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Martinsville, VA

Cost of living in Martinsville city, VA

Estimated monthly cost
$2,562/mo
for a single person, all categories combined

Population 13,584 · Last updated May 21, 2026

Cost breakdown

Single person, by category, per month.

Rent $680 27%
Healthcare $480 19%
Groceries $355 14%
Federal tax $343 13%
Transport $320 12%
Energy $202 8%
State tax $127 5%
Water $55 2%

Rent in Martinsville city

Fair Market Rents by bedroom count.

Studio
$675
per month
1 bedroom
$680
per month
2 bedroom
$851
per month
3 bedroom
$1,025
per month
4 bedroom
$1,221
per month

Source: HUD FMR FY2025

Income and earnings in Martinsville city

Annual earnings figures from the Census ACS.

Household income
$42,434
per year
Individual earnings
$31,053
per year
Per capita
$28,834
per year

Source: ACS 2019-2023 5-Year.

Home values in Martinsville city

Average values reported by homeowners.

Average home value
$92,500
Annual property tax
$746

Source: ACS 2019-2023 5-Year

Energy costs in Martinsville city

Estimated monthly electricity and gas costs.

Electricity
$153
per month · 14.6¢/kWh
Natural gas
$49
per month
Annual total
$2,424
per year

Source: EIA

Healthcare in Martinsville city

Insurance premiums and coverage rates.

Individual premium
$480
per month
Family premium
$1,350
per month
Uninsured rate
8.7%

Source: ACS + national avg. Marketplace benchmark premiums are second-lowest Silver plan estimates and do not reflect employer plans, subsidies, or out-of-pocket costs. This is not healthcare advice.

Taxes in Martinsville city

State and local tax rates for Virginia.

State income tax
5.8%
Top marginal rate
State sales tax
5.3%
Combined sales tax
5.8%
incl. average local

Tax rates change. Consult a qualified tax professional for advice on your specific situation. This is not tax advice.

Transportation in Martinsville city

Commute patterns and estimated costs.

Average commute
19.6 min
Drive alone
78.2%
Public transit
0.1%
Work from home
6.6%

Source: ACS

Monthly cost estimates for Martinsville city

What it costs to live in Martinsville city each month.

Single person
$2,562
per month
  • Rent $680
  • Energy $202
  • Water $55
  • Groceries $355
  • Transport $320
  • Healthcare $480
  • Federal tax $343
  • State tax $127
Couple
$3,593
per month
  • Rent $851
  • Energy $242
  • Water $65
  • Groceries $588
  • Transport $420
  • Healthcare $864
  • Federal tax $381
  • State tax $182
Family
$5,929
per month
  • Rent $1,025
  • Energy $303
  • Water $75
  • Groceries $893
  • Transport $520
  • Healthcare $1,350
  • Childcare $1,200
  • Federal tax $381
  • State tax $182

Frequently asked questions about Martinsville city

Common questions about cost of living, rent and salary.

What is the average rent in Martinsville city?

In Martinsville city, VA, a one-bedroom apartment averages $680 per month, a two-bedroom averages $851 per month, a three-bedroom averages $1,025 per month, according to HUD Fair Market Rent data.

What is the average salary in Martinsville city?

In Martinsville city, VA, the average household income is $42,434 per year and individual earnings for full-time workers average $31,053 per year, according to U.S. Census Bureau data.

What is the cost of living in Martinsville city?

The estimated cost of living in Martinsville city, VA is approximately $2,562 per month for a single person, $3,593 for a couple, $5,929 for a family. This includes rent, utilities, groceries, transportation, healthcare, and taxes.

What is the sales tax rate in Martinsville city?

The combined sales tax rate in Martinsville city, VA is 5.75%, which includes the Virginia state rate of 5.30% plus an average local rate of 0.45%.

Is Martinsville city an affordable place to live?

Based on the data, a single person in Martinsville city, VA would need approximately $2,562 per month to cover rent, utilities, food, transport, healthcare, and taxes. The average household income is $42,434 per year ($3,536 per month). Martinsville city has a high cost of living relative to local earnings.

How much does healthcare cost in Martinsville city?

The ACA marketplace benchmark premium in Martinsville city, VA is approximately $480 per month for an individual. Approximately 8.7% of residents are uninsured. Actual costs vary based on employer coverage, plan type, and individual circumstances.

What are house prices in Martinsville city?

The average home value in Martinsville city, VA is $92,500, with average annual property taxes of $746, according to U.S. Census Bureau data.

How does Martinsville city compare to other areas?

You can compare Martinsville city, VA with any other US county using our comparison tool at /compare. Martinsville city is in the Martinsville, VA metro area.

Other counties in Virginia

Browse the full list of counties in Virginia, ranked by cost of living.

See all counties in Virginia

Compare Martinsville city with another area

Put two counties side by side to see how rent, taxes and everyday costs stack up.

About this data

All figures on this page come from official U.S. government sources, listed below.

  • HUD FMR FY2025
  • ACS 2019-2023 5-Year
  • EIA
  • ACS + national avg
  • ACS
  • USDA + BEA RPP
Methodology All data sources