Cost of Living in Broadway, VA
Housing
The housing market plays a significant role in determining the cost of living in Broadway, VA.
- Housing Index: 107.5 / 100
- Median Home Price is: $278,000
- Average Rent (2 BR Apartment): $1935 per month
- Average Rent (2 BR House): $2103 per month
Considering a move to Broadway, VA? The current housing index at 107.5 suggests that the cost of living is moderately higher than the national average. With a median home price of 278000, purchasing might be a solid investment, particularly if current trends indicate appreciation. Conversely, if renting is more appealing, the average rent for a 2BR apartment stands at 1935 while a 2BR house is slightly higher at 2103. Always factor in amenities, job availability, and community factors when making your decision!
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Broadway, VA.
- Electricity Price: $15.31 USD (median by state)
- Natural Gas Price: $19.91 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $242 per month
Living in Broadway, VA could entail higher utility costs. Electricity costs sit at $15.31, while natural gas is priced at $19.91 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $242 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Broadway is a financially viable option for your relocation.