Below Average CostSafer than AverageRoanoke County Public Schools
Median Income
$83,538
household / year
Median Home Value
$274,300
owner-occupied
Median Rent
$1,176
gross / month
Cost of Living
91
national avg = 100
Is Cave Spring, VA a Good Place to Live?
Cave Spring is a small city of 26,013 in Virginia, with a median household income of $83,538
and a 2.7% unemployment rate.
Its cost of living index is 91 (US average = 100), which is
9% below the national average.
Strengths:
Cave Spring stands out for an affordable cost of living, solid school ratings (A), a well-educated population, short average commutes.
Trade-offs:
No major red flags stand out in the available data. Whether Cave Spring is right for you depends on your priorities — the full breakdown is below.
All Cave Spring city data on this page comes from official government sources —
the US Census Bureau, FBI, NCES, BEA, and NOAA — updated annually.
Cost of Living
Index: 90.9
Cave Spring's overall cost of living index is 90.9,
where 100 represents the US national average.
Living in Cave Spring costs roughly 9% less than the average American city.
Metric
Cave Spring, VA
National Avg
Median Home Value
$274,300
$244,900
Median Monthly Rent
$1,176
$1,163
Homeownership Rate
67.9%
65.9%
Median Household Income
$83,538
$74,755
Crime & Safety
Safer than Average
Cave Spring's violent crime rate is 252.7 per 100,000 residents
— 34% lower than the national average of ~380 per 100,000.
Violent Crime
252.7 /100k
Property Crime
1308.1 /100k
Vertical marker = national average. Source: FBI UCR Program.
Schools & Education
Cave Spring is served primarily by Roanoke County Public Schools.
The student-to-teacher ratio is 13.6:1
(better than the national average of ~16:1).
Metric
Cave Spring, VA
National Avg
School District
Roanoke County Public Schools
—
Elementary Schools
16
—
Middle Schools
5
—
High Schools
5
—
Student/Teacher Ratio
13.6:1
16:1
Bachelor's Degree or Higher
50.4%
35.4%
High School Diploma or Higher
95.3%
91.1%
Weather & Climate
Cave Spring sees average highs of 47.1°F in January
and 88.1°F in July,
with 47.7 inches of annual precipitation
and 14.8 inches of snow per year.
Cave Spring's cost of living index is 91, where 100 is the national average.
That makes Cave Spring roughly 9% less expensive than a typical US city — a meaningful affordability advantage.
The median home price is $274,300 and median rent is $1,176/month.
Cave Spring's violent crime rate is 252.7 per 100,000 residents — the national average is ~380 per 100,000. Property crime is 1308.1 per 100,000 (national avg ~2,100). Data from the FBI Uniform Crime Reporting Program.
Public schools in Cave Spring are operated by Roanoke County Public Schools.
The district has 16 elementary, 5 middle, and 5 high schools.
The student-to-teacher ratio is 13.6:1. 50.4% of adults 25+ hold a bachelor's degree or higher.
Cave Spring, VA has a population of 26,013, a median household income of $83,538, and an unemployment rate of 2.7%.
It offers below-average costs of living, which stretches take-home pay further than in most American cities. Whether it's right for you depends on your priorities — use the compare tool above to stack it against another city you're considering.
Cave Spring averages 47.1°F in January and 88.1°F in July. Annual rainfall is 47.7 inches
with about 14.8 inches of snow per year.
Based on NOAA 30-year climate normals (1991–2020).
Cave Spring, VA is covered by 1 ZIP code: 24018.
The population of Cave Spring, Virginia is 26,013 with a median age of 40.9. Source: US Census ACS 5-Year Estimates.
Key numbers for living in Cave Spring: cost of living index 91 (100 = US average), median home $274,300, median household income $83,538, crime index 65 (100 = US average, lower is safer), schools rated A. Whether these are benefits or drawbacks depends on where you're coming from — compare Cave Spring side by side with your current city to see the trade-offs.