Cost Of Living in Laurel Park, VA

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A+

9%

Overall NAT. AVG.

2%

Groceries NAT. AVG.

38%

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	Laurel Park	Virginia	National
Cost of living	91	111	100
Groceries	102	103	100
Health care	105	103	100
Housing	62	129	100
Transportation	103	105	100
Utilities	102	104	100
Lifestyle & Entertainment	102	103	100
Household Items	104	102	100
Education & Childcare	107	109	100

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Homes For Sale In Laurel Park, VA

350 Dogwood Dr

Martinsville, VA

5 Laurel Park Ave #5

Martinsville, VA

Cost Of Living Quick Facts

The cost of living in Laurel Park is 18% lower than the Virginia average
The cost of living in Laurel Park is 9% lower than the national average
Laurel Park housing is 38% lower 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

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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	$50,658	$4,222	$1,182	$1,520
Renters	$35,580	$2,965	$830	$1,068

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.
Martinsville, VA	13,146	88	12.4%
Fieldale, VA	1,125	88	12.1%
Eden, NC	15,455	88	11.6%
Sandy Level, VA	744	90	10.3%
Collinsville, VA	7,198	90	10.2%
Laurel Park, VA	544	91	8.9%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Trafford, AL	544	84	15.6%
Sutherland, IA	544	78	21.6%
Chadwick, IL	544	83	17.1%
Amo, IN	544	92	7.8%
Richmond, KS	544	81	18.8%
Laurel Park, VA	544	91	8.9%