Huntington 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.
IndexHuntingtonVirginiaNational
Cost of living index127108100
IndexHuntingtonVirginiaNational
Goods & Services index98100100
Groceries index11294100
Health care index9499100
Housing index182133100
Transportation index12193100
Utilities index98100100
Here we can see a simple outline of the cost of living in Huntington, VA. As you can see, with the average cost of living in Huntington, VA being 127, that puts it 17% higher than the average of Virginia and 27% 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 Huntington, VA, the price of goods and services are 2% lower than the average of Virginia as well as 2% lower than the nation's average.

Did you know?

  • The cost of living in Huntington is 17% higher than the Virginia average.
  • The cost of living in Huntington is 27% higher than the national average.
  • The cost of housing in Huntington is 82% 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

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Use the salary calculator to compare your current income in Huntington, VA to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Huntington, VA, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Huntington, VA salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$98,401$8,200$2,296$2,952
Renters$77,115$6,426$1,799$2,314
The affordability of the housing market in Huntington, VA as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Huntington, VA homeowners, the median income is $98,401. This indicates that a monthly maximum of $2,296 should be spent by homeowners on all housing related costs. Renters have a median income of $77,115. This indicates that renters should have a maximum of $1,799 used for their rent related monthly costs.

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 Huntington, 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

ItemHuntingtonNational 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

ItemHuntingtonNational 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

ItemHuntingtonNational 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

ItemHuntingtonNational avg.Difference
Home Price $324,600.00$175,700.0084.7%
Avg. Mortgage Payment $2,743.63$1,081.03153.8%
Apartment Rent $1,603.00$920.0074.2%

Transportation

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

Utilities

ItemHuntingtonNational 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%
Huntington, VA12,14412727%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Marysville, CA12,14411212%
New Baltimore, MI12,14494-6%
Gainesville, VA12,14513737%
Bucyrus, OH12,14080-20%
Lumberton, TX12,15392-8%
Huntington, VA12,14412727%
Source: The Huntington, VA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.