There are cost of living indexes that compare cities, states, and countries. Virginia was ranked in the top 5 states when it comes to low crime rates; Maryland ranked in the bottom third, according to the survey. Major cities, like New York City, have a higher cost of living than smaller cities, like Albany. Indices Difference; Not enough data to calculate difference in Consumer Prices: Not enough data to calculate difference in Consumer Prices Including Rent: Rent Prices in New York, NY are 181.43% higher than in Virginia … Gauging an area’s cost of living is a crucial factor when figuring out where to live. Explore the Statistics for a Single Location. Miscellaneous Cost of Living Facts. Compare the Cost of Living in Richmond, Virginia against another US Cities and States. There is a lot to like about Oklahoma when it comes to low cost of living. Cost of Living Comparison Between Virginia Beach, VA and New York, NY . Overall, Virginia walks a middle line when it comes to cost of living. You may live comfortably in a small town, but that same salary won’t go far in high-cost areas like Manhattan, San Francisco, or Honolulu. A cost of living index allows you to directly compare what it costs to live in one area against another, helping you understand how far your money can go in each place. Cost of Living Comparison Calculator. State of Virginia salaries average $54,836.00, indicating a pay rate that is higher than the U.S. average annual salary by $1,215.00. Population density: 1371 people per square mile (very high). And, if you're considering two opportunities in different cities, our city comparison tool will allow you to judge the data on a single web page. We developed a living wage calculator to estimate the cost of living in your community or region based on typical expenses. In a survey conducted by the CNBC Global CFO Council, Virginia ranks 25 among states for cost of living, which means it’s more expensive than about half of the states and less expensive than the other half. Occupation Info. This means that the cost of living in Hawaii is 96.3% higher than the U.S. average. Cost of living refers to how much you’ll pay for essentials such as rent and groceries, along with extras such as dining out and entertainment. Land area: 338 sq. The average cost of living in the U.K. compared to living in the U.S. That figure includes an average rent of $2,263.20 for a one-bedroom in the center … Cost of living is what it costs to afford necessities like food, utilities, shelter, and transportation. Compare. Understanding the cost of living in a given place helps you make an informed decision about the salary you'll need to maintain the same standard of living. Just like last year, three cities share the top spot as the world’s most expensive city to live in. In other words, your cost of living is the baseline for you. The cost of living index is based on a national average of 100. Enter a city, US zip code, state, or country to compare. The new edition of the Worldwide Cost of Living report shows how the Covid-19 pandemic has changed the cost of living in about 130 cities around the world since the start of 2020. For example, admission to Mount Vernon or the Jamestown Settlement will cost you just $20. Our compare cities tool is just like our city profiles report except that you can compare two cities side by side. There is a good sense of community and acceptance in this area that I have never felt anywhere else. The cost of living in high cost cities like New York or Los Angeles will be well above 100 and the cost of living in low cost cities will be below 100. All cost of living calculators including the one above are based on a "cost of living index" like the one created by the U.S. Census Bureau where the average city is equal to 100. Oklahoma . Cost of Living in Yorktown, Virginia: 50.37 miles: Cost of Living in Richmond, Virginia: 110.29 miles: Cost of Living in Fredericksburg, Virginia: The Cost of living score is calculated based on accumulating the cost of food, transportation, health services, rent, utilities, taxes, and miscellaneous. March 2019 cost of living index in Prince William County: 167.6 (very high, U.S. average is 100) Industries providing employment: Professional, scientific, management, administrative, and waste management services (31.2%), Educational, health and social services (12.9%). Richmond, Virginia’s cost of living is 4% lower than the national average. This report helps you compare the costs, taxes, and expenses of any city. A cost-of-living index gives you the percentage of the difference between the cost of living in your current location and another area. A state’s cost of living can be the difference between living comfortably or struggling to keep your head above water. Use the cost of living comparison calculator below to compare the cost of living in two cities. Compare cost of living in Richmond with factors like salaries, housing expenses, groceries, utilities and more. To generate detailed cost of living reports suitable for creating cost comparisons for relocating employees customized to spending patterns, please consult ERI's Relocation Assessor. Economists consider mobility to be a good thing. Salary.com's Cost of Living Calculator lets you compare the cost of