Oakwood, VA Utility & Living Guide

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Oakwood, VA Utility & Living Guide

Living in Oakwood, VA offers a tranquil small-town experience with easy access to natural beauty and outdoor recreation

Last updated: June 26, 2026
Total Utilities$280/mo
1BR Rent$900/mo
Sales Tax5.3%
COL Index94 (-6% below national average)
Family Score7/10
Median Home$180,000
🌤️ Live Weather — Oakwood
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⚠️ Natural Hazard History — Oakwood
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💰 Budget Calculator
🔌 Utilities
🏠 Housing
📊 Cost of Living
💰 Taxes
👨‍👩‍👧 Families
🧮 Tools

Monthly Utility Costs

⚡ Electric

$140/mo

American Electric Power
🔥 Gas

N/A - Electric only
💧 Water

$50/mo

Buchanan County Public Service Authority
🗑️ Garbage

$30/mo

Buchanan County Waste Management
📶 Internet

$60/mo

Combined Average Overhead $280/month

Housing Market

Rent & Property
1 Bedroom$900/mo
2 Bedrooms$1200/mo
3 Bedrooms$1800/mo
Median Home Price$180,000
Property Tax Rate0.8%
Avg Childcare/mo$800

The housing market in Oakwood is relatively affordable, with a range of options from older homes to newer constructions. Rentals are also available, though options may be limited. Overall, the market is stable, with moderate demand.

Cost of Living

Overall COL Index

94

US national avg = 100
vs National Avg

-6% below national average

Groceries

97

Transportation

88

Healthcare

105

Childcare/mo

$800

Tax Rates

Tax Overview
Total Sales Tax5.3%
Property Tax Rate0.8%
<p>State 4.3% + County 1%</p>

Virginia has a progressive income tax system with rates ranging from 2% to 5.75%

Family & Relocation

Family Vibe Score
7/10
Safety Index

70

Higher = safer
School Rating

5.5/10

GreatSchools avg
Avg Childcare

$800/mo

City Pulse

Population Trend
-2% (declining)
Political Climate
Red
Business Momentum
Low, with key industries in coal mining and healthcare
Top Local Concerns
Economic development, job creation, infrastructure improvement
🚌 Transit for Families

Public transit options are limited in Oakwood, but the town's small size and walkability make it relatively stroller-friendly

🎡 Top Kid Attractions
  • 🎯
    Breaks Interstate Park
  • 🎯
    Buchanan County Fairgrounds
  • 🎯
    Council Recreation Center

Best Neighborhoods for Families

The area around Oakwood Avenue and Main Street offers a mix of older homes and newer constructions, with easy access to local amenities. Other neighborhoods, such as those near the park, offer a more rural feel and larger lots.

Household Budget Calculator

Estimate your real monthly cost of living in Oakwood based on your household profile.

Local Briefing & Neighborhood Pulse

Live Local News

Zoning laws and building codes are enforced by Buchanan County, and residents should be aware of these regulations when planning construction or renovation projects

Oakwood's economy is driven by coal mining and healthcare industries, with a growing trend towards tourism and outdoor recreation. However, the town faces challenges related to population decline and limited job opportunities.

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📊 Oakwood — Census & Demographic Data

Official data from the US Census Bureau, American Community Survey.

☀️ Seasonal Utility Costs

Summer months bring higher electricity costs due to air conditioning usage, while winter months see increased costs for heating. However, the town's mild climate means that these fluctuations are relatively moderate.

🏛️ Local Tax Details

The ZIP code 24631 has a property tax millage rate of 0.8, with no local surtaxes

👶 Family & Stroller Friendliness

6, due to the town's small size and walkability, as well as the presence of sidewalks and parks, but limited elevator access in public buildings and transit

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