Dillwyn, VA vs Ferrum, VA

Dillwyn, VA and Ferrum, VA have a very similar cost of living, with only a 3.6% difference in their overall index. Dillwyn scores 71 while Ferrum scores 69 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Dillwyn is $745/month compared to $662/month in Ferrum — a 13% difference. Interestingly, home values tell a different story: while Ferrum has cheaper rent, Dillwyn actually has lower median home values ($165,000 vs $202,500).

Median household income in Dillwyn is $56,143 compared to $31,750 in Ferrum (+76.8%). While Dillwyn is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Dillwyn spend roughly 15.9% of their income on rent, less than the 25% in Ferrum.