Cascades 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.
IndexCascadesVirginiaNational
Cost of living index143108100
IndexCascadesVirginiaNational
Goods & Services index104100100
Groceries index9194100
Health care index10999100
Housing index245133100
Transportation index10493100
Utilities index85100100
A general summary of the cost of living index in Cascades, VA is shown above. Compared to the state average of Virginia the cost of living index in Cascades, VA is 143, which is 32% higher than the average in Virginia and compared to the national average it is 43% 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 Cascades, 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 Cascades is 32% higher than the Virginia average.
  • The cost of living in Cascades is 43% higher than the national average.
  • The cost of housing in Cascades is 145% 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 Cascades, VA Cost of living To Other Cities

Salary Calculator

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Using the salary calculator lets you compare the salary you earn in Cascades, VA to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Cascades, VA, you have to earn a higher income in order to still have the same standard of living. To operate the Cascades, VA salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$150,910$12,576$3,521$4,528
Renters$109,750$9,146$2,561$3,293
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Cascades, VA as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Cascades, VA homeowners, is $150,910. This would allow for a maximum of $3,521 per month to be spent on housing costs. For renters, the median monthly income is $109,750 which would result in a maximum of $2,561 to be spent on rental costs.

Virginia Sales Tax

StateGeneral Sales TaxWith Max Surtax
Virginia5.3%6%

Virginia Income Tax

StateIncome Tax (Low)Income Tax (High)
Virginia2%5.75%
One thing to keep in mind when considering the cost of living in Cascades, 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

ItemCascadesNational 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

ItemCascadesNational 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

ItemCascadesNational 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

ItemCascadesNational avg.Difference
Home Price $450,500.00$175,700.00156.4%
Avg. Mortgage Payment $991.43$1,081.038.3%
Apartment Rent $2,001.00$920.00117.5%

Transportation

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

Utilities

ItemCascadesNational 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.
Montgomery Village, MD33,02711515%
Woodlawn CDP (Fairfax County), VA20,81111515%
Seven Corners, VA8,34312020%
Oak Grove, VA1,62512222%
Bull Run Mountain Estates, VA1,05112020%
Cascades, VA12,23114343%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Georgetown, GA12,2351000%
Salem, OH12,21478-22%
Red Bank, NJ12,25015252%
Grand Terrace, CA12,25211616%
Evanston, WY12,25397-3%
Cascades, VA12,23114343%
Source: The Cascades, VA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.