Cost of Living in Roanoke, VA
Population: 98,677 • 2026 Data
$52,671
Median Household Income
-32% vs national
$964
Median Monthly Rent
-28% vs national
$180,500
Median Home Value
-47% vs national
5.5%
Unemployment Rate
Housing in Roanoke
The median home value in Roanoke, VA is $180,500. Monthly rent for a typical unit averages $964, while total monthly housing costs (including utilities and insurance) average $979.
Rent-to-income ratio: 22.0%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Roanoke, VA is $52,671. The unemployment rate stands at 5.5%, with a labor force of 49,076 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.