Glen Allen 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.
IndexGlen AllenVirginiaNational
Cost of living index106109100
IndexGlen AllenVirginiaNational
Goods & Services index97100100
Groceries index9395100
Health care index105101100
Housing index130133100
Transportation index9593100
Utilities index99100100
The above illustration supplies generalized information for the Glen Allen, VA cost of living index. Compared to other cities in Virginia and cities across the country, the cost of living index in Glen Allen, VA is 106, which is 2% lower than the Virginia average and 6% higher than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Glen Allen, VA are 3% lower than the average for Virginia and 3% lower than the rest of the country.

Did you know?

  • The cost of living in Glen Allen is 2% lower than the Virginia average.
  • The cost of living in Glen Allen is 6% higher than the national average.
  • The cost of housing in Glen Allen is 30% 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 Glen Allen, 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 Glen Allen, 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 Glen Allen, VA, you have to earn a higher income in order to still have the same standard of living. To operate the Glen Allen, 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$77,301$6,442$1,804$2,319
Renters$51,354$4,280$1,198$1,541
If you want to find a good determining factor for the cost of living and the general affordability of housing in Glen Allen, VA, all you must look at is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Glen Allen, VA, the median monthly income is $77,301 for those who own their own homes. Under the standard rule, that income level would allow for $1,804 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $51,354, per the median income in the area. That would allow for renters to spend up to $1,198 on monthly rental expenses.

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 Glen Allen, 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

ItemGlen AllenNational avg.Difference
Haircut $18.67$15.5619.9%
Beauty Salon $36.33$36.110.6%
Toothpaste $1.78$2.4728.1%
Shampoo $0.88$0.968.5%
Movie $10.96$10.138.3%
Bowling $5.49$4.7415.9%

Groceries

ItemGlen AllenNational avg.Difference
Ground Beef $3.97$3.980.3%
Fried Chicken $1.71$1.4121.3%
Milk $1.49$2.0628.0%
Potatoes $2.57$2.9813.8%
Pizza $8.46$9.4710.7%
Beer $9.40$8.796.9%

Health Care

ItemGlen AllenNational avg.Difference
Optometrist $98.96$101.042.1%
Doctor $95.17$107.4411.4%
Dentist $112.80$90.4224.8%
Ibuprofen $8.67$9.286.6%
Lipitor $403.57$426.505.4%

Housing

ItemGlen AllenNational avg.Difference
Home Price $228,800.00$175,700.0030.2%
Avg. Mortgage Payment $983.91$1,133.2313.2%
Apartment Rent $1,185.00$920.0028.8%

Transportation

ItemGlen AllenNational avg.Difference
Gasoline $1.88$1.995.6%
Tire Balancing $43.47$45.765.0%

Utilities

ItemGlen AllenNational avg.Difference
All Electricity$146.74$163.8110.4%
Phone $31.66$28.3911.5%
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.
Montrose, VA7,68691-9%
Dumbarton, VA8,34694-6%
Highland Springs, VA16,67394-6%
East Highland Park, VA14,23594-6%
Sandston, VA7,63194-6%
Glen Allen, VA15,4641066%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Cloverly, MD15,46714646%
Newport, KY15,46788-12%
St. John, IN15,45611010%
Conyers, GA15,45693-7%
Kingstowne, VA15,45514949%
Glen Allen, VA15,4641066%
Source: The Glen Allen, VA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.