Cost of Living in Kilmarnock, VA
Housing
The housing market plays a significant role in determining the cost of living in Kilmarnock, VA.
- Housing Index: 107.5 / 100
- Median Home Price is: $349,000
- Average Rent (2 BR Apartment): $1935 per month
- Average Rent (2 BR House): $2103 per month
In analyzing the housing market in Kilmarnock, VA, we find a favorable housing index of 107.5, indicating affordability compared to national averages. The median home price of 349000 presents a viable option for potential buyers. Additionally, with average rental rates at 1935 for a 2-bedroom apartment and 2103 for a 2-bedroom house, residents may enjoy a balanced cost structure. Overall, this area demonstrates reasonable pricing which can be attractive for families or individuals seeking to relocate, especially in an ever-changing market.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Kilmarnock, 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 Kilmarnock, 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 Kilmarnock is a financially viable option for your relocation.