Cost of Living in New River, VA

With a cost of living index of 84, New River, VA is a very affordable place to live. Living here is 16% cheaper than the national average and 21% below the Virginia state average of 104. New River is a small community of 377 residents.

The median household income in New River is $39,196, which is 48% 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 Blacksburg-Christiansburg-Radford, 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.