D+
20%
Overall NAT. AVG.
0%
Goods & Services NAT. AVG.
67%
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 Tuckahoe Virginia National
Cost of living120109100
Goods & Services100100100
Groceries101101100
Health care9699100
Housing167130100
Transportation10095100
Utilities105104100

An Overview of Cost of Living in Tuckahoe, VA

The cost of living in Tuckahoe affects the quality of life one can afford in this new location. It allows people to assess whether they can maintain their preferred lifestyle, including housing, leisure activities and dining options. Your total monthly expenditures can varry depending on the area, as well as many other factors. The cost of living in Tuckahoe is 120, which is 20% higher than the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.

If you're in pursuit of an economical living environment, Tuckahoe may not fit the bill, as it ranks among the most expensive places to reside in the United States. Just a minority of regions exhibit a cost of living that is more than 20% higher than the national average, and, unfortunately, Tuckahoe falls within this bracket.

Housing costs are a very significant part of the Tuckahoe cost of living index and generally encompass a large percentage of take-home income. Unfortunately, in this area, the housing costs for both homes and rentals were 66.5% more than the average city. This includes things like home and rent prices, mortgage rates and insurance.

Is Tuckahoe Affordable?

Is Tuckahoe affordable? It's a key consideration when pondering a move, as affordability often shapes your choices. The cost of living index (we discussed it earlier), coupled with housing costs and income levels, serves as the cornerstone for determining a location's affordability. Take Tuckahoe, for instance, where the median home price falls 84.7% higher than the national average, and monthly rent rates are 24% higher than usual. Additionally, median income levels contribute to the equation, with Tuckahoe flaunting a median household income of $81,170, 46.7% higher than the national norm.

What Factors can Influence the Cost of Living in Tuckahoe?

Urbanization: Larger, urban areas boasting abundant amenities and robust employment prospects often exhibit a heightened cost of living, driven by the increased demand for services and residential relocation. Consequently, this leads to elevated home prices and higher rental rates. In contrast, sparsely populated rural locales or regions marked by diminished demand typically offer a more limited range of amenities and experience slower job market expansion. This translates into a more affordable cost of living.

Housing: When there's a high demand for housing in trendy places, it can cause property prices and rental rates to soar, leading to a significantly higher cost of living. Conversely, in less desirable locations, where demand is low, prices tend to decrease, resulting in a more budget-friendly cost of living. In Tuckahoe, the housing index is 66.5% higher 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 Tuckahoe, the transportation index stands at 0.3% lower than the national average.

Where is the Data From?

The cost of living in Tuckahoe, presented above is derived from the C2ER cost of living index, offering a practical method for assessing living cost disparities in urban areas. Published quarterly, this index compiles data from more than 300 independent researchers, encompassing over 60 goods and services in 6 categories. The weightings assigned to cost variances are informed by government survey data tracking the expenditure patterns of professional and executive households. It should be noted that the C2ER index does not include data on sales or income tax rates, however, AreaVibes incorporates tax rates into the overall cost of living score for each area.

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Cost Of Living Quick Facts

  • The cost of living in Tuckahoe is 10% higher than the Virginia average
  • The cost of living in Tuckahoe is 20% higher than the national average
  • Tuckahoe housing is 67% 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 Tuckahoe

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Compare Tuckahoe, 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$110,435$9,203$2,577$3,313
      Renters$47,244$3,937$1,102$1,417
      A good indicator of the general affordability of housing in Tuckahoe, 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 Tuckahoe, the median monthly income is $110,435 for those who own their own homes. Under the standard rule, that income level would allow for $2,577 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $47,244, per the median income in the area. That would allow for renters to spend up to $1,102 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 Tuckahoe 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 Tuckahoe 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 Tuckahoe 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 Tuckahoe National avg. Difference
      Home Price $341,200.00$184,700.0084.7%
      Avg. Mortgage Payment $2,083.79$2,346.6911.2%
      Apartment Rent $1,177.00$949.0024.0%

      Transportation

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

      Utilities

      Item Tuckahoe 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.
      Montrose, VA7,639946.2%
      Bensley, VA6,044964.0%
      Bellwood, VA7,808973.1%
      Highland Springs, VA15,000982.0%
      East Highland Park, VA16,499981.8%
      Tuckahoe, VA48,51712020.4%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Antelope, CA48,46813333.4%
      McLean, VA48,566225125.2%
      Draper, UT48,59414544.6%
      East Lansing, MI48,437973.2%
      Saginaw, MI48,4078217.8%
      Tuckahoe, VA48,51712020.4%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.