Marumsco 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.
IndexMarumscoVirginiaNational
Cost of living index111108100
IndexMarumscoVirginiaNational
Goods & Services index98100100
Groceries index11294100
Health care index9499100
Housing index129133100
Transportation index12193100
Utilities index98100100
A general overview of the cost of living index for Marumsco, VA is displayed above. In Marumsco, VA, the overall cost of living index is 111, which is 3% higher than the Virginia average and 11% 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 Marumsco, 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 Marumsco is 3% higher than the Virginia average.
  • The cost of living in Marumsco is 11% higher than the national average.
  • The cost of housing in Marumsco is 29% 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 Marumsco, VA Cost of living To Other Cities

Salary Calculator

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Health care index
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The salary calculator is used in order to provide a comparison of your current salary in Marumsco, 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 Marumsco, VA, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Marumsco, 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$84,167$7,014$1,964$2,525
Renters$57,787$4,816$1,348$1,734
If you want to find a good determining factor for the cost of living and the general affordability of housing in Marumsco, 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 Marumsco, VA, the median monthly income is $84,167 for those who own their own homes. Under the standard rule, that income level would allow for $1,964 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $57,787, per the median income in the area. That would allow for renters to spend up to $1,348 on monthly rental expenses.

Virginia Sales Tax

StateGeneral Sales TaxWith Max Surtax
Virginia5.3%6%

Virginia Income Tax

StateIncome Tax (Low)Income Tax (High)
Virginia2%5.75%
The Virginia sales tax and Virginia income tax rates should definitely be considered when determining the overall cost of living in Marumsco, VA. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The Virginia sales tax is 5.3% and the maximum surtax is 6%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The Virginia income tax rates range from 2% to 5.75%.

Goods & Services

ItemMarumscoNational 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

ItemMarumscoNational 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

ItemMarumscoNational 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

ItemMarumscoNational avg.Difference
Home Price $208,100.00$175,700.0018.4%
Avg. Mortgage Payment $2,743.63$1,081.03153.8%
Apartment Rent $1,419.00$920.0054.2%

Transportation

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

Utilities

ItemMarumscoNational 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.
Port Tobacco Village, MD51044%
Woodlawn, VA2,08286-14%
Boswell's Corner, VA1,41683-17%
Potomac Heights, MD1,12594-6%
Belle Haven, VA37695-5%
Marumsco, VA38,89411111%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Rock Island, IL38,88888-12%
Clinton, MD38,87312222%
Muskogee, OK38,93785-15%
Woburn, MA38,82614545%
Channelview, TX38,98086-14%
Marumsco, VA38,89411111%
Source: The Marumsco, VA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.