Boones Mill, VA vs Fincastle, VA

Boones Mill is moderately more affordable than Fincastle, with a 7% lower cost of living index. Boones Mill scores 75 compared to 81 for Fincastle, where the US average is 100. This difference means residents of Fincastle can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Boones Mill is $929/month compared to $873/month in Fincastle — a 6% difference. Interestingly, home values tell a different story: while Fincastle has cheaper rent, Boones Mill actually has lower median home values ($186,300 vs $276,200).

Median household income in Boones Mill is $74,625 compared to $63,750 in Fincastle (+17.1%). Boones Mill offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Boones Mill spend roughly 14.9% of their income on rent, less than the 16.4% in Fincastle.