Fort Hunt 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 HuntVirginiaNational
Cost of living index170108100
IndexFort HuntVirginiaNational
Goods & Services index98100100
Groceries index11294100
Health care index9499100
Housing index325133100
Transportation index12193100
Utilities index98100100
An overview of the general cost of living index for Fort Hunt, VA is displayed above for your reference. Residents in Fort Hunt, VA enjoy a cost of living index of 170. This index is 57% higher than the Virginia average, and 70% 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 Hunt, 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 Hunt is 57% higher than the Virginia average.
  • The cost of living in Fort Hunt is 70% higher than the national average.
  • The cost of housing in Fort Hunt is 225% 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 Hunt, VA Cost of living To Other Cities

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Use the salary calculator to compare your current salary in Fort Hunt, 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 Fort Hunt, VA, then you would need to earn more income in order to maintain the same standard of living. To use the Fort Hunt, 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$170,600$14,217$3,980$5,119
Renters$129,321$10,777$3,017$3,880
One can approximate the cost of living and the housing affordability in Fort Hunt, 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 Fort Hunt, VA have a median income of $170,600. Therefore, the amount that a consumer should spend on housing costs should be no more than $3,980 per month to avoid calamity and poverty. The renters in the city have an income of about $129,321, which would make their monthly maximum allowable rental costs $3,017.

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 Fort Hunt, 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

ItemFort HuntNational 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 HuntNational 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 HuntNational 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 HuntNational avg.Difference
Home Price $653,000.00$175,700.00271.7%
Avg. Mortgage Payment $2,743.63$1,081.03153.8%
Apartment Rent $2,001.00$920.00117.5%

Transportation

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

Utilities

ItemFort HuntNational 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.
Woodlawn, VA2,08286-14%
Potomac Heights, MD1,12594-6%
Cedarville, MD61095-5%
Cottage City, MD1,07099-1%
Belle Haven, VA37695-5%
Fort Hunt, VA17,03817070%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Hermiston, OR17,03186-14%
North Decatur, GA17,02311010%
Nederland, TX17,01888-12%
Safety Harbor, FL17,0171022%
Parole, MD17,06013131%
Fort Hunt, VA17,03817070%
Source: The Fort Hunt, VA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.