Great Falls 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.
IndexGreat FallsVirginiaNational
Cost of living index208108100
IndexGreat FallsVirginiaNational
Goods & Services index92100100
Groceries index11394100
Health care index8699100
Housing index464133100
Transportation index10893100
Utilities index101100100
Here we can see a simple outline of the cost of living in Great Falls, VA. As you can see, with the average cost of living in Great Falls, VA being 208, that puts it 93% higher than the average of Virginia and 108% higher than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Great Falls, VA, the price of goods and services are 8% lower than the average of Virginia as well as 8% lower than the nation's average.

Did you know?

  • The cost of living in Great Falls is 93% higher than the Virginia average.
  • The cost of living in Great Falls is 108% higher than the national average.
  • The cost of housing in Great Falls is 364% 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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Salary Calculator

This is how much you would need to earn in
Price difference in compared to
Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
Using the salary calculator lets you compare the salary you earn in Great Falls, 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 Great Falls, VA, you have to earn a higher income in order to still have the same standard of living. To operate the Great Falls, 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)
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Great Falls, VA, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Great Falls, VA homeowners have a median income of $239,891. Using that number, you will come up with a maximum of $5,597 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $107,083, which means there is a maximum of $2,498 to be spent on the costs of renting a home or apartment.

Virginia Sales Tax

StateGeneral Sales TaxWith Max Surtax

Virginia Income Tax

StateIncome Tax (Low)Income Tax (High)
When considering the overall cost of living expenses in Great Falls, VA, it's important to take into account the sales tax for Virginia, as well as the rate for income tax in Virginia. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for Virginia is 6%, and the sales tax in the state of Virginia is 5.3%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in Virginia starts from 2% and goes up to 5.75%.

Goods & Services

ItemGreat FallsNational avg.Difference
Haircut $15.75$14.597.9%
Beauty Salon $47.00$34.6835.5%
Toothpaste $2.18$2.4711.9%
Shampoo $0.99$1.023.1%
Movie $11.94$9.8721.0%
Bowling $5.30$4.3920.7%


ItemGreat FallsNational avg.Difference
Ground Beef $2.99$4.4833.2%
Fried Chicken $1.59$1.468.6%
Milk $2.65$2.3612.4%
Potatoes $3.69$3.0620.5%
Pizza $8.00$9.2413.4%
Beer $8.59$8.630.5%

Health Care

ItemGreat FallsNational avg.Difference
Optometrist $71.67$99.7828.2%
Doctor $64.00$105.0339.1%
Dentist $81.75$88.707.8%
Ibuprofen $10.83$9.4115.1%
Lipitor $293.64$298.501.6%


ItemGreat FallsNational avg.Difference
Home Price $1,056,100.00$175,700.00501.1%
Avg. Mortgage Payment $2,313.93$1,081.03114.0%
Apartment Rent $2,001.00$920.00117.5%


ItemGreat FallsNational avg.Difference
Gasoline $2.28$2.099.0%
Tire Balancing $48.00$45.296.0%


ItemGreat FallsNational avg.Difference
All Electricity$178.68$170.804.6%
Phone $26.86$28.264.9%
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.
Leisure World, MD9,0891088%
Montgomery Village, MD33,02711515%
Woodlawn CDP (Fairfax County), VA20,81111515%
Seven Corners, VA8,34312020%
Oak Grove, VA1,62512222%
Great Falls, VA16,207208108%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Dublin, GA16,20084-16%
Rutland, VT16,2171055%
Wailuku, HI16,19616666%
Chickasha, OK16,19578-22%
Cohoes, NY16,1951033%
Great Falls, VA16,207208108%
Source: The Great Falls, VA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.