Cost Of Living in Mantua, VA

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F

82%

Overall NAT. AVG.

8%

Goods & Services NAT. AVG.

257%

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	Mantua	Virginia	National
Cost of living	182	109	100
Goods & Services	108	100	100
Groceries	114	101	100
Health care	112	99	100
Housing	357	130	100
Transportation	100	95	100
Utilities	101	104	100

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Cost Of Living Quick Facts

The cost of living in Mantua is 67% higher than the Virginia average
The cost of living in Mantua is 82% higher than the national average
Mantua housing is 257% 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	$231,331	$19,278	$5,397	$6,941
Renters	$73,640	$6,137	$1,718	$2,209

A good way to judge both the affordability of the housing and the cost of living in Mantua 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. Mantua has a median income of about $231,331 for people who own homes. Based on that number, a maximum of $5,397 should be spent on expenses related to housing. Renters have a slightly different median income, which is $73,640. Based on this average, renters should spend no more than $1,718 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%

Goods & Services

Item	Mantua	National avg.	Difference
Haircut	$18.62	$24.26	23.3%
Beauty Salon	$35.20	$45.56	22.7%
Toothpaste	$3.73	$3.70	0.7%
Shampoo	$1.22	$1.28	5.0%
Movie	$11.20	$12.13	7.7%
Bowling	$19.22	$18.00	6.8%

Groceries

Item	Mantua	National avg.	Difference
Ground Beef	$5.49	$5.84	6.0%
Fried Chicken	$1.37	$1.57	13.0%
Milk	$4.73	$4.67	1.3%
Potatoes	$4.76	$4.93	3.5%
Pizza	$12.47	$12.09	3.2%
Beer	$10.83	$10.41	4.1%

Health Care

Item	Mantua	National avg.	Difference
Optometrist	$109.25	$125.68	13.1%
Doctor	$94.10	$135.78	30.7%
Dentist	$109.57	$113.29	3.3%
Ibuprofen	$10.51	$10.65	1.3%
Lipitor	$487.97	$468.60	4.1%

Housing

Item	Mantua	National avg.	Difference
Home Price	$790,100.00	$184,700.00	327.8%
Avg. Mortgage Payment	$1,870.08	$2,346.69	20.3%
Apartment Rent	$1,811.00	$949.00	90.8%

Transportation

Item	Mantua	National avg.	Difference
Gasoline	$3.29	$3.46	4.9%
Tire Balancing	$62.25	$59.92	3.9%

Utilities

Item	Mantua	National avg.	Difference
All Electricity	$248.70	$193.99	28.2%
Phone	$185.37	$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.
Rose Hill CDP (Lee County), VA	708	92	7.8%
Woodlawn CDP (Carroll County), VA	2,247	94	5.9%
Wakefield town, VA	810	95	4.6%
Belle Haven town, VA	562	102	2.0%
Marumsco, VA	38,815	116	15.8%
Mantua, VA	7,784	182	81.9%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Austell, GA	7,783	96	4.3%
Joshua Tree, CA	7,786	105	4.8%
Navasota, TX	7,786	86	13.9%
Butner, NC	7,779	95	5.1%
Antigo, WI	7,779	77	22.7%
Mantua, VA	7,784	182	81.9%