Woodstock 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.
IndexWoodstockVirginiaNational
Cost of living index103108100
IndexWoodstockVirginiaNational
Goods & Services index108100100
Groceries index10094100
Health care index9999100
Housing index105133100
Transportation index9493100
Utilities index94100100
Here we can see a simple outline of the cost of living in Woodstock, VA. As you can see, with the average cost of living in Woodstock, VA being 103, that puts it 5% lower than the average of Virginia and 3% higher 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 Woodstock, VA, the price of goods and services are 8% higher than the average of Virginia as well as 8% higher than the nation's average.

Did you know?

  • The cost of living in Woodstock is 5% lower than the Virginia average.
  • The cost of living in Woodstock is 3% higher than the national average.
  • The cost of housing in Woodstock is 5% 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 Woodstock, VA Cost of living To Other Cities

Salary Calculator

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Health care index
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The salary calculator allows you to compare how much your current salary in Woodstock, 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 Woodstock, VA, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Woodstock, 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)
Owners$55,288$4,607$1,290$1,659
Renters$25,605$2,134$597$768
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Woodstock, 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 Woodstock, VA homeowners have a median income of $55,288. Using that number, you will come up with a maximum of $1,290 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $25,605, which means there is a maximum of $597 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%
The Virginia sales tax and Virginia income tax rates should definitely be considered when determining the overall cost of living in Woodstock, 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

ItemWoodstockNational avg.Difference
Haircut $10.20$14.5930.1%
Beauty Salon $30.00$34.6813.5%
Toothpaste $3.99$2.4761.3%
Shampoo $1.27$1.0224.3%
Movie $8.67$9.8712.1%
Bowling $4.50$4.392.5%

Groceries

ItemWoodstockNational avg.Difference
Ground Beef $4.51$4.480.7%
Fried Chicken $1.41$1.463.7%
Milk $2.37$2.360.6%
Potatoes $3.19$3.064.2%
Pizza $9.25$9.240.1%
Beer $8.98$8.634.0%

Health Care

ItemWoodstockNational avg.Difference
Optometrist $86.50$99.7813.3%
Doctor $104.33$105.030.7%
Dentist $98.50$88.7011.0%
Ibuprofen $9.82$9.414.3%
Lipitor $241.66$298.5019.0%

Housing

ItemWoodstockNational avg.Difference
Home Price $204,300.00$175,700.0016.3%
Avg. Mortgage Payment $1,057.42$1,081.032.2%
Apartment Rent $723.00$920.0021.4%

Transportation

ItemWoodstockNational avg.Difference
Gasoline $2.13$2.091.9%
Tire Balancing $32.59$45.2928.0%

Utilities

ItemWoodstockNational avg.Difference
All Electricity$157.12$170.808.0%
Phone $27.03$28.264.3%
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.
Wardensville, WV25392-8%
Mount Jackson, VA2,05192-8%
Edinburg, VA1,28294-6%
Middletown, VA1,36299-1%
Luray, VA4,86497-3%
Woodstock, VA5,1641033%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Sawmills, NC5,16488-12%
Medina, MN5,16315858%
Winterset, IA5,16587-13%
Williams, CA5,1661077%
Glennville, GA5,16687-13%
Woodstock, VA5,1641033%
Source: The Woodstock, VA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.