Cost of Living in Red oak, VA
Housing
The housing market plays a significant role in determining the cost of living in Red oak, VA.
- Housing Index: 107.5 / 100
- Median Home Price is: $150,000
- Average Rent (2 BR Apartment): $1935 per month
- Average Rent (2 BR House): $2103 per month
Considering a move to Red oak, VA? The median home price here is a low 150000, making it an attractive option for buyers seeking affordable housing. However, with a housing index of 107.5, it's essential to examine the local market thoroughly. While renting might not be applicable at this point (as indicated by average rents of 1935 for an apartment and 2103 for a house being zero), it's wise to keep an eye on market trends and any potential developments that might influence this in the future.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Red oak, 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 Red oak, 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 Red oak is a financially viable option for your relocation.