Herndon 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.
IndexHerndonVirginiaNational
Cost of living index132108100
IndexHerndonVirginiaNational
Goods & Services index92100100
Groceries index11394100
Health care index8699100
Housing index209133100
Transportation index10893100
Utilities index101100100
A general overview of the cost of living index for Herndon, VA is displayed above. In Herndon, VA, the overall cost of living index is 132, which is 22% higher than the Virginia average and 32% higher than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Herndon, VA, the city's goods and services are 8% lower than the Virginia average and 8% lower than the U.S. average.

Did you know?

  • The cost of living in Herndon is 22% higher than the Virginia average.
  • The cost of living in Herndon is 32% higher than the national average.
  • The cost of housing in Herndon is 109% 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.

Find Real Estate Listings In Herndon

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In Herndon

Compare Herndon, VA Cost of living To Other Cities

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
The salary calculator is used in order to provide a comparison of your current salary in Herndon, 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 Herndon, VA, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Herndon, 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$120,399$10,033$2,809$3,612
Renters$73,889$6,157$1,724$2,217
A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Herndon, VA, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Herndon, VA has a median income of about $120,399 for people who own homes. Based on that number, a person should spend a maximum of $2,809 on expenses related to housing. Renters have a slightly different median income, which is $73,889. Based on this average, renters should spend no more than $1,724 on all of their rental costs if they want to maintain a non-impoverished standard of living.

Virginia Sales Tax

StateGeneral Sales TaxWith Max Surtax
Virginia5.3%6%

Virginia Income Tax

StateIncome Tax (Low)Income Tax (High)
Virginia2%5.75%
The Virginia sales tax and Virginia income tax rates should definitely be considered when determining the overall cost of living in Herndon, VA. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The Virginia sales tax is 5.3% and the maximum surtax is 6%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The Virginia income tax rates range from 2% to 5.75%.

Goods & Services

ItemHerndonNational 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%

Groceries

ItemHerndonNational 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

ItemHerndonNational 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%

Housing

ItemHerndonNational avg.Difference
Home Price $382,600.00$175,700.00117.8%
Avg. Mortgage Payment $2,313.93$1,081.03114.0%
Apartment Rent $1,733.00$920.0088.4%

Transportation

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

Utilities

ItemHerndonNational 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.
Bull Run, VA14,5701088%
Manassas Park, VA14,99211010%
Yorkshire, VA8,09111111%
Sudley, VA16,22111111%
Loch Lomond, VA4,29211313%
Herndon, VA24,14113232%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
El Cerrito, CA24,13616767%
Maywood, IL24,148100-0%
Staunton, VA24,13294-6%
Athens, OH24,15192-8%
Rockville Centre, NY24,12818282%
Herndon, VA24,14113232%
Source: The Herndon, VA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.