Cost of living
Independent Hill, Virginia
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Independent Hill, VA is #19 on the list Top 100 Most Affordable U.S. Cities with Outstanding Education in 2023, #2 on the list Top 100 Best Places to Raise a Family in the South in 2023, #10 on the list Top 100 Best Places to Raise a Family in the South in 2022
Cost of living in Independent Hill, Virginia
Cost of living compared to USAhigh
Cost of living compared to Virginiahigh
Median household incomethe highest
Is it expensive to live in Independent Hill, Virginia? When calculating the cost of living in Independent Hill, Virginia we factor in state income tax rates, average housing rental prices, average property values, cost of living index, and more.
The cost of living in Independent Hill, Virginia is highAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and highAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Virginia, while median household income in Independent Hill is $179,797 which is the highest Analytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Virginia.
Taxes in Independent Hill, Virginia
The sales tax rate in Independent Hill, Virginia is 6.0%. Last year, the average property taxes paid was 1.0% Independent Hill, Virginia.
Here is the table with the State Income Taxes in the state of Virginia:
State Income Tax Brackets (Single):
| Income Bracket Threshold | Income Bracket Ceiling | Virginia Income Tax Rate |
|---|---|---|
| $0 | $3,000 | 2.0% |
| $3,000 | $5,000 | 3.0% |
| $5,000 | $17,000 | 5.0% |
| $17,000 | $9,999,999 | 5.75% |
State Income Tax Brackets (Married):
| Income Bracket Threshold | Income Bracket Ceiling | Virginia Income Tax Rate |
|---|---|---|
| $0 | $3,000 | 2.0% |
| $3,000 | $5,000 | 3.0% |
| $5,000 | $17,000 | 5.0% |
| $17,000 | $9,999,999 | 5.75% |
Housing costs in Independent Hill, Virginia
The average cost of a single-family home compared to USAthe highest
The average cost of a single-family home compared to Virginiathe highest
In Independent Hill, Virginia, 96.0% of the population owns their homes, while approximately 4.0% rent. The average cost of a single-family home in Independent Hill, Virginia in 2022 is $435,570 which is the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Virginia. The average one-bedroom apartment cost is approximately $1,684 per month.
| Rental Size | Monthly Cost | Compared to Virginia |
|---|---|---|
| 1 Bedroom | $1,684 | the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest |
| 2 Bedroom | $1,914 | the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest |
| 3 Bedroom | $2,394 | the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest |
| 4 Bedroom | $2,855 | the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest |
Pros and Cons of living in Independent Hill, Virginia in reviews from users in their own words:
| Pros | Cons |
|---|---|
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