Ferrum, VA vs Loch Lomond, VA

The cost of living difference between Ferrum, VA and Loch Lomond, VA is dramatic. Ferrum is 51% cheaper than Loch Lomond, a gap that translates to thousands of dollars per year in household expenses. Ferrum has a cost index of 69 while Loch Lomond sits at 140, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Ferrum is $662/month compared to $2,234/month in Loch Lomond — a 70% difference. Home values follow the same pattern: Ferrum is more affordable at $202,500 median vs $412,900.

Median household income in Ferrum is $31,750 compared to $109,873 in Loch Lomond (-71.1%). While Loch Lomond is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Ferrum spend roughly 25% of their income on rent, more than the 24.4% in Loch Lomond.