Carrollton 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.
IndexCarrolltonVirginiaNational
Cost of living index115108100
IndexCarrolltonVirginiaNational
Goods & Services index104100100
Groceries index9194100
Health care index10999100
Housing index154133100
Transportation index10493100
Utilities index85100100
A general summary of the cost of living index in Carrollton, VA is shown above. Compared to the state average of Virginia the cost of living index in Carrollton, VA is 115, which is 7% higher than the average in Virginia and compared to the national average it is 15% 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 Carrollton, VA goods and services come in at 4% higher than the average in Virginia and are 4% higher than compared to the nationwide average.

Did you know?

  • The cost of living in Carrollton is 7% higher than the Virginia average.
  • The cost of living in Carrollton is 15% higher than the national average.
  • The cost of housing in Carrollton is 54% 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 Carrollton, VA Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current salary in Carrollton, VA to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Carrollton, VA, then you would need to earn more income in order to maintain the same standard of living. To use the Carrollton, VA salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$99,398$8,283$2,319$2,982
Renters$67,679$5,640$1,579$2,031
The affordability of the housing market in Carrollton, 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 Carrollton, VA homeowners, the median income is $99,398. This indicates that a monthly maximum of $2,319 should be spent by homeowners on all housing related costs. Renters have a median income of $67,679. This indicates that renters should have a maximum of $1,579 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%
When assessing the complete cost of living in Carrollton, VA, the Virginia income tax and the Virginia sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Virginia maximum surtax is 6%, and the Virginia sales tax is 5.3%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 2% to 5.75% in Virginia.

Goods & Services

ItemCarrolltonNational avg.Difference
Haircut $13.80$14.595.4%
Beauty Salon $37.60$34.688.4%
Toothpaste $1.85$2.4725.2%
Shampoo $0.87$1.0214.9%
Movie $10.50$9.876.4%
Bowling $5.28$4.3920.2%

Groceries

ItemCarrolltonNational avg.Difference
Ground Beef $4.17$4.486.9%
Fried Chicken $1.19$1.4618.7%
Milk $1.93$2.3618.1%
Potatoes $3.42$3.0611.7%
Pizza $8.00$9.2413.4%
Beer $10.25$8.6318.7%

Health Care

ItemCarrolltonNational avg.Difference
Optometrist $95.00$99.784.8%
Doctor $115.50$105.0310.0%
Dentist $98.33$88.7010.9%
Ibuprofen $7.98$9.4115.2%
Lipitor $346.03$298.5015.9%

Housing

ItemCarrolltonNational avg.Difference
Home Price $273,300.00$175,700.0055.5%
Avg. Mortgage Payment $991.43$1,081.038.3%
Apartment Rent $1,386.00$920.0050.7%

Transportation

ItemCarrolltonNational avg.Difference
Gasoline $2.21$2.095.8%
Tire Balancing $44.77$45.291.1%

Utilities

ItemCarrolltonNational avg.Difference
All Electricity$166.11$170.802.7%
Phone $18.99$28.2632.8%
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.
Benns Church, VA61776-24%
Rushmere, VA91096-4%
Portsmouth, VA96,00799-1%
Surry, VA274100-0%
Windsor, VA2,6241011%
Carrollton, VA4,69311515%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Mount Olive, NC4,69386-14%
Dodgeville, WI4,69395-5%
Adairsville, GA4,69286-14%
Granite Falls, NC4,69492-8%
Manlius, NY4,6911022%
Carrollton, VA4,69311515%
Source: The Carrollton, VA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.