New Market 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 MarketVirginiaNational
Cost of living index97108100
IndexNew MarketVirginiaNational
Goods & Services index99100100
Groceries index9394100
Health care index10499100
Housing index96133100
Transportation index8993100
Utilities index105100100

Did you know?

  • The cost of living in New Market is 10% lower than the Virginia average.
  • The cost of living in New Market is 3% lower than the national average.
  • The cost of housing in New Market is 4% 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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Compare New Market, VA Cost of living To Other Cities

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Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$53,068$4,422$1,238$1,592
Renters$23,298$1,942$544$699

Virginia Sales Tax

StateGeneral Sales TaxWith Max Surtax
Virginia5.3%6%

Virginia Income Tax

StateIncome Tax (Low)Income Tax (High)
Virginia2%5.75%

Goods & Services

ItemNew MarketNational avg.Difference
Haircut $8.88$14.5939.2%
Beauty Salon $29.50$34.6814.9%
Toothpaste $1.81$2.4726.8%
Shampoo $0.94$1.028.0%
Movie $11.00$9.8711.5%
Bowling $5.00$4.3913.9%

Groceries

ItemNew MarketNational avg.Difference
Ground Beef $4.42$4.481.3%
Fried Chicken $1.39$1.465.1%
Milk $2.11$2.3610.5%
Potatoes $4.05$3.0632.3%
Pizza $9.00$9.242.6%
Beer $9.41$8.639.0%

Health Care

ItemNew MarketNational avg.Difference
Optometrist $102.25$99.782.5%
Doctor $122.00$105.0316.2%
Dentist $84.00$88.705.3%
Ibuprofen $8.81$9.416.4%
Lipitor $321.41$298.507.7%

Housing

ItemNew MarketNational avg.Difference
Home Price $189,200.00$175,700.007.7%
Avg. Mortgage Payment $1,103.63$1,081.032.1%
Apartment Rent $640.00$920.0030.4%

Transportation

ItemNew MarketNational avg.Difference
Gasoline $1.96$2.096.3%
Tire Balancing $34.78$45.2923.2%

Utilities

ItemNew MarketNational avg.Difference
All Electricity$162.74$170.804.7%
Phone $33.36$28.2618.1%
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.
Mount Jackson, VA2,05192-8%
Stanley, VA1,87693-7%
Timberville, VA2,55793-7%
Shenandoah, VA2,13493-7%
Edinburg, VA1,28294-6%
New Market, VA2,29497-3%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Bottineau, ND2,29488-12%
Varnville, SC2,29489-11%
South Roxana, IL2,29485-15%
Good Hope, AL2,29587-13%
Clifton Springs, NY2,29394-6%
New Market, VA2,29497-3%
Source: The New Market, VA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.