01 - Taxes
Retirement Tax Treatment
Virginia does not tax Social Security benefits, though other retirement income is subject to state income tax.
Source · Tax Foundation
8
Fact text
- Cave Spring is home turf for NFL twins Tiki and Ronde Barber, a Giants running back and a Buccaneers Hall of Fame cornerback from the same neighborhood.
- J.J. Redick grew up here and went from Cave Spring kid to head coach of the Los Angeles Lakers.
- Roanoke County runs its offices out of Cave Spring, yet the official county seat is actually the neighboring city of Salem, a quirky bureaucratic split.
- The post office thinks most of Cave Spring is part of Roanoke City, even though it's actually in Roanoke County, confusing mail carriers since forever.
Your
Cave Spring
Retirement Outlook — in 90 seconds
Hosted by Michael McMillan, President of Annuities.net
Every figure mentioned is drawn from the same sourced public data shown below — and the video updates as the data does.
25,193
+
Total Population
$
68,225
Median Income
$
224,700
Median Home
21
%
Age 65+
Retirement Suitability
How
Cave Spring
ranks for retirees?
41
/ 100
A blended, sourced view of how this city ranks for retirees across tax, affordability, healthcare, and climate.
Tax
8
Affordability
65
Healthcare
50
Climate
52
Results
Cave Spring
Suitability Breakdown
02 - Income
Annuity Rates Available Here
Fixed annuity rates reach up to
7
% on 5-year terms, with most landing between
5
% and
5
%.
Source · Cannex
65
03 - Healthcare
Hospital Access & Quality
The area has
Medicare-certified hospitals, averaging a
/5 CMS quality rating.
Source · CMS Hospital Compare
04 - Climate
Weather & Comfort
A
Temperate
climate — summers peak near
85
°F, winters dip to about
29
°F, with roughly
17
″ of snow a year.
Source · NOAA Climate Normals
Temperate
05 - Risk
Natural Disaster Risk
FEMA's overall natural-disaster risk rating for this county on the National Risk Index.
Source · FEMA National Risk Index
Relatively Low
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Frequently Asked Questions
Does Virginia tax Social Security or retirement income for retirees in Cave Spring?
Virginia does not tax Social Security benefits, which is a meaningful advantage for retirees relying on that income. Other retirement income, such as pensions or withdrawals, is subject to Virginia state income tax. Retirees should verify how their specific income sources are treated under current state rules before making financial plans.
How can Cave Spring retirees get predictable income without worrying about market swings?
Cave Spring already leans heavily retirement-oriented, with more than one in five of its roughly 25,000 residents aged 65 or older. For income-focused retirees here, a multi-year guaranteed annuity locks in a fixed interest rate for a set term, so your growth is predictable regardless of market swings. That certainty helps cover essential expenses alongside Social Security, which Virginia does not tax. Because guaranteed annuity rates shift frequently, check our current annuity rates page for today’s figures.
What is the natural-disaster risk like for retirees settling in Cave Spring, Virginia?
FEMA’s National Risk Index rates Cave Spring’s county as having a Relatively Low overall natural-disaster risk. For retirees planning long-term, this can mean greater stability in property values and lower likelihood of disruption from major disaster events compared to higher-risk regions across the country.
What is the cost of housing like in Cave Spring, VA for someone approaching retirement?
The median home value in Cave Spring is $224,700, which sits below many national metro averages. This relatively modest price point can make it easier for retirees to manage housing costs, whether downsizing or purchasing outright, potentially freeing up more income for healthcare and living expenses in retirement.
What is the climate like year-round in Cave Spring, VA for older adults considering a move?
Cave Spring has a temperate climate with average summer highs around 85 degrees Fahrenheit and average winter lows near 29 degrees. Annual snowfall averages about 17 inches. The four-season pattern offers variety without extreme heat or severe winters, which many retirees find manageable for day-to-day living and outdoor activity.