Cost of Living in Claypool Hill, VA

With a cost of living index of 74, Claypool Hill, VA is one of the most affordable cities in the country. Living here is 26% cheaper than the national average and 30% below the Virginia state average of 104. Claypool Hill is a small community of 1,332 residents.

Housing costs are the biggest factor in Claypool Hill's cost of living. The median monthly rent is $835 (37% below the US median of $1,319), and the median home value sits at $169,200 (45% below the national median of $304,900). At current prices, the median home costs roughly 3.6x the median household income — a moderately affordable ratio by today's standards.

The median household income in Claypool Hill is $46,895, which is 38% lower than the national median of $75,149. Residents spend roughly 21% 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.