What Is The Cost Of Living In Virginia?
May 23, 2023Why are you searching a lot to know the cost of living in Virginia? This single article will give you all costs including housing, transportation, health care, grocery, utility, travel, and many more. The best thing about the state of Virginia is that it is ranked at the 7th number as the best state to live in by the US news. But the cost of living here is more than the national average. So, let’s move toward the cost of living in Virginia.
What Is The Cost Of Living In Virginia?
The cost of living in Virginia is calculated based on the cost of housing, grocery, transportation, utilities, and many more. The table given below will give you the average cost of living in West Virginia based on the US average of 100. An amount more than 100 means the average cost of living in Virginia per month is more expensive than the national average.
| Cost Of Living For | Virginia | USA |
|---|---|---|
| Housing | 111.8 | 100 |
| Grocery | 99.6 | 100 |
| Transportation | 99.4 | 100 |
| Utilities | 99.3 | 100 |
| Health | 102.4 | 100 |
| Miscellaneous | 100.5 | 100 |
| Median Home Cost | $329,200 | $291,700 |
| OverAll | 103.7 | 100 |
Note: The cost of living in Virginia given above it as per the year of 2019, now it may be changed due to some factors.
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Home Rent
Before making your big move, you should build a big budget for house rent, because it is the highest living expense. While going through the given table you can guess the cost of living in Northern Virginia from the house rental cost in different cities in Virginia.
| City | Approx 1 Bedroom Rent | Approx 2 Bedroom Rent |
|---|---|---|
| Virginia Beach | $1378 | $1619 |
| Chesapeake | $1424 | $1532 |
| Norfolk | $992 | $1197 |
| Arlington | $2000 | $2420 |
| Alexandria | $1775 | $2171 |
Food Cost
The cost of living in Virginia vs Texas gives that the state of Virginia is costlier to live than Texas. The average Virginia resident spends about $ 3177 on food or about $ 264.75 a month. The table given below will be the approximate cost of dinner for 2 people in the different cities in the state of Virginia.
| City | Approx Dinner For 2 |
|---|---|
| Virginia Beach | $80 |
| Chesapeake | $60 |
| Norfolk | $60 |
| Arlington | $85 |
| Alexandria | $63 |
Travel Cost
Virginia is a most densely populated city, and public transportation is readily available. It is recommended that you have a vehicle of your own, despite the many public transport captions. The average annual transportation costs come out to about $5113 for a single individual.
Other Expenses
The other expenses include health care, utility bills, internet bills, fitness cost, tax rates, etc. Here are the other expenses.
Health Care
When you see the cost of living in Virginia vs Arizona, you find Virginia more expensive than Arizona. A single adult without children can anticipate paying around $2,866 for medical care in a single year. A family with four working adults and two children can expect to pay $ 8394.
Utility Bills
The state of Virginia has a subtropical climate, meaning summers can be hot and humid but mostly mild. Winter typically brings snowfall throughout the state. The average cost of monthly utilities, including electricity, water, cooling, heating, and garbage for a 915 square foot apartment, is broken down by the major cities in Virginia.
Internet Bills
Without the Internet you can not perform online work effectively. The provider is named CenturyLink for 3 to 1000 Mbps $49 per month, Shentel of 50 to 1000 Mbps costs $40 per month.
Fitness
Regardless of your personal performance, there are fitness opportunities for everyone in Virginia so don’t forget to account for these expenses when calculating your budget. The cost of living in West Virginia is high because of high rates of fitness.
Entertainment
Besides its smaller size, the state of Virginia is home to 22 national parks, with tons of Civil War sites. Entry fees vary, but you can also purchase America the Beautiful National Parks and the annual Federal Recreational Lands Pass for $ 80, allowing access to all parks, which is very popular.
Taxes
The sales tax rate of the state for most locations in Virginia is 5.3%. Several areas have an additional regional or local tax also.
FAQ
Is Virginia Expensive To Live In?
Virginia is one of the most expensive states in America, according to the Economic Policy Institute. The cheapest metro area to live in is Richmond at about $83,000 a year, while you need to earn over $110,000 a year to live in many parts of Fairfax and Loudon Counties.
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Is Virginia An Affordable Place To Live?
Virginia scores a 103.7 on the cost of living index which is based on a U.S. average of 100. This means compared to the national average, the cost of living in Virginia is more expensive. However, compared to other east coast cities, Virginia is relatively affordable and has a reasonable cost of living.
Is Virginia Safe To Live?
That high level of concern is surprising given Virginia’s solid track record of low crime rates. Despite more daily concern about crime and safety, 53% of Virginians feel safe in their state, putting Virginia just below the national average of 55%.
Is Virginia Cheaper Than New York?
The cost of living in Richmond, VA is -47.1% lower than in New York, NY. You would have to earn a salary of $31,735 to maintain your current standard of living. Employers in Richmond, VA typically pay -17.1% less than employers in New York, NY.
Is Moving To Virginia A Good Idea?
There are many pros and cons to moving to Virginia, but the pros definitely outweigh the cons. With a low crime rate, great quality of healthcare, and a strong economy, it is no surprise that Virginia is one of the best places to live. Surrounded by history and living in the heart of where America began is pretty cool.
Are People Friendly In Virginia?
For the most part, Virginians are the friendliest people you’d ever want to meet. They’ll talk about almost anything, they’ll go out of their way to help and they’re (usually) the sweeter-than-sugar kind of polite.
How Much Does It Cost To Live In Virginia Per Month?
What is the cost of living in Virginia per month? The average cost of living in Virginia per month is $2,532, exclusive of annual taxes. The average monthly rent in Virginia is $1,104.
How Much Money Do You Need To Live Comfortably In Virginia?
To live comfortably in Virginia, an annual income of $64,947 is needed, according to the 50/30/20 budgeting rule (50% for necessities, 30% for discretionary expenses, and 20% for savings). Virginia’s median household income is $74,222, making it an affordable place to live.
What Are Famous Things From Virginia?
Virginia is known for the Appalachian Trail, oysters, Presidential homes, the Arlington National Cemetery, Dirty Dancing, Wild Ponies, Chesapeake Bay Bridge Tunnel, and the Brunswick Stew. Virginia is also famous for Shenandoah National Park and the numerous lakes it houses within its borders.
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Conclusion
Now you know what is the cost of living in Virginia. Virginia offers rental opportunities for all, everything from small mountain cabins to highrises in branches cities. With its rugged mountains and equally scenic valleys, there is plenty to see for yourself, no matter where you live in Virginia. If you are looking to move somewhere where you can fully enjoy the seasons and have anything you might need at your fingertips, Virginia might be the place for you. So, this is all about the cost of living in Virginia.
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