A-
4%
Overall NAT. AVG.
0%
Goods & Services NAT. AVG.
11%
Housing NAT. AVG.
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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 Meadowbrook Virginia National
Cost of living104109100
Goods & Services100100100
Groceries101101100
Health care9699100
Housing111130100
Transportation10095100
Utilities105104100

An Overview of Cost of Living in Meadowbrook, VA

Are you thinking about relocating, but curious about the potential cost of living in Meadowbrook? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Meadowbrook stands at 104, making it 4% higher than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.

The cost of living in Meadowbrook aligns closely with the national average when compared to other cities across the nation. Everyday essentials such as groceries, goods and services, health care and utility bills are priced at a level consistent with the average in similar urban areas. Meadowbrook residents can anticipate that their daily expenses won't be significantly higher than those in an average city, ensuring that the cost of living remains manageable.

Is Meadowbrook Affordable?

Wondering if Meadowbrook is affordable? It's a question that often comes up when you're thinking about a new city since affordability can really shape your decisions. The cost of living index (covered earlier), housing expenses and income levels all play a part in the affordability equation. In Meadowbrook, for example, the median home price is 4.2% higher than what folks pay nationally, and monthly rent is 25.3% higher than the usual rates. Plus, income levels matter too, with Meadowbrook boasting a median household income of $65,065, which is 17.6% higher than the national average.

What Factors can Influence the Cost of Living in Meadowbrook?

Healthcare: Healthcare expenditures and insurance premium rates can vary significantly, contingent upon the particular city or state. Factors such as the accessibility of healthcare facilities, out-of-pocket expenses for doctor's appointments, dental care charges, prescription medication costs, and expenses related to specialized medical care can all have an impact on the overall cost of living. In Meadowbrook, healthcare costs are 4.4% lower than the national average.

Transportation: In cities with limited or no public transportation, residents may find it necessary to own and maintain vehicles, thereby elevating the cost of living. Monthly expenditures include fuel, insurance, routine maintenance and potential lease or financing commitments. In Meadowbrook, the transportation index stands at 0.3% lower than the national average.

Utilities: Like everything else, utilities costs can range significantly depending on factors like climate, energy sources available, location and even state regulations. Things like electricity, water, heating and waste disposal costs can be higher or lower, depending on the city or state. The utilities index in Meadowbrook comes in at 4.8% higher than the national average.

Where is the Data From?

The Meadowbrook cost of living data you see above is sourced from the C2ER cost of living index, providing a practical and accurate means of comparing living expenses in urban areas. Updated quarterly, this index gathers data from over 300 independent researchers, covering more than 60 goods and services, in 6 different categories. These selections are made meticulously to represent a wide range of consumer expenditure categories. The weightings applied to cost differences are based on government survey data that tracks spending patterns among professional and executive households. It's important to note that while the C2ER index excludes data on sales or income tax rates, AreaVibes factors tax rates into the overall cost of living score for each region.

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Cost Of Living Quick Facts

  • The cost of living in Meadowbrook is 5% lower than the Virginia average
  • The cost of living in Meadowbrook is 4% higher than the national average
  • Meadowbrook housing is 11% higher than the national average
  • Virginia general sales tax is 4% higher than the national average
  • Virginia state income tax is 11% lower than the national average

Most Affordable Places to Live in and Around Meadowbrook

See all the best places to live around Meadowbrook

Compare Meadowbrook, VA Cost of Living

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      Salary Calculator

      This is how much you would need to earn in
      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$72,949$6,079$1,702$2,189
      Renters$49,754$4,146$1,161$1,493
      A good way to judge both the affordability of the housing and the cost of living in Meadowbrook 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. Meadowbrook has a median income of about $72,949 for people who own homes. Based on that number, a maximum of $1,702 should be spent on expenses related to housing. Renters have a slightly different median income, which is $49,754. Based on this average, renters should spend no more than $1,161 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 Meadowbrook National avg. Difference
      Haircut $20.00$24.2617.6%
      Beauty Salon $54.17$45.5618.9%
      Toothpaste $3.72$3.700.5%
      Shampoo $1.26$1.281.3%
      Movie $13.31$12.139.7%
      Bowling $24.17$18.0034.3%

      Groceries

      Item Meadowbrook National avg. Difference
      Ground Beef $5.54$5.845.2%
      Fried Chicken $1.44$1.578.5%
      Milk $4.63$4.671.0%
      Potatoes $5.27$4.936.8%
      Pizza $12.72$12.095.3%
      Beer $10.64$10.412.2%

      Health Care

      Item Meadowbrook National avg. Difference
      Optometrist $95.44$125.6824.1%
      Doctor $122.83$135.789.5%
      Dentist $109.67$113.293.2%
      Ibuprofen $10.76$10.651.0%
      Lipitor $489.65$468.604.5%

      Housing

      Item Meadowbrook National avg. Difference
      Home Price $192,500.00$184,700.004.2%
      Avg. Mortgage Payment $2,083.79$2,346.6911.2%
      Apartment Rent $1,189.00$949.0025.3%

      Transportation

      Item Meadowbrook National avg. Difference
      Gasoline $3.27$3.465.5%
      Tire Balancing $60.00$59.920.1%

      Utilities

      Item Meadowbrook National avg. Difference
      All Electricity $227.22$193.9917.1%
      Phone $185.33$192.253.6%
      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.
      Hopewell, VA22,500946.5%
      Montrose, VA7,639946.2%
      Ettrick, VA5,024964.3%
      Bensley, VA6,044964.0%
      Bellwood, VA7,808973.1%
      Meadowbrook, VA19,6751043.6%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Baldwin, PA19,667955.1%
      Hauppauge, NY19,66115656.3%
      Oroville, CA19,6591088.3%
      Murrysville, PA19,69211313.0%
      Horizon City, TX19,6458910.8%
      Meadowbrook, VA19,6751043.6%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.