Wytheville 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.
IndexWythevilleVirginiaNational
Cost of living index94108100
IndexWythevilleVirginiaNational
Goods & Services index97100100
Groceries index9294100
Health care index10899100
Housing index85133100
Transportation index9993100
Utilities index106100100
Displayed above is a general overview of the Wytheville, VA cost of living index. The overall cost of living index in Wytheville, VA is 94, which is 13% lower than the Virginia average and 6% lower 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 Wytheville, VA are 2% lower than the Virginia average and 3% lower than the national average.

Did you know?

  • The cost of living in Wytheville is 13% lower than the Virginia average.
  • The cost of living in Wytheville is 6% lower than the national average.
  • The cost of housing in Wytheville is 15% 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 Wytheville, VA Cost of living To Other Cities

Salary Calculator

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Using the salary calculator lets you compare the salary you earn in Wytheville, 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 Wytheville, VA, you have to earn a higher income in order to still have the same standard of living. To operate the Wytheville, 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$50,872$4,239$1,187$1,526
Renters$17,478$1,457$408$524
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Wytheville, 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 Wytheville, VA homeowners, is $50,872. This would allow for a maximum of $1,187 per month to be spent on housing costs. For renters, the median monthly income is $17,478 which would result in a maximum of $408 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 Wytheville, 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

ItemWythevilleNational avg.Difference
Haircut $13.55$14.597.1%
Beauty Salon $30.96$34.6810.7%
Toothpaste $2.13$2.4713.9%
Shampoo $0.96$1.026.1%
Movie $10.02$9.871.5%
Bowling $4.69$4.396.8%

Groceries

ItemWythevilleNational avg.Difference
Ground Beef $4.29$4.484.2%
Fried Chicken $1.13$1.4622.8%
Milk $1.57$2.3633.4%
Potatoes $3.03$3.061.0%
Pizza $9.21$9.240.4%
Beer $9.35$8.638.3%

Health Care

ItemWythevilleNational avg.Difference
Optometrist $107.26$99.787.5%
Doctor $105.00$105.030.0%
Dentist $105.00$88.7018.4%
Ibuprofen $8.89$9.415.5%
Lipitor $312.47$298.504.7%

Housing

ItemWythevilleNational avg.Difference
Home Price $164,600.00$175,700.006.3%
Avg. Mortgage Payment $955.01$1,081.0311.7%
Apartment Rent $581.00$920.0036.8%

Transportation

ItemWythevilleNational avg.Difference
Gasoline $1.94$2.097.3%
Tire Balancing $52.00$45.2914.8%

Utilities

ItemWythevilleNational avg.Difference
All Electricity$146.87$170.8014.0%
Phone $37.99$28.2634.4%
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.
Max Meadows, VA32273-27%
Ivanhoe, VA45082-18%
Bland, VA58787-13%
Rural Retreat, VA1,63189-11%
Fort Chiswell, VA86091-9%
Wytheville, VA8,19394-6%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
St. Marys, OH8,19389-11%
Hillside, IL8,1921033%
Cumberland Hill, RI8,19412121%
Citrus Hills, FL8,1911055%
Union, SC8,19188-12%
Wytheville, VA8,19394-6%
Source: The Wytheville, VA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.