Ferrum, VA vs Union Mill, VA

The cost of living difference between Ferrum, VA and Union Mill, VA is dramatic. Ferrum is 64.6% cheaper than Union Mill, a gap that translates to thousands of dollars per year in household expenses. Ferrum has a cost index of 69 while Union Mill sits at 194, 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 $2,581/month in Union Mill — a 74% difference. Home values follow the same pattern: Ferrum is more affordable at $202,500 median vs $942,400.

Median household income in Ferrum is $31,750 compared to $245,265 in Union Mill (-87.1%). While Union Mill 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 12.6% in Union Mill.