Fort Belvoir 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.
IndexFort BelvoirVirginiaNational
Cost of living index138108100
IndexFort BelvoirVirginiaNational
Goods & Services index98100100
Groceries index11294100
Health care index9499100
Housing index218133100
Transportation index12193100
Utilities index98100100
An overview of the general cost of living index for Fort Belvoir, VA is displayed above for your reference. Residents in Fort Belvoir, VA enjoy a cost of living index of 138. This index is 27% higher than the Virginia average, and 38% 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 Fort Belvoir, VA, the average cost of goods and services is 2% lower than it is in Virginia, and it is 2% lower than the national average.

Did you know?

  • The cost of living in Fort Belvoir is 27% higher than the Virginia average.
  • The cost of living in Fort Belvoir is 38% higher than the national average.
  • The cost of housing in Fort Belvoir is 118% 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 Fort Belvoir, VA Cost of living To Other Cities

Salary Calculator

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Health care index
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The salary calculator is used in order to provide a comparison of your current salary in Fort Belvoir, VA to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Fort Belvoir, VA, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Fort Belvoir, VA salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$0$0$0$0
Renters$73,702$6,142$1,720$2,211
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Fort Belvoir, 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 Fort Belvoir, VA homeowners, is $0. This would allow for a maximum of $0 per month to be spent on housing costs. For renters, the median monthly income is $73,702 which would result in a maximum of $1,720 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%
For those who live in Fort Belvoir, VA and want to know what the true cost of living is, they ought to look at both the Virginia income tax rate and the Virginia sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In Virginia, the sales tax is 5.3%, while the most you'll pay in surtax is 6%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in Virginia, the income tax rate ranges between 2% to 5.75%.

Goods & Services

ItemFort BelvoirNational 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

ItemFort BelvoirNational 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

ItemFort BelvoirNational 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

ItemFort BelvoirNational avg.Difference
Home Price $0.00$175,700.00100.0%
Avg. Mortgage Payment $2,743.63$1,081.03153.8%
Apartment Rent $2,001.00$920.00117.5%

Transportation

ItemFort BelvoirNational avg.Difference
Gasoline $2.59$2.0923.8%
Tire Balancing $52.00$45.2914.8%

Utilities

ItemFort BelvoirNational 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.
Port Tobacco Village, MD51044%
Woodlawn, VA2,08286-14%
Boswell's Corner, VA1,41683-17%
Potomac Heights, MD1,12594-6%
Belle Haven, VA37695-5%
Fort Belvoir, VA7,94213838%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Gresham Park, GA7,94794-6%
Fort Dix, NJ7,94814545%
Marion, NC7,94886-14%
Firebaugh, CA7,93595-5%
St. Johns, MI7,93389-11%
Fort Belvoir, VA7,94213838%
Source: The Fort Belvoir, VA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.