Cost of Living in Cave Spring, VA
Population: 26,014 • 2026 Data
$85,314
Median Household Income
+10% vs national
$1,224
Median Monthly Rent
-9% vs national
$296,700
Median Home Value
-12% vs national
2.9%
Unemployment Rate
Housing in Cave Spring
The median home value in Cave Spring, VA is $296,700. Monthly rent for a typical unit averages $1,224, while total monthly housing costs (including utilities and insurance) average $1,238.
Rent-to-income ratio: 17.2%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Cave Spring, VA is $85,314. The unemployment rate stands at 2.9%, with a labor force of 13,876 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.