Independent Hill, VA

Very High · 181

Virginia · Population 10,217 · Updated March 2026

$2,063
Median Rent / Month
$204,500
Median Income
$646,000
Median Home Value
$2,907
Owner Costs / Month

Affordability

How far your income goes in Independent Hill

12.1%
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

$24,756
Annual Rent
$11,759
State Income Tax
$5,168
Property Tax (est.)

Cost of Living Overview

Independent Hill has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 181 (where 100 equals the national median), Independent Hill residents can expect to pay median rent of $2,063/month while earning a median household income of $204,500/year.

The median home value in Independent Hill, VA is $646,000, with typical monthly owner costs around $2,907 including mortgage, insurance, and taxes. The median rent-to-income ratio of 12.1% 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 Independent Hill.

Frequently Asked Questions

Common questions about living costs in Independent Hill

What is the cost of living in Independent Hill, VA?
The cost of living index in Independent Hill, VA is 181 (US average = 100). Median monthly rent is $2,063, median household income is $204,500/year, and the median home value is $646,000.
Is Independent Hill, VA affordable?
No, Independent Hill is more expensive than the national average with a cost index of 181. The rent-to-income ratio is 12.1%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Independent Hill, VA?
The median gross rent in Independent Hill, VA is $2,063 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $24,756.
What is the median household income in Independent Hill?
The median household income in Independent Hill, VA is $204,500 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%.