Cost of Living in Buckingham, VA
Housing
The housing market plays a significant role in determining the cost of living in Buckingham, VA.
- Housing Index: 107.5 / 100
- Median Home Price is: $220,000
- Average Rent (2 BR Apartment): $1935 per month
- Average Rent (2 BR House): $2103 per month
Considering a move to Buckingham, VA? With a housing index of 107.5, affordability appears reasonable, especially with a median home price of 220000. Renting a 2-bedroom apartment averages around 1935, while a 2-bedroom house costs about 2103 monthly. Research suggests that areas with a housing index below 100 often offer opportunities for a more budget-friendly lifestyle. It's crucial to analyze your long-term housing plans and weigh potential job opportunities in the area against these housing costs, ensuring your new home meets your financial and lifestyle aspirations.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Buckingham, 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 Buckingham, 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 Buckingham is a financially viable option for your relocation.