Cost of Living in Marshall, VA
Housing
The housing market plays a significant role in determining the cost of living in Marshall, VA.
- Housing Index: 107.5 / 100
- Median Home Price is: $499,000
- Average Rent (2 BR Apartment): $1935 per month
- Average Rent (2 BR House): $2103 per month
Considering a move to Marshall, VA? The current median home price of 499000 indicates investment potential, but cautious optimism is advised, as the housing index of 107.5 suggests stability or perhaps limited market activity. Without rent data— 1935 for apartments and 2103 for houses—it's challenging to determine the rental market’s trajectory. Historically, real estate trends often thrive in blue-chip locales, so consider the region's amenities and projected job growth, which are equally critical in your long-term planning.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Marshall, 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 Marshall, 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 Marshall is a financially viable option for your relocation.