Poquoson 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.
IndexPoquosonVirginiaNational
Cost of living index118108100
IndexPoquosonVirginiaNational
Goods & Services index104100100
Groceries index9194100
Health care index10999100
Housing index161133100
Transportation index10493100
Utilities index85100100
An overview of the general cost of living index for Poquoson, VA is displayed above for your reference. Residents in Poquoson, VA enjoy a cost of living index of 118. This index is 9% higher than the Virginia average, and 18% higher than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Poquoson, VA, the average cost of goods and services is 4% higher than it is in Virginia, and it is 4% higher than the national average.

Did you know?

  • The cost of living in Poquoson is 9% higher than the Virginia average.
  • The cost of living in Poquoson is 18% higher than the national average.
  • The cost of housing in Poquoson is 61% 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 Poquoson, VA Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current income in Poquoson, 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 Poquoson, VA, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Poquoson, 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$91,514$7,626$2,135$2,746
Renters$50,398$4,200$1,176$1,512
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Poquoson, 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 Poquoson, VA homeowners have a median income of $91,514. Using that number, you will come up with a maximum of $2,135 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $50,398, which means there is a maximum of $1,176 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 you are determining the total cost of living in Poquoson, VA you will want to make sure you consider both the Virginia sales tax and the Virginia income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in Virginia is 5.3%, with the highest surtax being 6%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in Virginia have a range from 2% to 5.75%.

Goods & Services

ItemPoquosonNational avg.Difference
Haircut $13.80$14.595.4%
Beauty Salon $37.60$34.688.4%
Toothpaste $1.85$2.4725.2%
Shampoo $0.87$1.0214.9%
Movie $10.50$9.876.4%
Bowling $5.28$4.3920.2%

Groceries

ItemPoquosonNational avg.Difference
Ground Beef $4.17$4.486.9%
Fried Chicken $1.19$1.4618.7%
Milk $1.93$2.3618.1%
Potatoes $3.42$3.0611.7%
Pizza $8.00$9.2413.4%
Beer $10.25$8.6318.7%

Health Care

ItemPoquosonNational avg.Difference
Optometrist $95.00$99.784.8%
Doctor $115.50$105.0310.0%
Dentist $98.33$88.7010.9%
Ibuprofen $7.98$9.4115.2%
Lipitor $346.03$298.5015.9%

Housing

ItemPoquosonNational avg.Difference
Home Price $304,200.00$175,700.0073.1%
Avg. Mortgage Payment $991.43$1,081.038.3%
Apartment Rent $1,223.00$920.0032.9%

Transportation

ItemPoquosonNational avg.Difference
Gasoline $2.21$2.095.8%
Tire Balancing $44.77$45.291.1%

Utilities

ItemPoquosonNational avg.Difference
All Electricity$166.11$170.802.7%
Phone $18.99$28.2632.8%
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.
Benns Church, VA61776-24%
Yorktown, VA1221011%
Hampton, VA136,9041022%
Newport News, VA181,3621022%
Gloucester Point, VA9,7841044%
Poquoson, VA12,10311818%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Gulfport, FL12,10294-6%
Mandeville, LA12,1021099%
Diamond Springs, CA12,10513030%
Valley Falls, RI12,10811919%
Freeport, TX12,10879-21%
Poquoson, VA12,10311818%
Source: The Poquoson, VA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.