King George 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.
IndexKing GeorgeVirginiaNational
Cost of living index108108100
IndexKing GeorgeVirginiaNational
Goods & Services index98100100
Groceries index11294100
Health care index9499100
Housing index118133100
Transportation index12193100
Utilities index98100100
Here we can see a simple outline of the cost of living in King George, VA. As you can see, with the average cost of living in King George, VA being 108, that puts it equal to the average of Virginia and 8% 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 King George, 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 King George is equal to the Virginia average.
  • The cost of living in King George is 8% higher than the national average.
  • The cost of housing in King George is 18% 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 King George, VA Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
Price difference in compared to
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Groceries index
Health care index
Housing index
Transportation index
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Using the salary calculator lets you compare the salary you earn in King George, 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 King George, VA, you have to earn a higher income in order to still have the same standard of living. To operate the King George, 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$97,768$8,147$2,281$2,933
Renters$41,094$3,425$959$1,233
How much of your monthly income goes to housing can tell you whether or not you can afford housing in King George, 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 King George, VA homeowners have a median income of $97,768. Using that number, you will come up with a maximum of $2,281 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $41,094, which means there is a maximum of $959 to be spent on the costs of renting a home or apartment.

Virginia Sales Tax

StateGeneral Sales TaxWith Max Surtax
Virginia5.3%6%

Virginia Income Tax

StateIncome Tax (Low)Income Tax (High)
Virginia2%5.75%
When you are determining the total cost of living in King George, VA you will want to make sure you consider both the Virginia sales tax and the Virginia income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in Virginia is 5.3%, with the highest surtax being 6%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in Virginia have a range from 2% to 5.75%.

Goods & Services

ItemKing GeorgeNational 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

ItemKing GeorgeNational 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

ItemKing GeorgeNational 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

ItemKing GeorgeNational avg.Difference
Home Price $216,800.00$175,700.0023.4%
Avg. Mortgage Payment $2,743.63$1,081.03153.8%
Apartment Rent $976.00$920.006.1%

Transportation

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

Utilities

ItemKing GeorgeNational 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.
Port Royal, VA14283-17%
Colonial Beach, VA3,5511088%
Dahlgren, VA3,05911414%
Fairview Beach, VA50412020%
Passapatanzy, VA1,13112121%
King George, VA4,9711088%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Mathis, TX4,97178-22%
Maplewood, WA4,97213434%
Clementon, NJ4,9721066%
Greenbrier, AR4,97092-8%
Desloge, MO4,96987-13%
King George, VA4,9711088%
Source: The King George, VA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.