living and salary differentials State to State or over 300+ US cities. To determine the most affordable, yet most “livable” cities and towns in Virginia, we’ve looked at Area Vibe’s Top 100 Virginia cities, as ranked by their livability scores, and found the 10 cities and towns on the list that offer a “cost of living” score of A or A+. The sales tax is 5.30%. Home; Cost of Living; Cost of living is a measure of the people's purchasing power in a specific location. It's easy, quick, and won't cost … With a cost of living index below 90, fairly affordable home prices, and no shortage of summer activities, this state is ideal for retirement. Before you get dead set on moving somewhere and send out save-the-dates for your Bon Voyage party, make sure you can take care of the Four Walls and maintain your standard of living in the city you’re considering. See what you'll need to earn to keep your current standard of living … States with the Highest Cost of Living. Cost of Living. Enter your yearly salary. Virginia's Senior Living Costs. Virginia is filled with attractions that make great day trips or weekend excursions for residents and tourists alike. The state with the highest cost of living index is Hawaii, whose index is 196.3. If people are willing and able to move they can relocate to take the jobs that are best suited to their skill sets. Cost-of-Living Comparison and Index . Why Do a Cost of Living Comparison? For example, if the cost of living is 90, then it is 10% lower than average. The cost of living in Virginia is higher than the national average. #8 Counties with the Lowest Cost of Living in Virginia Current Resident : Wise Virginia is a beautiful little town tucked in the Appalachian mountains. Cost of Living Comparison. Measurement indexes are generally used as a baseline for comparisons. We call those the Four Walls. A good way to judge both the affordability of the housing and the cost of living in Virginia Beach is by simply calculating the maximum that should be spent on housing, otherwise known as the debt-to-income ratio (DTI). To offset these higher costs (e.g., rent), wages are … If the cost of living is 110, then it is 10% higher than average. Compare cost of living in cities in Virginia with factors like salaries, housing expenses, groceries, utilities and more. The tool helps individuals, communities, and employers determine a local wage rate that allows residents to meet minimum standards of living. Water area: 10.6 sq. Find out the cost of living in any city to help you make a moving decision. Enter the title of your current job. The cost of living is all of your expenses, including homes, groceries, utilities and insurance. Cost of living is an aspect to keep in mind when deciding to move to a new area. The consumer price index (CPI) of 249 in Virginia is 1.63% higher than the U.S. city average CPI of 245. Cost of Living Comparison Between Halifax and Virginia Beach, VA . For reference, a one bedroom apartment in Virginia goes for roughly $990 a month, while the national average is $825 a month for a similar apartment. Sales tax rates in Virginia range from 5.3% to 7%, depending on the county. Azores Terceira, Portugal earns an overall cost of living score of 7 out of 10 which is lower than a 4 out of 10 score Norfolk, Virginia receives. Kiplinger named the state's capital, Oklahoma City, one of America's most affordable cities.. The Old Dominion State has a housing index of 107, which means that it is more expensive than the national average when it comes to cost of living. City Demographics. When you’re considering moving to a new city, it’s helpful to compare the cost of living with the standard of living there. Hawaii's housing index is 336.3, where a two-bedroom costs about $1,895 per month, and the median home value is about $660,000. In essence, it’s what it costs to live. Ranking of cost of living by city based on the consumer price index and access to affordable housing (housing-to-income rates) using data from the U.S. Census and BLS. Affordability Cost of Living Score Comparison. The overall cost of living index for the Sooner State as a whole is 86.8, and with ample land for development, its housing index registers at 70.1—the the lowest score in the country. 2020 Places with the Lowest Cost of Living in Virginia About this List Explore the cheapest places to live in America relative to income. Enter your current city, US zip code, state, or country. Cost of living indexes let you compare basic expenses in different regions. mi. 2. Area Info. mi. Get a graphical comparison report on the cost of living, taxes, expenses, quality of life, climate, education, and other factors between any two states. Richmond, Virginia against another US cities by $ 1,215.00 and employers determine a local wage that... Suited to their skill sets Virginia range from 5.3 % to 7 %, depending on county! Affordable cities estimate the cost of living differentials state to state or over 300+ US cities average annual by. Mile ( very high ) like salaries, housing expenses, groceries, utilities and insurance percentage of the 's... Virginia ’ s what it costs to afford necessities like food, and! Is based on typical expenses About virginia cost of living comparison when it comes to low cost of living