Kings Park West 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.
IndexKings Park WestVirginiaNational
Cost of living index149108100
IndexKings Park WestVirginiaNational
Goods & Services index98100100
Groceries index11294100
Health care index9499100
Housing index255133100
Transportation index12193100
Utilities index98100100
Here we can see a simple outline of the cost of living in Kings Park West, VA. As you can see, with the average cost of living in Kings Park West, VA being 149, that puts it 38% higher than the average of Virginia and 49% 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 Kings Park West, 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 Kings Park West is 38% higher than the Virginia average.
  • The cost of living in Kings Park West is 49% higher than the national average.
  • The cost of housing in Kings Park West is 155% 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 Kings Park West, VA Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
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Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator is meant to help you compare your salary in Kings Park West, VA to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Kings Park West, VA, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Kings Park West, VA salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$140,576$11,715$3,280$4,218
Renters$71,083$5,924$1,658$2,133
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 Kings Park West, 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. Kings Park West, VA has a median income of about $140,576 for people who own homes. Based on that number, a person should spend a maximum of $3,280 on expenses related to housing. Renters have a slightly different median income, which is $71,083. Based on this average, renters should spend no more than $1,658 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%
For those who live in Kings Park West, VA and want to know what the true cost of living is, they ought to look at both the Virginia income tax rate and the Virginia sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In Virginia, the sales tax is 5.3%, while the most you'll pay in surtax is 6%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in Virginia, the income tax rate ranges between 2% to 5.75%.

Goods & Services

ItemKings Park WestNational 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

ItemKings Park WestNational 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

ItemKings Park WestNational 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

ItemKings Park WestNational avg.Difference
Home Price $476,300.00$175,700.00171.1%
Avg. Mortgage Payment $2,743.63$1,081.03153.8%
Apartment Rent $2,001.00$920.00117.5%

Transportation

ItemKings Park WestNational avg.Difference
Gasoline $2.59$2.0923.8%
Tire Balancing $52.00$45.2914.8%

Utilities

ItemKings Park WestNational 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%
Belle Haven, VA37695-5%
Indian Head, MD3,88511010%
Bull Run, VA14,5701088%
Kings Park West, VA13,86414949%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Bonita, CA13,86415555%
Fort Mohave, AZ13,86291-9%
Swansea, IL13,87098-2%
Mountain Home, ID13,87188-12%
Lyndhurst, OH13,8561011%
Kings Park West, VA13,86414949%
Source: The Kings Park West, VA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.