Staunton 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.
IndexStauntonVirginiaNational
Cost of living index94108100
IndexStauntonVirginiaNational
Goods & Services index95100100
Groceries index9194100
Health care index9499100
Housing index91133100
Transportation index9193100
Utilities index105100100
Here we can see a simple outline of the cost of living in Staunton, VA. As you can see, with the average cost of living in Staunton, VA being 94, that puts it 14% lower than the average of Virginia and 6% 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 Staunton, VA, the price of goods and services are 5% lower than the average of Virginia as well as 5% lower than the nation's average.

Did you know?

  • The cost of living in Staunton is 14% lower than the Virginia average.
  • The cost of living in Staunton is 6% lower than the national average.
  • The cost of housing in Staunton is 9% 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 Staunton, 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
Housing index
Transportation index
Utilities index
Using the salary calculator lets you compare the salary you earn in Staunton, VA to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Staunton, VA, you have to earn a higher income in order to still have the same standard of living. To operate the Staunton, VA salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$57,000$4,750$1,330$1,710
Renters$23,620$1,968$551$709
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Staunton, 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 Staunton, VA homeowners, is $57,000. This would allow for a maximum of $1,330 per month to be spent on housing costs. For renters, the median monthly income is $23,620 which would result in a maximum of $551 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%
The Virginia sales tax and Virginia income tax rates should definitely be considered when determining the overall cost of living in Staunton, VA. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The Virginia sales tax is 5.3% and the maximum surtax is 6%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The Virginia income tax rates range from 2% to 5.75%.

Goods & Services

ItemStauntonNational avg.Difference
Haircut $11.25$14.5922.9%
Beauty Salon $27.60$34.6820.4%
Toothpaste $1.83$2.4726.0%
Shampoo $0.92$1.0210.0%
Movie $10.00$9.871.3%
Bowling $3.75$4.3914.6%

Groceries

ItemStauntonNational avg.Difference
Ground Beef $4.77$4.486.6%
Fried Chicken $1.27$1.4613.3%
Milk $2.13$2.369.6%
Potatoes $2.77$3.069.5%
Pizza $9.00$9.242.6%
Beer $9.44$8.639.3%

Health Care

ItemStauntonNational avg.Difference
Optometrist $115.00$99.7815.3%
Doctor $89.57$105.0314.7%
Dentist $76.67$88.7013.6%
Ibuprofen $8.24$9.4112.5%
Lipitor $329.72$298.5010.5%

Housing

ItemStauntonNational avg.Difference
Home Price $167,700.00$175,700.004.6%
Avg. Mortgage Payment $991.33$1,081.038.3%
Apartment Rent $742.00$920.0019.3%

Transportation

ItemStauntonNational avg.Difference
Gasoline $1.96$2.096.1%
Tire Balancing $37.12$45.2918.0%

Utilities

ItemStauntonNational avg.Difference
All Electricity$163.45$170.804.3%
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.
Churchville, VA6095-5%
Sherando, VA58487-13%
Jolivue, VA1,28288-12%
Harriston, VA1,01289-11%
Augusta Springs, VA28289-11%
Staunton, VA24,13294-6%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Rockville Centre, NY24,12818282%
El Cerrito, CA24,13616767%
Yukon, OK24,12787-13%
Fairland, MD24,12712020%
Leisure City, FL24,12596-4%
Staunton, VA24,13294-6%
Source: The Staunton, VA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.