Cost Of Living in Wakefield town, VA

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A+

8%

Overall NAT. AVG.

1%

Groceries NAT. AVG.

32%

Housing NAT. AVG.

Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.

The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index	Wakefield town	Virginia	National
Cost of living	92	111	100
Groceries	101	103	100
Health care	101	103	100
Housing	68	129	100
Transportation	103	105	100
Utilities	103	104	100
Lifestyle & Entertainment	101	103	100
Household Items	100	102	100
Education & Childcare	106	109	100

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Cost Of Living Quick Facts

The cost of living in Wakefield town is 18% lower than the Virginia average
The cost of living in Wakefield town is 8% lower than the national average
Wakefield town housing is 32% lower 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
Groceries index
Health care index
Housing index
Transportation index
Utilities index
Lifestyle index
Household index
Educare index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$51,351	$4,279	$1,198	$1,541
Renters	$39,598	$3,300	$924	$1,188

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%

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Rose Hill CDP (Lee County), VA	731	89	11.0%
Woodlawn CDP (Carroll County), VA	2,334	89	11.3%
Belle Haven town, VA	578	99	1.4%
Hillcrest Heights, MD	16,890	113	13.3%
Marumsco, VA	40,366	113	13.2%
Wakefield town, VA	838	92	8.4%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Cottondale, FL	838	82	18.4%
Quapaw, OK	838	81	18.9%
Philadelphia, TN	838	87	13.1%
Grayland, WA	838	106	6.1%
Brantleyville, AL	837	76	24.1%
Wakefield town, VA	838	92	8.4%