Laurel Hill 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.
IndexLaurel HillVirginiaNational
Cost of living index141108100
IndexLaurel HillVirginiaNational
Goods & Services index95100100
Groceries index9194100
Health care index9499100
Housing index248133100
Transportation index9193100
Utilities index105100100
Here we can see a simple outline of the cost of living in Laurel Hill, VA. As you can see, with the average cost of living in Laurel Hill, VA being 141, that puts it 30% higher than the average of Virginia and 41% 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 Laurel Hill, VA, the price of goods and services are 5% lower than the average of Virginia as well as 5% lower than the nation's average.

Did you know?

  • The cost of living in Laurel Hill is 30% higher than the Virginia average.
  • The cost of living in Laurel Hill is 41% higher than the national average.
  • The cost of housing in Laurel Hill is 148% 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 Laurel Hill, VA Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
Price difference in compared to
Cost of living index
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 Laurel Hill, 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 Laurel Hill, VA, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Laurel Hill, 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)
If you want to find a good determining factor for the cost of living and the general affordability of housing in Laurel Hill, VA, all you must look at is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Laurel Hill, VA, the median monthly income is $131,250 for those who own their own homes. Under the standard rule, that income level would allow for $3,062 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $86,265, per the median income in the area. That would allow for renters to spend up to $2,013 on monthly rental expenses.

Virginia Sales Tax

StateGeneral Sales TaxWith Max Surtax

Virginia Income Tax

StateIncome Tax (Low)Income Tax (High)
When you are determining the total cost of living in Laurel Hill, 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

ItemLaurel HillNational avg.Difference
Haircut $11.25$14.5922.9%
Beauty Salon $27.60$34.6820.4%
Toothpaste $1.83$2.4726.0%
Shampoo $0.92$1.0210.0%
Movie $10.00$9.871.3%
Bowling $3.75$4.3914.6%


ItemLaurel HillNational avg.Difference
Ground Beef $4.77$4.486.6%
Fried Chicken $1.27$1.4613.3%
Milk $2.13$2.369.6%
Potatoes $2.77$3.069.5%
Pizza $9.00$9.242.6%
Beer $9.44$8.639.3%

Health Care

ItemLaurel HillNational avg.Difference
Optometrist $115.00$99.7815.3%
Doctor $89.57$105.0314.7%
Dentist $76.67$88.7013.6%
Ibuprofen $8.24$9.4112.5%
Lipitor $329.72$298.5010.5%


ItemLaurel HillNational avg.Difference
Home Price $459,400.00$175,700.00161.5%
Avg. Mortgage Payment $991.33$1,081.038.3%
Apartment Rent $2,001.00$920.00117.5%


ItemLaurel HillNational avg.Difference
Gasoline $1.96$2.096.1%
Tire Balancing $37.12$45.2918.0%


ItemLaurel HillNational avg.Difference
All Electricity$163.45$170.804.3%
Phone $33.36$28.2618.1%
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.
Lake Wilderness, VA2,21111414%
Spotsylvania Courthouse, VA4,28911212%
Lake of the Woods, VA7,45411515%
Falmouth, VA4,51811717%
Fredericksburg, VA26,63212121%
Laurel Hill, VA8,01514141%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Long Grove, IL8,01717575%
Fairview, TN8,02097-3%
McFarland, WI8,00911010%
Brazil, IN8,02286-14%
Quincy, FL8,02284-16%
Laurel Hill, VA8,01514141%
Source: The Laurel Hill, VA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.