The cost of living in Hopewell, VA, is generally lower than the nationwide average. The overall cost of living index for Hopewell stands at 93, which is 7% below the national average of 100. This makes housing, groceries, and utilities more affordable for residents. For instance, housing costs 15% less, while groceries and utilities are only slightly higher than the national average. This favorable index can be a significant advantage for job seekers considering relocation to Hopewell.
The cost of living index in Hopewell, VA, shows a mix of affordability and expenses when compared to the nationwide average. Housing costs in Hopewell stand at 85, which is 15% less than the national average. This makes housing one of the more affordable aspects of living in Hopewell. People looking for a place to live can expect to spend less on rent or mortgage payments here compared to the rest of the country.
Other expenses also reflect a similar pattern. For groceries, the index is 95, which is 5% lower than the national average. This means that buying food and household items can be slightly cheaper in Hopewell. Utilities, at 98, are nearly on par with the national average, showing minimal difference in cost. Transportation costs are at 90, which is 10% below the national average, offering savings for those who need to drive. Healthcare costs are slightly lower at 92, which is 8% below the average, providing some relief for medical expenses. Miscellaneous costs, at 97, are just 3% below the national average, indicating that other everyday expenses are almost the same as elsewhere. Overall, Hopewell offers a mix of lower and comparable costs, making it a potentially attractive option for those seeking a balanced cost of living.
