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Cost of Living in Tazewell County

Is it better to rent or buy in Tazewell 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.

$48,557
$769/mo

Median in area: $769

$122,807

Median in area: $122,807

$24,561

If you Rent

🔑
$964 /mo
Base Rent$769
Est. Utilities$195
% of Income23.8%
Pre-tax Residual$3,082

If you Buy

🏠
$957 /mo
P&I (7.171%)$665
Taxes & Ins$97
Est. Utilities$195
% of Income23.6%
Pre-tax Residual$3,089

Compare Nearby Areas

See how Tazewell County stacks up against neighboring areas.

countyRussell County, VA
$712/mo
countyBuchanan County, VA
$743/mo
countySmyth County, VA
$749/mo
countyMcDowell County, WV
$630/mo
countyBland County, VA
$703/mo

Cost of Living FAQs

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

Based on median housing data, buying is currently more affordable on a monthly basis in Tazewell County. The estimated all-in monthly cost for renting is $964, while owning a median-priced home with a 20% down payment is roughly $957 per month (a difference of $7).

How much do utilities cost in Tazewell County?›

The average monthly utility cost (electricity and natural gas) for a typical home in Tazewell County is approximately $195. This estimate uses local utility rate schedules combined with median energy consumption profiles.

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

To comfortably afford the median rent and utilities in Tazewell County without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $38,560 per year.