Woodlawn CDP (Carroll County) cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexWoodlawn CDP (Carroll County)VirginiaNational
Cost of living index94108100
IndexWoodlawn CDP (Carroll County)VirginiaNational
Goods & Services index109100100
Groceries index11796100
Health care index107100100
Housing index59130100
Transportation index11091100
Utilities index103101100
The above illustration supplies generalized information for the Woodlawn CDP (Carroll County), VA cost of living index. Compared to other cities in Virginia and cities across the country, the cost of living index in Woodlawn CDP (Carroll County), VA is 94, which is 13% lower than the Virginia average and 6% lower than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Woodlawn CDP (Carroll County), VA are 9% higher than the average for Virginia and 9% higher than the rest of the country.
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Did you know?

  • The cost of living in Woodlawn CDP (Carroll County) is 13% lower than the Virginia average.
  • The cost of living in Woodlawn CDP (Carroll County) is 6% lower than the national average.
  • The cost of housing in Woodlawn CDP (Carroll County) is 41% lower than the national average.
  • Virginia general sales tax is 4% higher than the national average.
  • Virginia state income tax is 10% lower than the national average.

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Compare Woodlawn CDP (Carroll County), VA Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
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Groceries index
Health care index
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Using the salary calculator lets you compare the salary you earn in Woodlawn CDP (Carroll County), VA to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Woodlawn CDP (Carroll County), VA, you have to earn a higher income in order to still have the same standard of living. To operate the Woodlawn CDP (Carroll County), VA salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$54,718$4,560$1,277$1,642
Renters$41,563$3,464$970$1,247
The affordability of the housing market in Woodlawn CDP (Carroll County), VA as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Woodlawn CDP (Carroll County), VA homeowners, the median income is $54,718. This indicates that a monthly maximum of $1,277 should be spent by homeowners on all housing related costs. Renters have a median income of $41,563. This indicates that renters should have a maximum of $970 used for their rent related monthly costs.

Virginia Sales Tax

StateGeneral Sales TaxWith Max Surtax
Virginia5.3%6%

Virginia Income Tax

StateIncome Tax (Low)Income Tax (High)
Virginia2%5.75%
When considering the overall cost of living expenses in Woodlawn CDP (Carroll County), VA, it's important to take into account the sales tax for Virginia, as well as the rate for income tax in Virginia. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for Virginia is 6%, and the sales tax in the state of Virginia is 5.3%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in Virginia starts from 2% and goes up to 5.75%.

Goods & Services

ItemWoodlawn CDP (Carroll County)National avg.Difference
Haircut $18.11$16.0912.6%
Beauty Salon $62.00$37.3366.1%
Toothpaste $3.17$2.4529.7%
Shampoo $1.27$1.0026.6%
Movie $12.63$10.2822.8%
Bowling $5.45$4.9310.5%

Groceries

ItemWoodlawn CDP (Carroll County)National avg.Difference
Ground Beef $4.24$3.8011.6%
Fried Chicken $2.29$1.4063.7%
Milk $2.45$2.0121.9%
Potatoes $3.69$3.0122.4%
Pizza $10.49$9.896.1%
Beer $10.10$8.9013.5%

Health Care

ItemWoodlawn CDP (Carroll County)National avg.Difference
Optometrist $95.25$102.166.8%
Doctor $122.58$108.3613.1%
Dentist $98.00$92.535.9%
Ibuprofen $9.83$9.285.9%
Lipitor $432.66$425.821.6%

Housing

ItemWoodlawn CDP (Carroll County)National avg.Difference
Home Price $111,300.00$184,700.0039.7%
Avg. Mortgage Payment $2,942.02$1,202.44144.7%
Apartment Rent $521.00$949.0045.1%

Transportation

ItemWoodlawn CDP (Carroll County)National avg.Difference
Gasoline $2.45$2.249.0%
Tire Balancing $51.67$46.2911.6%

Utilities

ItemWoodlawn CDP (Carroll County)National avg.Difference
All Electricity$143.97$165.9613.2%
Phone $34.95$28.6821.8%
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, StatePopulationCost of Living IndexNational Avg.
Rose Hill CDP (Lee County), VA70892-8%
Potomac Heights, MD1,19195-5%
Wakefield town, VA81097-3%
Belle Haven town, VA5621022%
Quantico, VA5241033%
Woodlawn CDP (Carroll County), VA2,24794-6%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Halstead, KS2,24785-15%
Lexington, OK2,24884-16%
Buchanan, NY2,24613838%
Fairplains, NC2,24889-11%
Buies Creek, NC2,2481000%
Woodlawn CDP (Carroll County), VA2,24794-6%
Source: The Woodlawn CDP (Carroll County), VA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.