Kingstowne 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.
IndexKingstowneVirginiaNational
Cost of living index149109100
IndexKingstowneVirginiaNational
Goods & Services index113100100
Groceries index10695100
Health care index107101100
Housing index241133100
Transportation index11493100
Utilities index102100100
Displayed above is a general overview of the Kingstowne, VA cost of living index. The overall cost of living index in Kingstowne, VA is 149, which is 37% higher than the Virginia average and 49% higher than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Kingstowne, VA are 13% higher than the Virginia average and 13% higher than the national average.

Did you know?

  • The cost of living in Kingstowne is 37% higher than the Virginia average.
  • The cost of living in Kingstowne is 49% higher than the national average.
  • The cost of housing in Kingstowne is 141% 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 Kingstowne, VA Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current income in Kingstowne, 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 Kingstowne, VA, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Kingstowne, 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$137,909$11,492$3,218$4,138
Renters$97,647$8,137$2,278$2,930
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 Kingstowne, 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. Kingstowne, VA has a median income of about $137,909 for people who own homes. Based on that number, a person should spend a maximum of $3,218 on expenses related to housing. Renters have a slightly different median income, which is $97,647. Based on this average, renters should spend no more than $2,278 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%
When assessing the complete cost of living in Kingstowne, VA, the Virginia income tax and the Virginia sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Virginia maximum surtax is 6%, and the Virginia sales tax is 5.3%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 2% to 5.75% in Virginia.

Goods & Services

ItemKingstowneNational avg.Difference
Haircut $21.06$15.5635.3%
Beauty Salon $68.19$36.1188.9%
Toothpaste $2.99$2.4720.9%
Shampoo $1.19$0.9623.0%
Movie $12.77$10.1326.1%
Bowling $5.45$4.7415.1%

Groceries

ItemKingstowneNational avg.Difference
Ground Beef $3.75$3.985.9%
Fried Chicken $1.68$1.4119.4%
Milk $2.31$2.0612.1%
Potatoes $3.06$2.982.5%
Pizza $8.99$9.475.1%
Beer $9.89$8.7912.5%

Health Care

ItemKingstowneNational avg.Difference
Optometrist $96.58$101.044.4%
Doctor $119.88$107.4411.6%
Dentist $99.36$90.429.9%
Ibuprofen $9.73$9.284.8%
Lipitor $426.15$426.500.1%

Housing

ItemKingstowneNational avg.Difference
Home Price $450,600.00$175,700.00156.5%
Avg. Mortgage Payment $2,535.22$1,133.23123.7%
Apartment Rent $1,891.00$920.00105.5%

Transportation

ItemKingstowneNational avg.Difference
Gasoline $2.19$1.999.8%
Tire Balancing $57.10$45.7624.8%

Utilities

ItemKingstowneNational avg.Difference
All Electricity$141.21$163.8113.8%
Phone $34.95$28.3923.1%
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, VA2,08294-6%
Potomac Heights, MD1,12599-1%
Cottage City, MD1,0701088%
Belle Haven, VA3761033%
Dumfries, VA5,1221088%
Kingstowne, VA15,45514949%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
St. John, IN15,45611010%
Conyers, GA15,45693-7%
Shively, KY15,45083-17%
Glen Allen, VA15,4641066%
Cloverly, MD15,46714646%
Kingstowne, VA15,45514949%
Source: The Kingstowne, VA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.