Martinsville 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.
Cost of living index81108100
Goods & Services index96100100
Groceries index9694100
Health care index8899100
Housing index54133100
Transportation index9093100
Utilities index80100100
A general summary of the cost of living index in Martinsville, VA is shown above. Compared to the state average of Virginia the cost of living index in Martinsville, VA is 81, which is 25% lower than the average in Virginia and compared to the national average it is 19% lower than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In Martinsville, VA goods and services come in at 3% lower than the average in Virginia and are 4% lower than compared to the nationwide average.

Did you know?

  • The cost of living in Martinsville is 25% lower than the Virginia average.
  • The cost of living in Martinsville is 19% lower than the national average.
  • The cost of housing in Martinsville is 46% lower 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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Use the salary calculator to compare your current income in Martinsville, 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 Martinsville, VA, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Martinsville, 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)
One can approximate the cost of living and the housing affordability in Martinsville, VA by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Martinsville, VA have a median income of $43,255. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,009 per month to avoid calamity and poverty. The renters in the city have an income of about $17,804, which would make their monthly maximum allowable rental costs $415.

Virginia Sales Tax

StateGeneral Sales TaxWith Max Surtax

Virginia Income Tax

StateIncome Tax (Low)Income Tax (High)
When assessing the complete cost of living in Martinsville, 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

ItemMartinsvilleNational avg.Difference
Haircut $13.75$14.595.8%
Beauty Salon $25.00$34.6827.9%
Toothpaste $1.92$2.4722.4%
Shampoo $0.88$1.0213.9%
Movie $7.50$9.8724.0%
Bowling $3.00$4.3931.7%


ItemMartinsvilleNational avg.Difference
Ground Beef $5.42$4.4821.1%
Fried Chicken $1.63$1.4611.3%
Milk $2.05$2.3613.0%
Potatoes $3.25$3.066.2%
Pizza $10.00$9.248.2%
Beer $8.75$8.631.4%

Health Care

ItemMartinsvilleNational avg.Difference
Optometrist $70.00$99.7829.8%
Doctor $84.67$105.0319.4%
Dentist $67.67$88.7023.7%
Ibuprofen $10.65$9.4113.2%
Lipitor $323.25$298.508.3%


ItemMartinsvilleNational avg.Difference
Home Price $85,800.00$175,700.0051.2%
Avg. Mortgage Payment $751.57$1,081.0330.5%
Apartment Rent $593.00$920.0035.5%


ItemMartinsvilleNational avg.Difference
Gasoline $1.86$2.0911.3%
Tire Balancing $42.49$45.296.2%


ItemMartinsvilleNational avg.Difference
All Electricity$142.68$170.8016.5%
Phone $21.25$28.2624.8%
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.
Sandy Level, VA39577-23%
Oak Level, VA53777-23%
Bassett, VA1,13979-21%
Stoneville, NC1,17780-20%
Villa Heights, VA60580-20%
Martinsville, VA13,74581-19%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Rendon, TX13,7431044%
Levelland, TX13,73580-20%
Oldsmar, FL13,73097-3%
Crowley, TX13,76298-2%
Worthington, OH13,7271033%
Martinsville, VA13,74581-19%
Source: The Martinsville, VA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.