Woodlake 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.
Cost of living index110109100
Goods & Services index97100100
Groceries index9395100
Health care index105101100
Housing index142133100
Transportation index9593100
Utilities index99100100
Displayed above is a general overview of the Woodlake, VA cost of living index. The overall cost of living index in Woodlake, VA is 110, which is 1% higher than the Virginia average and 10% 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 Woodlake, VA are 3% lower than the Virginia average and 3% lower than the national average.

Did you know?

  • The cost of living in Woodlake is 1% higher than the Virginia average.
  • The cost of living in Woodlake is 10% higher than the national average.
  • The cost of housing in Woodlake is 42% 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 Woodlake, VA Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
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Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator allows you to compare how much your current salary in Woodlake, VA would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Woodlake, VA, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Woodlake, VA salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
If you want to find a good determining factor for the cost of living and the general affordability of housing in Woodlake, VA, all you must look at is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Woodlake, VA, the median monthly income is $106,441 for those who own their own homes. Under the standard rule, that income level would allow for $2,483 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $77,650, per the median income in the area. That would allow for renters to spend up to $1,812 on monthly rental expenses.

Virginia Sales Tax

StateGeneral Sales TaxWith Max Surtax

Virginia Income Tax

StateIncome Tax (Low)Income Tax (High)
For those who live in Woodlake, 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

ItemWoodlakeNational avg.Difference
Haircut $18.67$15.5619.9%
Beauty Salon $36.33$36.110.6%
Toothpaste $1.78$2.4728.1%
Shampoo $0.88$0.968.5%
Movie $10.96$10.138.3%
Bowling $5.49$4.7415.9%


ItemWoodlakeNational avg.Difference
Ground Beef $3.97$3.980.3%
Fried Chicken $1.71$1.4121.3%
Milk $1.49$2.0628.0%
Potatoes $2.57$2.9813.8%
Pizza $8.46$9.4710.7%
Beer $9.40$8.796.9%

Health Care

ItemWoodlakeNational avg.Difference
Optometrist $98.96$101.042.1%
Doctor $95.17$107.4411.4%
Dentist $112.80$90.4224.8%
Ibuprofen $8.67$9.286.6%
Lipitor $403.57$426.505.4%


ItemWoodlakeNational avg.Difference
Home Price $253,600.00$175,700.0044.3%
Avg. Mortgage Payment $983.91$1,133.2313.2%
Apartment Rent $1,252.00$920.0036.1%


ItemWoodlakeNational avg.Difference
Gasoline $1.88$1.995.6%
Tire Balancing $43.47$45.765.0%


ItemWoodlakeNational avg.Difference
All Electricity$146.74$163.8110.4%
Phone $31.66$28.3911.5%
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.
Bensley, VA5,86592-8%
Bellwood, VA5,88992-8%
Ettrick, VA5,66093-7%
Dumbarton, VA8,34694-6%
Matoaca, VA2,19995-5%
Woodlake, VA7,26611010%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Hudson Falls, NY7,26699-1%
Tallulah, LA7,26781-19%
Chehalis, WA7,2651011%
Delphos, OH7,26785-15%
Robinson, IL7,26483-17%
Woodlake, VA7,26611010%
Source: The Woodlake, VA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.