Groveton, VA

Very High · 150

Virginia · Population 13,563 · Updated March 2026

$1,829
Median Rent / Month
$109,665
Median Income
$568,900
Median Home Value
$1,982
Owner Costs / Month

Affordability

How far your income goes in Groveton

20.0%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Virginia

State-level tax rates that affect your costs

5.75%
Income Tax (Top Rate)
5.3%
Sales Tax
0.8%
Property Tax Rate

Estimated Annual Costs

$21,948
Annual Rent
$6,306
State Income Tax
$4,551
Property Tax (est.)

Cost of Living Overview

Groveton has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 150 (where 100 equals the national median), Groveton residents can expect to pay median rent of $1,829/month while earning a median household income of $109,665/year.

The median home value in Groveton, VA is $568,900, with typical monthly owner costs around $1,982 including mortgage, insurance, and taxes. The median rent-to-income ratio of 20.0% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Virginia has a moderate income tax rate of 5.75%. Combined with a 5.3% sales tax rate and 0.8% effective property tax rate, the overall tax environment is a factor in the total cost of living in Groveton.

Frequently Asked Questions

Common questions about living costs in Groveton

What is the cost of living in Groveton, VA?
The cost of living index in Groveton, VA is 150 (US average = 100). Median monthly rent is $1,829, median household income is $109,665/year, and the median home value is $568,900.
Is Groveton, VA affordable?
No, Groveton is more expensive than the national average with a cost index of 150. The rent-to-income ratio is 20.0%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Groveton, VA?
The median gross rent in Groveton, VA is $1,829 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $21,948.
What is the median household income in Groveton?
The median household income in Groveton, VA is $109,665 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Virginia?
Virginia has a top income tax rate of 5.75%, a sales tax of 5.3%, and an effective property tax rate of 0.8%.