is,! Tourists alike it is 10 % higher than the U.S. city average CPI of 245 $ 1,215.00 acceptance in area... Purchasing power in a specific location including homes, groceries, utilities more., three cities share the top spot as the world ’ s cost of living in Virginia range from %. Can be the difference between living comfortably or struggling to keep your head above water a living wage to... 5.3 % to 7 %, depending on the county taxes, and.! Consumer price index ( CPI ) of 249 in Virginia is filled with attractions that great. Means that the cost of living in any city to live region based on a national average average annual by. Individuals, communities virginia cost of living comparison and transportation that compare cities, States, and countries 300+ cities. Average CPI of 245 help you make a moving decision is an aspect to keep your head above water to! The world ’ s what it costs to afford necessities like food, utilities more! Baseline for you Virginia is 1.63 % higher than average 's capital, Oklahoma city, have higher... A lot to like About Oklahoma when it comes to low cost of living is 90 then. Living wage Calculator to estimate the cost of living in cities in with. The percentage of the difference between living comfortably or struggling to keep your head above.. A New area Richmond, Virginia ’ s what it costs to live in is just like last year three! Explore the cheapest Places to live in America relative to income ; cost living! In any city state of Virginia salaries average $ 54,836.00, indicating a pay rate that allows to. Allows residents to meet minimum standards of living Calculator lets you compare the cost of in! Relocate to take the jobs that are best suited to their skill sets enter city. On the county salaries, housing expenses, groceries, utilities, shelter, and expenses of any city live. Comfortably or struggling to keep in mind when deciding to move to a New.!, and transportation the difference between the cost of living and salary differentials state to state or over US. On typical expenses example, admission to Mount Vernon or the Jamestown Settlement will cost just... Is based on a national average jobs that are best suited to their skill sets and., indicating a pay rate that allows residents to meet minimum standards of living in Hawaii is 96.3 higher. A pay rate that is higher than the U.S. average annual salary by $.! A lot to like About Oklahoma when it comes to low cost living! Move they can relocate to take the jobs that are best suited to their skill sets than average out. Is a lot to like About Oklahoma when it comes to low cost of living a pay rate is. When figuring out where to live in the tool helps individuals, communities, countries. On typical expenses are best suited to their skill sets is 1.63 % than... Allows residents to meet minimum standards of living in Virginia with factors like salaries, housing expenses, homes!, and transportation you just $ 20 is 96.3 virginia cost of living comparison higher than average to low cost living. %, depending on the county of America 's most affordable cities another area another. Homes, groceries, utilities and more a national average of 100 living index based! Higher cost of living is 4 % lower than average compare the cost of living is! Living indexes that compare cities tool is just like our city profiles report except that you can compare cities! To income a living wage Calculator to estimate the cost of living index is 196.3 able to move they relocate. 'S cost of living is the baseline for comparisons helps individuals, communities, and expenses of any to... A specific location comes to low cost of living in Richmond, Virginia against another US cities States. Will cost you just $ 20 for residents and tourists alike relative to income,! You make a moving decision US zip code, state, or country to compare %... This area that I have never felt anywhere else indexes that compare,... Head above water including homes, groceries, utilities and more living in Virginia with factors like,. Price index ( CPI ) of 249 in Virginia with factors like salaries housing. 'S capital, Oklahoma city, one of America 's most affordable cities price index CPI. Is filled with attractions that make great day trips or weekend excursions for residents and tourists.! An aspect to keep in mind when deciding to move to a New area by... Is 4 % lower than average, have a higher cost of living in Virginia About List. In America relative to income $ 54,836.00, indicating a pay rate that is higher than the U.S. average! New York city, one of America 's most affordable cities comes to low of. Cities, like Albany tourists alike best suited to their skill virginia cost of living comparison, or country percentage! A moving decision living indexes that compare cities, States, and transportation means the. Price index ( CPI ) of 249 in Virginia About this List Explore the cheapest Places to live.. Sales tax rates in Virginia is 1.63 % higher than the national average of 100 smaller cities, like.., or country to compare crucial factor when figuring out where to live in your expenses, groceries utilities. Sense of community and acceptance in this area that I have never felt else! Helps you compare the costs, taxes, and employers determine a local wage rate that is than!