Cost of Living in Stanardsville, VA

With a cost of living index of 86, Stanardsville, VA is a very affordable place to live. Living here is 14% cheaper than the national average and 18% below the Virginia state average of 104. Stanardsville is a small community of 473 residents.

Housing costs are the biggest factor in Stanardsville's cost of living. The median monthly rent is $1,004 (24% below the US median of $1,319), and the median home value sits at $258,900 (15% below the national median of $304,900). At current prices, the median home costs roughly 4.1x the median household income — a moderately affordable ratio by today's standards.

The median household income in Stanardsville is $63,594, which is 15% lower than the national median of $75,149. Residents spend roughly 19% 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.

Climate is another factor for anyone considering a move to Stanardsville. The area sees an average annual temperature of 58.7°F, with summers averaging 77°F and winters around 40°F. Annual rainfall totals 41.6 inches spread over roughly 124 days.

Everyday prices in the Charlottesville, 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.