Ferrum, VA vs Sugar Grove, VA

Ferrum, VA and Sugar Grove, VA have a very similar cost of living, with only a 1.6% difference in their overall index. Ferrum scores 69 while Sugar Grove scores 68 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 Ferrum is $662/month compared to $919/month in Sugar Grove — a 28% difference. Interestingly, home values tell a different story: while Ferrum has cheaper rent, Sugar Grove actually has lower median home values ($57,200 vs $202,500).

Median household income in Ferrum is $31,750 compared to $45,357 in Sugar Grove (-30%). Sugar Grove offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Ferrum spend roughly 25% of their income on rent, more than the 24.3% in Sugar Grove.