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Cost of Living in Alleghany County

Is it better to rent or buy in Alleghany County? Explore median costs, utility estimates, and run the numbers on your own budget to see how far your income goes.

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Rent vs. Buy Affordability Calculator

Adjust the sliders to match your scenario. We recommend keeping total housing costs under 40% of your gross income.

$54,843
$798/mo

Median in area: $798

$127,592

Median in area: $127,592

$25,518

If you Rent

🔑
$992 /mo
Base Rent$798
Est. Utilities$194
% of Income21.7%
Pre-tax Residual$3,578

If you Buy

🏠
$1,004 /mo
P&I (7.15%)$689
Taxes & Ins$121
Est. Utilities$194
% of Income22.0%
Pre-tax Residual$3,566

Compare Nearby Areas

See how Alleghany County stacks up against neighboring areas.

countyCovington City, VA
$819/mo
countyCovington City, VA
$820/mo
countyCraig County, VA
$713/mo
countyBotetourt County, VA
$1,161/mo
countyBath County, VA
$772/mo
countyGreenbrier County, WV
$832/mo

Cost of Living FAQs

Is it cheaper to rent or buy in Alleghany County?›

Based on median housing data, renting is currently more affordable on a monthly basis in Alleghany County. The estimated all-in monthly cost for renting is $992, while owning a median-priced home with a 20% down payment is roughly $1,004 per month (a difference of $12).

How much do utilities cost in Alleghany County?›

The average monthly utility cost (electricity and natural gas) for a typical home in Alleghany County is approximately $194. This estimate uses local utility rate schedules combined with median energy consumption profiles.

What is a good salary to live comfortably in Alleghany County?›

To comfortably afford the median rent and utilities in Alleghany County without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $39,680 per year.