Mechanicsville 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.
IndexMechanicsvilleVirginiaNational
Cost of living index107108100
IndexMechanicsvilleVirginiaNational
Goods & Services index99100100
Groceries index9694100
Health care index10199100
Housing index126133100
Transportation index8893100
Utilities index111100100
A general summary of the cost of living index in Mechanicsville, VA is shown above. Compared to the state average of Virginia the cost of living index in Mechanicsville, VA is 107, which is 1% lower than the average in Virginia and compared to the national average it is 7% higher 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 Mechanicsville, VA goods and services come in at equal to the average in Virginia and are 1% lower than compared to the nationwide average.

Did you know?

  • The cost of living in Mechanicsville is 1% lower than the Virginia average.
  • The cost of living in Mechanicsville is 7% higher than the national average.
  • The cost of housing in Mechanicsville is 26% 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 Mechanicsville, VA Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current income in Mechanicsville, 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 Mechanicsville, VA, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Mechanicsville, 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$80,712$6,726$1,883$2,422
Renters$41,293$3,441$963$1,239
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Mechanicsville, VA as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Mechanicsville, VA homeowners, is $80,712. This would allow for a maximum of $1,883 per month to be spent on housing costs. For renters, the median monthly income is $41,293 which would result in a maximum of $963 to be spent on rental costs.

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 Mechanicsville, 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

ItemMechanicsvilleNational avg.Difference
Haircut $19.00$14.5930.2%
Beauty Salon $35.40$34.682.1%
Toothpaste $1.78$2.4728.0%
Shampoo $1.25$1.0222.3%
Movie $10.50$9.876.4%
Bowling $5.93$4.3935.0%

Groceries

ItemMechanicsvilleNational avg.Difference
Ground Beef $4.32$4.483.5%
Fried Chicken $1.49$1.461.8%
Milk $2.15$2.368.8%
Potatoes $3.07$3.060.3%
Pizza $8.49$9.248.1%
Beer $9.79$8.6313.4%

Health Care

ItemMechanicsvilleNational avg.Difference
Optometrist $98.60$99.781.2%
Doctor $91.33$105.0313.0%
Dentist $95.28$88.707.4%
Ibuprofen $9.19$9.412.4%
Lipitor $324.24$298.508.6%

Housing

ItemMechanicsvilleNational avg.Difference
Home Price $226,300.00$175,700.0028.8%
Avg. Mortgage Payment $876.77$1,081.0318.9%
Apartment Rent $1,088.00$920.0018.3%

Transportation

ItemMechanicsvilleNational avg.Difference
Gasoline $1.76$2.0915.8%
Tire Balancing $44.77$45.291.1%

Utilities

ItemMechanicsvilleNational avg.Difference
All Electricity$177.03$170.803.6%
Phone $34.01$28.2620.4%
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.
Montrose, VA7,68693-7%
Bensley, VA5,86593-7%
Bellwood, VA5,88994-6%
Dumbarton, VA8,34695-5%
Highland Springs, VA16,67396-4%
Mechanicsville, VA36,9911077%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Greenfield, WI36,99099-1%
Texarkana, TX36,99990-10%
Grove City, OH36,98193-7%
Friendswood, TX37,0011055%
Aventura, FL36,97912121%
Mechanicsville, VA36,9911077%
Source: The Mechanicsville, VA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.