Cost of living in Independence, Virginia

Independence, Virginia has about 1,132 people. That count is a 2020–2024 Census average, not a headcount from one day.

A typical home is worth about $122,400.

HUD's fair-market rent for a 2-bedroom in Grayson County is $943 a month. That is the county number, not an apartment listing in Independence. It runs from October 2026 through September 2027.

Virginia's prices sit at 101.1 when the U.S. average is 100. This place is not in a metro area with its own index, so this is the state number from BEA for 2024.

Virginia taxes wages. A typical combined sales tax is 5.8% as of January 1, 2026. That mix is statewide, not Independence's exact store tax.

In July 2026, a typical Virginia home paid 17.55¢ per kilowatt-hour. That is a state average from EIA, not Independence's bill.

EIA did not publish a 2025 all-grades gas price for Virginia in the table we use.

Among 343 places we list in Virginia with a rent figure, 329 have higher typical rent than Independence.