Why Do a Cost of Living Comparison? Find out the cost of living in any city to help you make a moving decision. Virginia is filled with attractions that make great day trips or weekend excursions for residents and tourists alike. Gauging an area’s cost of living is a crucial factor when figuring out where to live. Use the cost of living comparison calculator below to compare the cost of living in two cities. 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. Land area: 338 sq. The tool helps individuals, communities, and employers determine a local wage rate that allows residents to meet minimum standards of living. Enter the title of your current job. 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. Sales tax rates in Virginia range from 5.3% to 7%, depending on the county. Enter a city, US zip code, state, or country to compare. A state’s cost of living can be the difference between living comfortably or struggling to keep your head above water. Cost of Living Comparison. Compare the Cost of Living in Richmond, Virginia against another US Cities and States. There is a good sense of community and acceptance in this area that I have never felt anywhere else. To offset these higher costs (e.g., rent), wages are … Oklahoma . 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. Population density: 1371 people per square mile (very high). 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. There is a lot to like about Oklahoma when it comes to low cost of living. 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. 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. Area Info. For example, admission to Mount Vernon or the Jamestown Settlement will cost you just $20. We call those the Four Walls. City Demographics. 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. It's easy, quick, and won't cost … Affordability Cost of Living Score Comparison. 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 … We developed a living wage calculator to estimate the cost of living in your community or region based on typical expenses. 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. 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%). States with the Highest Cost of Living. Economists consider mobility to be a good thing. Cost of living is what it costs to afford necessities like food, utilities, shelter, and transportation. Kiplinger named the state's capital, Oklahoma City, one of America's most affordable cities.. Cost of Living Comparison Calculator. Home; Cost of Living; Cost of living is a measure of the people's purchasing power in a specific location. Compare cost of living in cities in Virginia with factors like salaries, housing expenses, groceries, utilities and more. 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. The consumer price index (CPI) of 249 in Virginia is 1.63% higher than the U.S. city average CPI of 245. 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. 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. Major cities, like New York City, have a higher cost of living than smaller cities, like Albany. 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). Water area: 10.6 sq. 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. 2. Cost-of-Living Comparison and Index . Measurement indexes are generally used as a baseline for comparisons. Our compare cities tool is just like our city profiles report except that you can compare two cities side by side. If the cost of living is 110, then it is 10% higher than average. 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. With a cost of living index below 90, fairly affordable home prices, and no shortage of summer activities, this state is ideal for retirement. In essence, it’s what it costs to live. For example, if the cost of living is 90, then it is 10% lower than average. 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. When you’re considering moving to a new city, it’s helpful to compare the cost of living with the standard of living there. Compare. Miscellaneous Cost of Living Facts. #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 indexes let you compare basic expenses in different regions. 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 … The cost of living in Virginia is higher than the national average. mi. Cost of Living Comparison Between Virginia Beach, VA and New York, NY . 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