McLean, Virginia Cost Of Living

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F

Overall 114%

Goods & Services 8%

Housing 364%

Date & Last Updated: This data reflects 2022 and was released from C2ER in January, 2022; 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	McLean	Virginia	National
Cost of living	214	107	100
Goods & Services	108	100	100
Groceries	111	96	100
Health care	84	100	100
Housing	464	130	100
Transportation	113	93	100
Utilities	105	97	100

Key findings

The cost of living in McLean is 99% higher than the Virginia average
The cost of living in McLean is 114% higher than the national average
McLean housing is 364% higher than the national average
Virginia general sales tax is 4% higher than the national average
Virginia state income tax is 19% 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	$207,456	$17,288	$4,840	$6,224
Renters	$108,894	$9,075	$2,541	$3,267

A good indicator of the general affordability of housing in McLean, VA, is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In McLean, the median monthly income is $207,456 for those who own their own homes. Under the standard rule, that income level would allow for $4,840 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $108,894, per the median income in the area. That would allow for renters to spend up to $2,541 on monthly rental expenses.

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	McLean	National avg.	Difference
Haircut	$26.32	$20.27	29.8%
Beauty Salon	$64.54	$40.39	59.8%
Toothpaste	$2.19	$2.36	7.3%
Shampoo	$0.96	$1.08	11.2%
Movie	$12.17	$10.99	10.8%
Bowling	$17.02	$15.49	9.9%

Groceries

Item	McLean	National avg.	Difference
Ground Beef	$5.18	$4.30	20.5%
Fried Chicken	$1.53	$1.40	9.6%
Milk	$2.49	$2.20	12.9%
Potatoes	$3.30	$3.22	2.4%
Pizza	$11.96	$10.74	11.4%
Beer	$10.97	$9.60	14.3%

Health Care

Item	McLean	National avg.	Difference
Optometrist	$74.77	$109.73	31.9%
Doctor	$96.52	$118.34	18.4%
Dentist	$86.86	$100.94	14.0%
Ibuprofen	$9.92	$9.93	0.2%
Lipitor	$398.89	$469.53	15.0%

Housing

Item	McLean	National avg.	Difference
Home Price	$982,900.00	$184,700.00	432.2%
Avg. Mortgage Payment	$2,757.85	$1,229.62	124.3%
Apartment Rent	$2,881.00	$949.00	203.6%

Transportation

Item	McLean	National avg.	Difference
Gasoline	$2.97	$2.71	9.5%
Tire Balancing	$61.49	$51.86	18.6%

Utilities

Item	McLean	National avg.	Difference
All Electricity	$180.30	$170.84	5.5%
Phone	$194.85	$187.18	4.1%

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	90	9.6%
Woodlawn CDP (Carroll County), VA	2,247	92	7.7%
Wakefield town, VA	810	96	4.3%
Belle Haven town, VA	562	100	0.2%
Cottage City, MD	1,209	108	8.0%
McLean, VA	48,867	214	114.3%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Bedford, TX	48,864	100	0.2%
Murray, UT	48,834	108	7.5%
Sheboygan, WI	48,813	91	8.9%
Shawinigan, QC	48,810	n/a
Cypress, CA	48,978	154	54.2%
McLean, VA	48,867	214	114.3%

Source: This data reflects 2021 and was released from C2ER in January, 2022; this is the most current data available.