Brandermill 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.
IndexBrandermillVirginiaNational
Cost of living index108109100
IndexBrandermillVirginiaNational
Goods & Services index97100100
Groceries index9395100
Health care index105101100
Housing index135133100
Transportation index9593100
Utilities index99100100
A general summary of the cost of living index in Brandermill, VA is shown above. Compared to the state average of Virginia the cost of living index in Brandermill, VA is 108, which is equal to the average in Virginia and compared to the national average it is 8% higher than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In Brandermill, VA goods and services come in at 3% lower than the average in Virginia and are 3% lower than compared to the nationwide average.

Did you know?

  • The cost of living in Brandermill is equal to the Virginia average.
  • The cost of living in Brandermill is 8% higher than the national average.
  • The cost of housing in Brandermill is 35% 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 Brandermill, VA Cost of living To Other Cities

Salary Calculator

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The salary calculator is meant to help you compare your salary in Brandermill, VA to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Brandermill, VA, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Brandermill, VA salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$87,390$7,283$2,039$2,622
Renters$65,370$5,448$1,525$1,961
The affordability of the housing market in Brandermill, VA as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Brandermill, VA homeowners, the median income is $87,390. This indicates that a monthly maximum of $2,039 should be spent by homeowners on all housing related costs. Renters have a median income of $65,370. This indicates that renters should have a maximum of $1,525 used for their rent related monthly costs.

Virginia Sales Tax

StateGeneral Sales TaxWith Max Surtax
Virginia5.3%6%

Virginia Income Tax

StateIncome Tax (Low)Income Tax (High)
Virginia2%5.75%
The Virginia sales tax and Virginia income tax rates should definitely be considered when determining the overall cost of living in Brandermill, VA. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The Virginia sales tax is 5.3% and the maximum surtax is 6%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The Virginia income tax rates range from 2% to 5.75%.

Goods & Services

ItemBrandermillNational avg.Difference
Haircut $18.67$15.5619.9%
Beauty Salon $36.33$36.110.6%
Toothpaste $1.78$2.4728.1%
Shampoo $0.88$0.968.5%
Movie $10.96$10.138.3%
Bowling $5.49$4.7415.9%

Groceries

ItemBrandermillNational avg.Difference
Ground Beef $3.97$3.980.3%
Fried Chicken $1.71$1.4121.3%
Milk $1.49$2.0628.0%
Potatoes $2.57$2.9813.8%
Pizza $8.46$9.4710.7%
Beer $9.40$8.796.9%

Health Care

ItemBrandermillNational avg.Difference
Optometrist $98.96$101.042.1%
Doctor $95.17$107.4411.4%
Dentist $112.80$90.4224.8%
Ibuprofen $8.67$9.286.6%
Lipitor $403.57$426.505.4%

Housing

ItemBrandermillNational avg.Difference
Home Price $234,800.00$175,700.0033.6%
Avg. Mortgage Payment $983.91$1,133.2313.2%
Apartment Rent $1,286.00$920.0039.8%

Transportation

ItemBrandermillNational avg.Difference
Gasoline $1.88$1.995.6%
Tire Balancing $43.47$45.765.0%

Utilities

ItemBrandermillNational avg.Difference
All Electricity$146.74$163.8110.4%
Phone $31.66$28.3911.5%
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.
Bensley, VA5,86592-8%
Bellwood, VA5,88992-8%
Ettrick, VA5,66093-7%
Dumbarton, VA8,34694-6%
East Highland Park, VA14,23594-6%
Brandermill, VA13,5701088%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Palos Verdes Estates, CA13,568332232%
North Adams, MA13,5631022%
Bellair-Meadowbrook Terrace, FL13,57892-8%
Niceville, FL13,5621022%
Glenn Dale, MD13,58414141%
Brandermill, VA13,5701088%
Source: The Brandermill, VA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.