Lincolnia 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.
IndexLincolniaVirginiaNational
Cost of living index141108100
IndexLincolniaVirginiaNational
Goods & Services index98100100
Groceries index11294100
Health care index9499100
Housing index227133100
Transportation index12193100
Utilities index98100100
A general overview of the cost of living index for Lincolnia, VA is displayed above. In Lincolnia, VA, the overall cost of living index is 141, which is 30% higher than the Virginia average and 41% higher than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Lincolnia, VA, the city's goods and services are 2% lower than the Virginia average and 2% lower than the U.S. average.

Did you know?

  • The cost of living in Lincolnia is 30% higher than the Virginia average.
  • The cost of living in Lincolnia is 41% higher than the national average.
  • The cost of housing in Lincolnia is 127% 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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Groceries index
Health care index
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The salary calculator is used in order to provide a comparison of your current salary in Lincolnia, VA to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Lincolnia, VA, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Lincolnia, VA salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$127,621$10,635$2,978$3,829
Renters$56,316$4,693$1,314$1,690
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 Lincolnia, 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. Lincolnia, VA has a median income of about $127,621 for people who own homes. Based on that number, a person should spend a maximum of $2,978 on expenses related to housing. Renters have a slightly different median income, which is $56,316. Based on this average, renters should spend no more than $1,314 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 considering the overall cost of living expenses in Lincolnia, VA, it's important to take into account the sales tax for Virginia, as well as the rate for income tax in Virginia. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for Virginia is 6%, and the sales tax in the state of Virginia is 5.3%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in Virginia starts from 2% and goes up to 5.75%.

Goods & Services

ItemLincolniaNational 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

ItemLincolniaNational 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

ItemLincolniaNational 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

ItemLincolniaNational avg.Difference
Home Price $426,800.00$175,700.00142.9%
Avg. Mortgage Payment $2,743.63$1,081.03153.8%
Apartment Rent $1,746.00$920.0089.8%

Transportation

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

Utilities

ItemLincolniaNational 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%
Cottage City, MD1,07099-1%
Belle Haven, VA37695-5%
Capitol Heights, MD4,4521055%
Silver Hill, MD5,3351055%
Lincolnia, VA22,91714141%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Wilmington, MA22,90714848%
Westchase, FL22,89711414%
Radcliff, KY22,93990-10%
Roselle, IL22,95111414%
New Castle, PA22,88374-26%
Lincolnia, VA22,91714141%
Source: The Lincolnia, VA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.