Broadway 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 index99107100
Goods & Services index10199100
Groceries index9796100
Health care index10397100
Housing index99130100
Transportation index8790100
Utilities index103100100
A general overview of the cost of living index for Broadway, VA is displayed above. In Broadway, VA, the overall cost of living index is 99, which is 8% lower than the Virginia average and 1% lower than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Broadway, VA, the city's goods and services are 2% higher than the Virginia average and 1% higher than the U.S. average.

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Did you know?

  • The cost of living in Broadway is 8% lower than the Virginia average.
  • The cost of living in Broadway is 1% lower than the national average.
  • The cost of housing in Broadway is 1% 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.

Compare Broadway, VA Cost of living To Other Cities

Salary Calculator

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The salary calculator allows you to compare how much your current salary in Broadway, 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 Broadway, VA, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Broadway, 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)
A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Broadway, VA, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Broadway, VA has a median income of about $58,934 for people who own homes. Based on that number, a person should spend a maximum of $1,375 on expenses related to housing. Renters have a slightly different median income, which is $31,915. Based on this average, renters should spend no more than $745 on all of their rental costs if they want to maintain a non-impoverished standard of living.

Virginia Sales Tax

StateGeneral Sales TaxWith Max Surtax

Virginia Income Tax

StateIncome Tax (Low)Income Tax (High)
When assessing the complete cost of living in Broadway, VA, the Virginia income tax and the Virginia sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Virginia maximum surtax is 6%, and the Virginia sales tax is 5.3%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 2% to 5.75% in Virginia.

Goods & Services

ItemBroadwayNational avg.Difference
Haircut $9.77$17.4944.1%
Beauty Salon $32.50$38.1714.8%
Toothpaste $2.16$2.326.9%
Shampoo $0.93$1.017.7%
Movie $12.35$10.7215.2%
Bowling $3.85$13.8672.2%


ItemBroadwayNational avg.Difference
Ground Beef $4.54$3.9016.5%
Fried Chicken $1.18$1.4015.3%
Milk $1.92$1.962.2%
Potatoes $3.48$3.189.4%
Pizza $8.65$10.3916.8%
Beer $8.96$9.233.0%

Health Care

ItemBroadwayNational avg.Difference
Optometrist $100.21$106.345.8%
Doctor $123.60$115.257.2%
Dentist $89.79$98.388.7%
Ibuprofen $7.95$9.2614.2%
Lipitor $450.37$466.473.5%


ItemBroadwayNational avg.Difference
Home Price $205,400.00$184,700.0011.2%
Avg. Mortgage Payment $1,203.84$1,273.325.5%
Apartment Rent $668.00$949.0029.6%


ItemBroadwayNational avg.Difference
Gasoline $2.10$2.5919.2%
Tire Balancing $33.71$48.9031.1%


ItemBroadwayNational avg.Difference
All Electricity$170.41$167.601.7%
Phone $30.15$163.4281.5%
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.
Mount Jackson, VA2,31491-9%
Shenandoah, VA2,55692-8%
Timberville, VA2,59193-7%
Edinburg, VA1,33793-7%
Elkton, VA2,79396-4%
Broadway, VA3,79599-1%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Holden Heights, FL3,79594-6%
Jackson, LA3,79586-14%
Albia, IA3,79581-19%
Lancaster, WI3,79688-12%
Smithton, IL3,79293-7%
Broadway, VA3,79599-1%
Source: The Broadway, VA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.
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