Cost of Living in Penhook, VA

With a cost of living index of 111, Penhook, VA is somewhat more expensive than average. Living here is 11% more expensive than the national average and 7% above the Virginia state average of 104. Penhook is a small community of 1,253 residents.

The median household income in Penhook is $99,176, which is 32% higher than the national median of $75,149. While incomes are above average, they more than offset the higher cost of living.

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.