Highland Springs 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.
IndexHighland SpringsVirginiaNational
Cost of living index94109100
IndexHighland SpringsVirginiaNational
Goods & Services index97100100
Groceries index9395100
Health care index105101100
Housing index88133100
Transportation index9593100
Utilities index99100100
An overview of the general cost of living index for Highland Springs, VA is displayed above for your reference. Residents in Highland Springs, VA enjoy a cost of living index of 94. This index is 14% lower than the Virginia average, and 6% lower 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 Highland Springs, VA, the average cost of goods and services is 3% lower than it is in Virginia, and it is 3% lower than the national average.

Did you know?

  • The cost of living in Highland Springs is 14% lower than the Virginia average.
  • The cost of living in Highland Springs is 6% lower than the national average.
  • The cost of housing in Highland Springs is 12% lower 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 Highland Springs, VA Cost of living To Other Cities

Salary Calculator

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Health care index
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Using the salary calculator lets you compare the salary you earn in Highland Springs, 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 Highland Springs, VA, you have to earn a higher income in order to still have the same standard of living. To operate the Highland Springs, 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$53,852$4,488$1,256$1,616
Renters$29,709$2,476$693$891
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 Highland Springs, 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. Highland Springs, VA has a median income of about $53,852 for people who own homes. Based on that number, a person should spend a maximum of $1,256 on expenses related to housing. Renters have a slightly different median income, which is $29,709. Based on this average, renters should spend no more than $693 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%
One thing to keep in mind when considering the cost of living in Highland Springs, 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

ItemHighland SpringsNational 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

ItemHighland SpringsNational 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

ItemHighland SpringsNational 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

ItemHighland SpringsNational avg.Difference
Home Price $148,500.00$175,700.0015.5%
Avg. Mortgage Payment $983.91$1,133.2313.2%
Apartment Rent $884.00$920.003.9%

Transportation

ItemHighland SpringsNational avg.Difference
Gasoline $1.88$1.995.6%
Tire Balancing $43.47$45.765.0%

Utilities

ItemHighland SpringsNational 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.
Charles City, VA15091-9%
Montrose, VA7,68691-9%
Bensley, VA5,86592-8%
Bellwood, VA5,88992-8%
Dumbarton, VA8,34694-6%
Highland Springs, VA16,67394-6%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Opelousas, LA16,66883-17%
Centralia, WA16,6641000%
Fairhope, AL16,6611088%
Artesia, CA16,69814040%
Suwanee, GA16,64811212%
Highland Springs, VA16,67394-6%
Source: The Highland Springs, VA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.