metro's commuting orbit. Housing prices track closely with Newport News' $243,000 median.

Cost Overview

Housing 84
Rent 99

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

About the Cost of Living in West Point

The median home value in West Point is $256,600 — 16% below the national median of $305,000. Median rent runs $1,297/month, 1% lower than the national median of $1,314/month. The median household income of $83,475/year is 12% higher than the US median of $74,580. The local unemployment rate is 0.5%, 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 69.5°F and lows of 48.4°F, with about 8.8" of annual snowfall. Overall, West Point has a cost of living index of 90 versus the US average of 100, meaning it is 10% less expensive.

🏠 Housing

Median Home Value
$256,600
16% below avg
Zillow Home Value
$678,973
Zillow ZHVI
Median Rent
$1,297/mo
1% below avg
Price-to-Rent Ratio
16.5x
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
$1,297
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,911/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
32.5 min
20% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
15.2%

Commute Mode

Drove alone
81.7%
Carpooled
2.6%
Walked
0.4%
Work from home
15.2%

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
$83,475
12% above avg
Per Capita Income
$38,203
Unemployment Rate
0.5%
89% below avg
Poverty Rate
5.0%
Labor Force Participation
68.9%

🎓 Education

Bachelor's degree+ 24.0%
Graduate degree 7.0%

👥 Demographics

Median Age 43.4
Male median age 42.9
Female median age 43.8

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
69.5°F
Avg Low
48.4°F
Annual Precip
45.5"
Annual Snowfall
8.8"
20° 38° 55° 73° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 485260707886908881716052
Low °F 293037465665696861493932
Precip" 3.232.614.003.184.004.644.374.904.613.393.063.51
Snow" 3.72.21.10.00.00.00.00.00.00.00.01.8

🏫 Schools

NCES CCD 2019 — public school district data

92%
4-Year Graduation Rate
12.9:1
Student-teacher ratio
2
Public schools
802
Total enrollment

Frequently Asked Questions

What is the cost of living in West Point, VA?

West Point has a cost index of 90 (100 = national average). It is 10% below the national average.

What is average rent in West Point, VA?

The median gross rent in West Point is $1,297 per month based on 2023 Census data.

What is the average home price in West Point?

The median home value in West Point is $256,600 according to Zillow and Census data.

What is the median income in West Point?

The median household income in West Point is $83,475 per year (2023 ACS 5-year estimates).

What is the sales tax in West Point, VA?

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

Is West Point, VA affordable?

West Point is near the national average in terms of cost of living, with an index of 90 (100 = US average).

What is the weather like in West Point?

West Point has average high temperatures of 69.5°F and average lows of 48.4°F. Annual precipitation is 45.5". Average annual snowfall is 8.8". Data from NOAA 1991–2020 Climate Normals.

West Point at a Glance

Population
3,439
Median Income
$83,475
Home Value
$256,600
Median Rent
$1,297/mo
Unemployment
0.5%
Avg High Temp
69.5°F
Sales Tax
5.6%
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