Bridgewater 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.
Cost of living index101108100
Goods & Services index99100100
Groceries index9394100
Health care index10499100
Housing index108133100
Transportation index8993100
Utilities index105100100
An overview of the general cost of living index for Bridgewater, VA is displayed above for your reference. Residents in Bridgewater, VA enjoy a cost of living index of 101. This index is 7% lower than the Virginia average, and 1% higher than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Bridgewater, VA, the average cost of goods and services is equal to it is in Virginia, and it is 1% lower than the national average.

Did you know?

  • The cost of living in Bridgewater is 7% lower than the Virginia average.
  • The cost of living in Bridgewater is 1% higher than the national average.
  • The cost of housing in Bridgewater is 8% 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 Bridgewater, VA Cost of living To Other Cities

Salary Calculator

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Goods & Services index
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Health care index
Housing index
Transportation index
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Use the salary calculator to compare your current income in Bridgewater, VA to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Bridgewater, VA, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Bridgewater, VA salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
One can approximate the cost of living and the housing affordability in Bridgewater, VA by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Bridgewater, VA have a median income of $71,964. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,679 per month to avoid calamity and poverty. The renters in the city have an income of about $40,833, which would make their monthly maximum allowable rental costs $953.

Virginia Sales Tax

StateGeneral Sales TaxWith Max Surtax

Virginia Income Tax

StateIncome Tax (Low)Income Tax (High)
One thing to keep in mind when considering the cost of living in Bridgewater, VA is the Virginia sales tax and Virginia income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The Virginia sales tax rate is 5.3% and the maximum surtax that can be charged is 6%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The Virginia income tax rates range from 2% to 5.75%.

Goods & Services

ItemBridgewaterNational avg.Difference
Haircut $8.88$14.5939.2%
Beauty Salon $29.50$34.6814.9%
Toothpaste $1.81$2.4726.8%
Shampoo $0.94$1.028.0%
Movie $11.00$9.8711.5%
Bowling $5.00$4.3913.9%


ItemBridgewaterNational avg.Difference
Ground Beef $4.42$4.481.3%
Fried Chicken $1.39$1.465.1%
Milk $2.11$2.3610.5%
Potatoes $4.05$3.0632.3%
Pizza $9.00$9.242.6%
Beer $9.41$8.639.0%

Health Care

ItemBridgewaterNational avg.Difference
Optometrist $102.25$99.782.5%
Doctor $122.00$105.0316.2%
Dentist $84.00$88.705.3%
Ibuprofen $8.81$9.416.4%
Lipitor $321.41$298.507.7%


ItemBridgewaterNational avg.Difference
Home Price $197,000.00$175,700.0012.1%
Avg. Mortgage Payment $1,103.63$1,081.032.1%
Apartment Rent $895.00$920.002.7%


ItemBridgewaterNational avg.Difference
Gasoline $1.96$2.096.3%
Tire Balancing $34.78$45.2923.2%


ItemBridgewaterNational avg.Difference
All Electricity$162.74$170.804.7%
Phone $33.36$28.2618.1%
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.
Churchville, VA6095-5%
Harriston, VA1,01289-11%
Grottoes, VA2,70595-5%
Verona, VA3,40594-6%
Weyers Cave, VA3,0241000%
Bridgewater, VA5,8121011%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Minot AFB, ND5,81312222%
Parkville, MO5,81111414%
Snyderville, UT5,81415353%
Cheraw, SC5,80986-14%
Chesapeake Beach, MD5,81612929%
Bridgewater, VA5,8121011%
Source: The Bridgewater, VA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.