Cost Of Living in Massanetta Springs, VA

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F

26%

Overall NAT. AVG.

3%

Goods & Services NAT. AVG.

84%

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	Massanetta Springs	Virginia	National
Cost of living	126	109	100
Goods & Services	103	100	100
Groceries	99	101	100
Health care	96	99	100
Housing	184	130	100
Transportation	93	95	100
Utilities	105	104	100

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Cost Of Living Quick Facts

The cost of living in Massanetta Springs is 16% higher than the Virginia average
The cost of living in Massanetta Springs is 26% higher than the national average
Massanetta Springs housing is 84% 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	$107,780	$8,982	$2,515	$3,234
Renters	$75,637	$6,303	$1,765	$2,269

The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Massanetta Springs, VA, as well as what the overall cost of living might be. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payments and not more than 36 percent of income on all expenses and debts. In Massanetta Springs, homeowners have a median income of $107,780. Using that number, a maximum of $2,515 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $75,637, which means there is a maximum of $1,765 to be spent on the costs of renting a home or apartment.

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	Massanetta Springs	National avg.	Difference
Haircut	$27.97	$24.26	15.3%
Beauty Salon	$54.19	$45.56	18.9%
Toothpaste	$3.81	$3.70	2.9%
Shampoo	$1.71	$1.28	33.5%
Movie	$15.32	$12.13	26.3%
Bowling	$25.50	$18.00	41.7%

Groceries

Item	Massanetta Springs	National avg.	Difference
Ground Beef	$6.34	$5.84	8.5%
Fried Chicken	$1.41	$1.57	10.4%
Milk	$4.78	$4.67	2.4%
Potatoes	$5.33	$4.93	8.0%
Pizza	$12.47	$12.09	3.2%
Beer	$11.67	$10.41	12.1%

Health Care

Item	Massanetta Springs	National avg.	Difference
Optometrist	$121.84	$125.68	3.1%
Doctor	$168.85	$135.78	24.4%
Dentist	$135.19	$113.29	19.3%
Ibuprofen	$11.86	$10.65	11.4%
Lipitor	$414.10	$468.60	11.6%

Housing

Item	Massanetta Springs	National avg.	Difference
Home Price	$371,400.00	$184,700.00	101.1%
Avg. Mortgage Payment	$5,381.45	$2,346.69	129.3%
Apartment Rent	$1,378.00	$949.00	45.2%

Transportation

Item	Massanetta Springs	National avg.	Difference
Gasoline	$3.49	$3.46	0.8%
Tire Balancing	$57.76	$59.92	3.6%

Utilities

Item	Massanetta Springs	National avg.	Difference
All Electricity	$201.35	$193.99	3.8%
Phone	$184.83	$192.25	3.9%

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.
Shenandoah, VA	2,897	96	4.1%
Verona, VA	3,965	97	2.6%
Grottoes, VA	2,797	99	1.2%
Elkton, VA	2,872	99	1.2%
Broadway, VA	3,925	101	1.2%
Massanetta Springs, VA	5,819	126	25.9%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Rupert, ID	5,820	88	11.7%
Lakemoor, IL	5,820	109	8.8%
Little Silver, NJ	5,817	197	97.0%
Smiths Station, AL	5,821	94	5.8%
Alma, AR	5,816	91	9.1%
Massanetta Springs, VA	5,819	126	25.9%