Short Pump 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.
IndexShort PumpVirginiaNational
Cost of living index126108100
IndexShort PumpVirginiaNational
Goods & Services index99100100
Groceries index9694100
Health care index10199100
Housing index191133100
Transportation index8893100
Utilities index111100100
Displayed above is a general overview of the Short Pump, VA cost of living index. The overall cost of living index in Short Pump, VA is 126, which is 17% higher than the Virginia average and 26% 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 Short Pump, VA are equal to the Virginia average and 1% lower than the national average.

Did you know?

  • The cost of living in Short Pump is 17% higher than the Virginia average.
  • The cost of living in Short Pump is 26% higher than the national average.
  • The cost of housing in Short Pump is 91% 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 Short Pump, VA Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current salary in Short Pump, VA to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Short Pump, VA, then you would need to earn more income in order to maintain the same standard of living. To use the Short Pump, VA salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$130,850$10,904$3,053$3,926
Renters$76,548$6,379$1,786$2,297
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Short Pump, 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 Short Pump, VA homeowners have a median income of $130,850. Using that number, you will come up with a maximum of $3,053 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $76,548, which means there is a maximum of $1,786 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 Short Pump, 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

ItemShort PumpNational 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

ItemShort PumpNational 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

ItemShort PumpNational 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

ItemShort PumpNational avg.Difference
Home Price $371,200.00$175,700.00111.3%
Avg. Mortgage Payment $876.77$1,081.0318.9%
Apartment Rent $1,314.00$920.0042.8%

Transportation

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

Utilities

ItemShort PumpNational 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%
Dumbarton, VA8,34695-5%
East Highland Park, VA14,23596-4%
Lakeside, VA12,85499-1%
Short Pump, VA27,03412626%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Winchester, VA27,0311077%
Eureka, CA27,03912020%
Thomasville, NC27,04284-16%
Mount Juliet, TN27,0531033%
Westport, CT27,055221121%
Short Pump, VA27,03412626%
Source: The Short Pump, VA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.