Cost of Living in Boykins, VA

With a cost of living index of 81, Boykins, VA is a very affordable place to live. Living here is 19% cheaper than the national average and 24% below the Virginia state average of 104. Boykins is a small community of 484 residents.

Housing costs are the biggest factor in Boykins's cost of living. The median monthly rent is $1,059 (20% below the US median of $1,319), and the median home value sits at $165,600 (46% below the national median of $304,900). At current prices, the median home costs roughly 2.9x the median household income — well within traditional affordability guidelines.

The median household income in Boykins is $57,917, which is 23% lower than the national median of $75,149. Residents spend roughly 22% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.