| Index | Short Pump | Virginia | National |
| Cost of living | 136 | 111 | 100 |
| Groceries | 103 | 103 | 100 |
| Health care | 100 | 103 | 100 |
| Housing | 212 | 129 | 100 |
| Transportation | 106 | 105 | 100 |
| Utilities | 104 | 104 | 100 |
| Lifestyle & Entertainment | 106 | 103 | 100 |
| Household Items | 101 | 102 | 100 |
| Education & Childcare | 103 | 109 | 100 |
Are you thinking about relocating, but curious about the potential cost of living in Short Pump? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Short Pump stands at 136, making it 36% 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 Short Pump is among the highest in the country, making it a very expensive place to live. Only a small fraction of regions boast a cost of living that is at least 20% higher than the national average, and regrettably, Short Pump falls into this category, which may not be suitable for those seeking an economically favorable living environment.
Housing costs make up a big chunk of the cost of living in Short Pump, and they usually eat into a large part of your take-home pay. Unfortunately, in this area, both buying a home and renting one costs 112.5% more than the average city. This includes stuff like home prices, rent, mortgage rates, and insurance.
Is Short Pump an affordable place to live? That's a valid question to ask when you're thinking about moving to a new city. After all, how much it costs to live somewhere can be a huge factor in your decision. Affordability can be broken down into 3 common categories. The cost of living index (we talked about it earlier), housing expenses and income levels all play a big role in figuring out if a place is affordable. For instance, in Short Pump, the median home price is 137.3% higher than what most folks pay across the country, and monthly rent prices are 54.6% higher than the usual rates. Income levels in Short Pump come in at $156,999, which is 93% higher than the national average.
Transportation: When public transportation options are limited or non-existent, residents frequently resort to vehicle ownership, which can significantly contribute to the overall cost of living. Monthly financial obligations encompass fuel, insurance, regular maintenance and potentially lease or financing expenses. In Short Pump, the transportation index is 5.7% higher than the national average.
Groceries: Grocery costs have continued to increase significantly over the last 2-3 years. In some markets the cost of food has gone up by more than 20% in that period. While other markets have managed to see only a moderate uptick. These food costs can have a major impact on the cost of living in any area. In Short Pump, the groceries index is 2.9% higher than the national average.
Housing: When everyone's vying for homes in popular areas, it drives up property prices and rents, making the overall cost of living surge. On the flip side, in less sought-after locales, where housing demand is low, prices tend to dip, resulting in a more economical cost of living. In Short Pump, the housing index comes in at 112.5% higher than the national average.
The Short Pump cost of living data above is designed around a U.S. average baseline of 100, allowing for easy comparisons of relative living costs. Housing incorporates U.S. Census home price and rental data, while all other figures are AI-assisted estimates that account for regional price trends, climate, transportation dynamics, and common everyday expenses. These values are best used as directional city-to-city comparisons.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $217,759 | $18,147 | $5,081 | $6,533 |
| Renters | $115,939 | $9,662 | $2,705 | $3,479 |
| State | General Sales Tax | With Max Surtax |
| Virginia | 5.3% | 6% |
| State | Income Tax (Low) | Income Tax (High) |
| Virginia | 2% | 5.75% |
| City | Population | Cost of Living Index | National Avg. |
| Goochland, VA | 702 | 103 | 3.3% |
| Montrose, VA | 7,859 | 97 | 3.4% |
| Bensley, VA | 6,198 | 99 | 1.1% |
| East Highland Park, VA | 17,051 | 99 | 0.9% |
| Lakeside, VA | 13,009 | 105 | 5.1% |
| Short Pump, VA | 27,939 | 136 | 36.1% |
| City | Population | Cost of Living Index | National Avg. |
| Magna, UT | 27,938 | 109 | 9.4% |
| Magog, QC | 27,928 | n/a | |
| Imperial Beach, CA | 27,956 | 167 | 67.0% |
| Anderson, SC | 27,956 | 93 | 7.4% |
| New Smyrna Beach, FL | 27,977 | 117 | 17.0% |
| Short Pump, VA | 27,939 | 136 | 36.1% |
Here are the best places to live in Virginia
Most Dangerous Cities In The US
These are the 10 cheapest cities in Virginia
Safest States In The US