Cost Of Living in Long Branch, VA

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F

54%

Overall NAT. AVG.

0%

Goods & Services NAT. AVG.

178%

Housing NAT. AVG.

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Long Branch	Virginia	National
Cost of living	154	109	100
Goods & Services	100	100	100
Groceries	101	101	100
Health care	96	99	100
Housing	278	130	100
Transportation	100	95	100
Utilities	105	104	100

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Cost Of Living Quick Facts

The cost of living in Long Branch is 41% higher than the Virginia average
The cost of living in Long Branch is 54% higher than the national average
Long Branch housing is 178% 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

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$188,846	$15,737	$4,406	$5,666
Renters	$31,979	$2,665	$746	$959

The affordability of the housing market in Long Branch, VA as well as the overall cost of living can be predicted by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Long Branch homeowners, the median income is $188,846. This indicates that a monthly maximum of $4,406 should be spent by homeowners on all housing related costs. Renters have a median income of $31,979. This indicates that renters would have a maximum of $746 for their rent related monthly costs.

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%

Goods & Services

Item	Long Branch	National avg.	Difference
Haircut	$20.00	$24.26	17.6%
Beauty Salon	$54.17	$45.56	18.9%
Toothpaste	$3.72	$3.70	0.5%
Shampoo	$1.26	$1.28	1.3%
Movie	$13.31	$12.13	9.7%
Bowling	$24.17	$18.00	34.3%

Groceries

Item	Long Branch	National avg.	Difference
Ground Beef	$5.54	$5.84	5.2%
Fried Chicken	$1.44	$1.57	8.5%
Milk	$4.63	$4.67	1.0%
Potatoes	$5.27	$4.93	6.8%
Pizza	$12.72	$12.09	5.3%
Beer	$10.64	$10.41	2.2%

Health Care

Item	Long Branch	National avg.	Difference
Optometrist	$95.44	$125.68	24.1%
Doctor	$122.83	$135.78	9.5%
Dentist	$109.67	$113.29	3.2%
Ibuprofen	$10.76	$10.65	1.0%
Lipitor	$489.65	$468.60	4.5%

Housing

Item	Long Branch	National avg.	Difference
Home Price	$631,500.00	$184,700.00	241.9%
Avg. Mortgage Payment	$2,083.79	$2,346.69	11.2%
Apartment Rent	$1,218.00	$949.00	28.3%

Transportation

Item	Long Branch	National avg.	Difference
Gasoline	$3.27	$3.46	5.5%
Tire Balancing	$60.00	$59.92	0.1%

Utilities

Item	Long Branch	National avg.	Difference
All Electricity	$227.22	$193.99	17.1%
Phone	$185.33	$192.25	3.6%

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	Population	Cost of Living Index	National Avg.
Bowling Green, VA	1,367	105	4.6%
Port Royal, VA	151	111	10.9%
Lake Land'Or, VA	3,675	105	5.0%
Lake Caroline, VA	1,423	106	6.1%
King George, VA	4,601	119	19.3%
Long Branch, VA	7,906	154	53.8%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Center Moriches, NY	7,906	139	39.2%
Bennettsville, SC	7,905	85	14.9%
Long Grove, IL	7,907	180	80.1%
Old Forge, PA	7,909	94	6.3%
Bridge City, TX	7,902	95	4.6%
Long Branch, VA	7,906	154	53.8%