Cost of Living in Lake of the Woods, VA

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C-
20%
Overall NAT. AVG.
3%
Groceries NAT. AVG.
56%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Lake of the Woods Virginia National
Cost of living120111100
Groceries103103100
Health care104103100
Housing156129100
Transportation105105100
Utilities106104100
Lifestyle & Entertainment105103100
Household Items102102100
Education & Childcare104109100
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Homes For Sale In Lake of the Woods, VA

property for sale

103 Mason St

Locust Grove, VA
property for sale

208 Sand Trap Ln

Locust Grove, VA
property for sale

130 Green St

Locust Grove, VA
property for sale

204 Wakefield Dr

Locust Grove, VA

Cost Of Living Quick Facts

  • The cost of living in Lake of the Woods is 8% higher than the Virginia average
  • The cost of living in Lake of the Woods is 20% higher than the national average
  • Lake of the Woods housing is 56% higher than the national average
  • Virginia general sales tax is 4% higher than the national average
  • Virginia state income tax is 23% lower than the national average

Most Affordable Places to Live in and Around Lake of the Woods

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      The best places in Virginia

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      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index
      Lifestyle index
      Household index
      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$126,590$10,549$2,954$3,798
      Renters$0$0$0$0
      A good way to judge both the affordability of the housing and the cost of living in Lake of the Woods is by simply calculating the maximum that should be spent on housing, otherwise known as the debt-to-income ratio (DTI). The plan is to avoid spending more than 28 percent of the gross income on costs that pertain to housing and no more than 36 percent on all expenses and debts. Lake of the Woods has a median income of about $126,590 for people who own homes. Based on that number, a maximum of $2,954 should be spent on expenses related to housing. Renters have a slightly different median income, which is $0. Based on this average, renters should spend no more than $0 on all rental costs if they want to maintain a non-impoverished standard of living.

      Virginia Sales Tax

      State General Sales Tax With Max Surtax
      Virginia 5.3% 6%

      Virginia Income Tax

      State Income Tax (Low) Income Tax (High)
      Virginia 2% 5.75%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Remington, VA66611111.4%
      Culpeper, VA19,27111716.7%
      Lake Wilderness, VA2,92911818.3%
      Spotsylvania Courthouse, VA5,16211919.0%
      Fredericksburg, VA29,84912928.8%
      Lake of the Woods, VA8,80012019.8%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Harrodsburg, KY8,7998613.8%
      Sallisaw, OK8,8038416.5%
      Monroe, NY8,80413130.8%
      Mount Pleasant, IA8,7958811.9%
      Paris, IL8,8068317.2%
      Lake of the Woods, VA8,80012019.8%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
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