Roanoke Region Lowers Cost of Living

The cost of living was actually lower in the Roanoke Region in 2013 compared to 2012 in figures issued by the Council for Community and Economic Research.  The 2013 annual Cost of Living Index (COLI) shows that Roanoke has overall costs 8.9 percent lower than the national average and lower than more than 74 percent of metro regions across the nation.  The 2013 index is 91.1 compared to 91.4 in 2012.

The region’s cost of living is lower than many southern competing metro areas including Asheville, NC, Greenville, SC, Charlotte, NC, and Chattanooga TN.  The competitive advantages are mainly in lower housing and food costs. Transportation costs are also considerably lower than the national average.  

Use the Roanoke Region’s cost of living calculator to see how far your dollar will go in the Roanoke Region.