New Baltimore 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.
IndexNew BaltimoreVirginiaNational
Cost of living index138109100
IndexNew BaltimoreVirginiaNational
Goods & Services index117100100
Groceries index11595100
Health care index98101100
Housing index204133100
Transportation index10893100
Utilities index90100100
Displayed above is a general overview of the New Baltimore, VA cost of living index. The overall cost of living index in New Baltimore, VA is 138, which is 27% higher than the Virginia average and 38% higher than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in New Baltimore, VA are 17% higher than the Virginia average and 17% higher than the national average.

Did you know?

  • The cost of living in New Baltimore is 27% higher than the Virginia average.
  • The cost of living in New Baltimore is 38% higher than the national average.
  • The cost of housing in New Baltimore is 104% 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 New Baltimore, 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
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Transportation index
Utilities index
The salary calculator is meant to help you compare your salary in New Baltimore, 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 New Baltimore, VA, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the New Baltimore, 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)
Owners$128,693$10,724$3,003$3,861
Renters$37,120$3,093$866$1,114
How much of your monthly income goes to housing can tell you whether or not you can afford housing in New Baltimore, VA, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In New Baltimore, VA homeowners have a median income of $128,693. Using that number, you will come up with a maximum of $3,003 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $37,120, which means there is a maximum of $866 to be spent on the costs of renting a home or apartment.

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 New Baltimore, 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

ItemNew BaltimoreNational avg.Difference
Haircut $20.83$15.5633.8%
Beauty Salon $58.39$36.1161.7%
Toothpaste $2.89$2.4716.9%
Shampoo $0.88$0.968.5%
Movie $12.00$10.1318.5%
Bowling $5.45$4.7415.1%

Groceries

ItemNew BaltimoreNational avg.Difference
Ground Beef $3.72$3.986.6%
Fried Chicken $1.79$1.4127.2%
Milk $2.35$2.0613.7%
Potatoes $3.81$2.9827.9%
Pizza $9.79$9.473.3%
Beer $9.99$8.7913.6%

Health Care

ItemNew BaltimoreNational avg.Difference
Optometrist $74.83$101.0425.9%
Doctor $96.39$107.4410.3%
Dentist $93.78$90.423.7%
Ibuprofen $8.92$9.283.8%
Lipitor $443.00$426.503.9%

Housing

ItemNew BaltimoreNational avg.Difference
Home Price $407,700.00$175,700.00132.0%
Avg. Mortgage Payment $2,698.56$1,133.23138.1%
Apartment Rent $1,285.00$920.0039.7%

Transportation

ItemNew BaltimoreNational avg.Difference
Gasoline $2.20$1.9910.6%
Tire Balancing $46.05$45.760.6%

Utilities

ItemNew BaltimoreNational avg.Difference
All Electricity$141.47$163.8113.6%
Phone $27.32$28.393.8%
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.
Calverton, VA17511010%
Remington, VA4991088%
Bull Run, VA14,57011616%
Midland, VA22911616%
Marshall, VA1,31311010%
New Baltimore, VA8,95513838%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Barre, VT8,9551033%
Sitka, AK8,95713838%
Andover, MA8,95315555%
North Madison, OH8,95295-5%
Pitman, NJ8,95911212%
New Baltimore, VA8,95513838%
Source: The New Baltimore, VA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.