Norton 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.
IndexNortonVirginiaNational
Cost of living index84108100
IndexNortonVirginiaNational
Goods & Services index100100100
Groceries index9194100
Health care index8999100
Housing index53133100
Transportation index9493100
Utilities index98100100
Here we can see a simple outline of the cost of living in Norton, VA. As you can see, with the average cost of living in Norton, VA being 84, that puts it 23% lower than the average of Virginia and 16% lower than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Norton, VA, the price of goods and services are 1% higher than the average of Virginia as well as equal to the nation's average.

Did you know?

  • The cost of living in Norton is 23% lower than the Virginia average.
  • The cost of living in Norton is 16% lower than the national average.
  • The cost of housing in Norton is 47% 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

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
Housing index
Transportation index
Utilities index
The salary calculator is used in order to provide a comparison of your current salary in Norton, 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 Norton, VA, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Norton, 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$57,500$4,792$1,342$1,725
Renters$23,839$1,987$556$715
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Norton, 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 Norton, VA homeowners, is $57,500. This would allow for a maximum of $1,342 per month to be spent on housing costs. For renters, the median monthly income is $23,839 which would result in a maximum of $556 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%
For those who live in Norton, VA and want to know what the true cost of living is, they ought to look at both the Virginia income tax rate and the Virginia sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In Virginia, the sales tax is 5.3%, while the most you'll pay in surtax is 6%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in Virginia, the income tax rate ranges between 2% to 5.75%.

Goods & Services

ItemNortonNational avg.Difference
Haircut $11.00$14.5924.6%
Beauty Salon $32.33$34.686.8%
Toothpaste $2.18$2.4711.9%
Shampoo $0.98$1.024.1%
Movie $10.50$9.876.4%
Bowling $3.85$4.3912.3%

Groceries

ItemNortonNational avg.Difference
Ground Beef $4.67$4.484.3%
Fried Chicken $1.15$1.4621.5%
Milk $2.46$2.364.4%
Potatoes $3.31$3.068.1%
Pizza $11.49$9.2424.3%
Beer $8.58$8.630.6%

Health Care

ItemNortonNational avg.Difference
Optometrist $101.67$99.781.9%
Doctor $89.33$105.0315.0%
Dentist $85.33$88.703.8%
Ibuprofen $7.97$9.4115.3%
Lipitor $246.50$298.5017.4%

Housing

ItemNortonNational avg.Difference
Home Price $89,900.00$175,700.0048.8%
Avg. Mortgage Payment $818.14$1,081.0324.3%
Apartment Rent $532.00$920.0042.2%

Transportation

ItemNortonNational avg.Difference
Gasoline $2.04$2.092.6%
Tire Balancing $39.00$45.2913.9%

Utilities

ItemNortonNational avg.Difference
All Electricity$153.53$170.8010.1%
Phone $30.65$28.268.5%
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.
Dungannon, VA46878-22%
Appalachia, VA1,73280-20%
Payne Gap, KY37281-19%
Nickelsville, VA42382-18%
Pound, VA98183-17%
Norton, VA4,01584-16%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Sherman, IL4,01699-1%
Surfside Beach, SC4,01711010%
Castle Pines Village, CO4,01319494%
Vandalia, MO4,01979-21%
Goodview, MN4,01999-1%
Norton, VA4,01584-16%
Source: The Norton, VA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.