Cost of Living in Iron Gate, VA

With a cost of living index of 79, Iron Gate, VA is a very affordable place to live. Living here is 21% cheaper than the national average and 26% below the Virginia state average of 104. Iron Gate is a small community of 408 residents.

The median household income in Iron Gate is $60,000, which is 20% lower than the national median of $75,149. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Everyday prices in the Roanoke, VA (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 6 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

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.