Cost of Living in Union Hall, VA

With a cost of living index of 122, Union Hall, VA is a notably expensive place to live. Living here is 22% more expensive than the national average and 18% above the Virginia state average of 104. Union Hall is a small community of 1,468 residents.

Housing costs are the biggest factor in Union Hall's cost of living. The median monthly rent is $1,326 (1% above the US median of $1,319), and the median home value sits at $607,000 (99% above the national median of $304,900). At current prices, the median home costs roughly 6.4x the median household income — a challenging ratio that puts homeownership out of reach for many residents.

The median household income in Union Hall is $95,556, which is 27% higher than the national median of $75,149. Residents spend roughly 17% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. While incomes are above average, they more than offset the higher cost of living.

Climate is another factor for anyone considering a move to Union Hall. The area sees an average annual temperature of 58.1°F, with summers averaging 76°F and winters around 40°F. Annual rainfall totals 42.8 inches spread over roughly 121 days.

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.