F
62%
Overall NAT. AVG.
9%
Goods & Services NAT. AVG.
193%
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 Woodburn Virginia National
Cost of living162109100
Goods & Services109100100
Groceries108101100
Health care9799100
Housing293130100
Transportation9595100
Utilities110104100

An Overview of Cost of Living in Woodburn, VA

Are you thinking about relocating, but curious about the potential cost of living in Woodburn? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Woodburn stands at 162, making it 62% 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 Woodburn 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, Woodburn falls into this category, which may not be suitable for those seeking an economically favorable living environment.

When it comes to the cost of living in Woodburn, housing costs are a real heavyweight, often hogging a significant chunk of your earnings. Sadly, in this area, housing expenses for both buying and renting were 193% more expensive compared to your average city. That means you'll be shelling out more for homes, rents, mortgage rates and insurance.

Is Woodburn Affordable?

Wondering if Woodburn 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 Woodburn, for example, the median home price is 231.9% higher than what folks pay nationally, and monthly rent is 102.1% higher than the usual rates. Plus, income levels matter too, with Woodburn boasting a median household income of $126,034, which is 127.8% higher than the national average.

What Factors can Influence the Cost of Living in Woodburn?

Subsidies: Certain cities or states may institute government subsidies or assistance programs designed to alleviate the financial burdens associated with the cost of living for their residents. These programs encompass a variety of support mechanisms, including Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and farm subsidies. Areas that provide fewer subsidies may see an uptick in their overall cost of living.

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 Woodburn, the housing index is 193% higher than the national average.

Where is the Data From?

The cost of living data in Woodburn displayed above is sourced from the C2ER cost of living index, which serves as a practical tool for comparing living expenses across urban areas. Published on a quarterly basis, this index aggregates data from over 300 independent researchers, encompassing more than 60 goods and services, in 6 different categories. The weightings assigned to cost differences rely on government survey data that tracks the spending habits of professional and executive households. It's worth noting that the C2ER index excludes data on sales or income tax rates, while AreaVibes integrates tax rates into the overall cost of living evaluation for each region.

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Cost Of Living Quick Facts

  • The cost of living in Woodburn is 49% higher than the Virginia average
  • The cost of living in Woodburn is 62% higher than the national average
  • Woodburn housing is 193% 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 Woodburn

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Compare Woodburn, 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$143,553$11,963$3,349$4,307
      Renters$72,772$6,064$1,698$2,183
      The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Woodburn, VA, as well as what the overall cost of living might be. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payments and not more than 36 percent of income on all expenses and debts. In Woodburn, homeowners have a median income of $143,553. Using that number, a maximum of $3,349 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $72,772, which means there is a maximum of $1,698 to be spent on the costs of renting a home or apartment.

      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 Woodburn National avg. Difference
      Haircut $26.11$24.267.6%
      Beauty Salon $70.08$45.5653.8%
      Toothpaste $3.81$3.702.8%
      Shampoo $1.51$1.2817.9%
      Movie $15.69$12.1329.3%
      Bowling $24.83$18.0038.0%

      Groceries

      Item Woodburn National avg. Difference
      Ground Beef $6.24$5.846.9%
      Fried Chicken $1.40$1.5711.0%
      Milk $4.78$4.672.2%
      Potatoes $5.49$4.9311.3%
      Pizza $12.56$12.093.9%
      Beer $11.10$10.416.6%

      Health Care

      Item Woodburn National avg. Difference
      Optometrist $92.00$125.6826.8%
      Doctor $135.03$135.780.5%
      Dentist $117.67$113.293.9%
      Ibuprofen $11.52$10.658.1%
      Lipitor $403.79$468.6013.8%

      Housing

      Item Woodburn National avg. Difference
      Home Price $613,100.00$184,700.00231.9%
      Avg. Mortgage Payment $4,819.29$2,346.69105.4%
      Apartment Rent $1,918.00$949.00102.1%

      Transportation

      Item Woodburn National avg. Difference
      Gasoline $3.25$3.466.0%
      Tire Balancing $59.00$59.921.5%

      Utilities

      Item Woodburn National avg. Difference
      All Electricity $222.47$193.9914.7%
      Phone $197.37$192.252.7%
      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.
      Shannondale, WV3,3641098.6%
      Charles Town, WV5,98511313.1%
      Shenandoah Retreat, VA55011716.8%
      University Center, VA3,87812726.8%
      Point of Rocks, MD2,06712928.9%
      Woodburn, VA10,08116262.3%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Vernon, TX10,0788020.4%
      St. Albans, WV10,0788911.0%
      Harrisonville, MO10,0849010.2%
      Bernalillo, NM10,077954.8%
      Makaha, HI10,08714646.3%
      Woodburn, VA10,08116262.3%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.