Bailey's Crossroads cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexBailey's CrossroadsVirginiaNational
Cost of living index124108100
IndexBailey's CrossroadsVirginiaNational
Goods & Services index98100100
Groceries index11294100
Health care index9499100
Housing index171133100
Transportation index12193100
Utilities index98100100
The above illustration supplies generalized information for the Bailey's Crossroads, VA cost of living index. Compared to other cities in Virginia and cities across the country, the cost of living index in Bailey's Crossroads, VA is 124, which is 14% higher than the Virginia average and 24% higher than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Bailey's Crossroads, VA are 2% lower than the average for Virginia and 2% lower than the rest of the country.

Did you know?

  • The cost of living in Bailey's Crossroads is 14% higher than the Virginia average.
  • The cost of living in Bailey's Crossroads is 24% higher than the national average.
  • The cost of housing in Bailey's Crossroads is 71% higher than the national average.
  • Virginia general sales tax is 4% higher than the national average.
  • Virginia state income tax is 10% lower than the national average.

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Compare Bailey's Crossroads, VA Cost of living To Other Cities

Salary Calculator

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The salary calculator allows you to compare how much your current salary in Bailey's Crossroads, VA would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Bailey's Crossroads, VA, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Bailey's Crossroads, VA salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$101,935$8,495$2,378$3,058
Renters$49,987$4,166$1,166$1,500
A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Bailey's Crossroads, VA, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Bailey's Crossroads, VA has a median income of about $101,935 for people who own homes. Based on that number, a person should spend a maximum of $2,378 on expenses related to housing. Renters have a slightly different median income, which is $49,987. Based on this average, renters should spend no more than $1,166 on all of their rental costs if they want to maintain a non-impoverished standard of living.

Virginia Sales Tax

StateGeneral Sales TaxWith Max Surtax
Virginia5.3%6%

Virginia Income Tax

StateIncome Tax (Low)Income Tax (High)
Virginia2%5.75%
When you are determining the total cost of living in Bailey's Crossroads, VA you will want to make sure you consider both the Virginia sales tax and the Virginia income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in Virginia is 5.3%, with the highest surtax being 6%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in Virginia have a range from 2% to 5.75%.

Goods & Services

ItemBailey's CrossroadsNational avg.Difference
Haircut $17.50$14.5919.9%
Beauty Salon $53.25$34.6853.5%
Toothpaste $2.24$2.479.4%
Shampoo $1.02$1.020.2%
Movie $12.71$9.8728.8%
Bowling $5.38$4.3922.5%

Groceries

ItemBailey's CrossroadsNational avg.Difference
Ground Beef $3.49$4.4822.0%
Fried Chicken $1.66$1.4613.4%
Milk $2.68$2.3613.7%
Potatoes $3.69$3.0620.5%
Pizza $8.00$9.2413.4%
Beer $9.29$8.637.6%

Health Care

ItemBailey's CrossroadsNational avg.Difference
Optometrist $73.50$99.7826.3%
Doctor $87.20$105.0317.0%
Dentist $86.40$88.702.6%
Ibuprofen $11.38$9.4120.9%
Lipitor $293.64$298.501.6%

Housing

ItemBailey's CrossroadsNational avg.Difference
Home Price $310,700.00$175,700.0076.8%
Avg. Mortgage Payment $2,743.63$1,081.03153.8%
Apartment Rent $1,445.00$920.0057.1%

Transportation

ItemBailey's CrossroadsNational avg.Difference
Gasoline $2.59$2.0923.8%
Tire Balancing $52.00$45.2914.8%

Utilities

ItemBailey's CrossroadsNational avg.Difference
All Electricity$167.80$170.801.8%
Phone $27.32$28.263.3%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Woodlawn, VA2,08286-14%
Cottage City, MD1,07099-1%
Belle Haven, VA37695-5%
Capitol Heights, MD4,4521055%
Silver Hill, MD5,3351055%
Bailey's Crossroads, VA24,94712424%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Ponca City, OK24,95182-18%
Alvin, TX24,93887-13%
Ilchester, MD24,95912828%
Elmwood Park, IL24,9601099%
Baldwin, NY24,89715656%
Bailey's Crossroads, VA24,94712424%
Source: The Bailey's Crossroads, VA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.