Average Cost of Living in Virginia: $42,757 per year.
What is the average monthly cost of living in Virginia?
Housing Costs in Virginia
| Metro Area* | Average Home Price | Average Monthly Rent* |
|---|---|---|
| Richmond | $339,453 | $1,234 |
| Hampton Roads | $347,649 | $1,256 |
| Alexandria | $909,390 | $2,105 |
| Arlington | $965,933 | $2,5818 |
Does it cost a lot to live in Virginia?
Virginia is one of the most expensive states in America, according to the Economic Policy Institute. The cheapest metro area to live in is Richmond at about $83,000 a year, while you need to earn over $110,000 a year to live in many parts of Fairfax and Loudon Counties.
What is a good salary in Virginia?
As of Jul 31, 2022, the average annual pay for the Above Average jobs category in Virginia is $54,767 a year. Just in case you need a simple salary calculator, that works out to be approximately $26.33 an hour. This is the equivalent of $1,053/week or $4,564/month.
Why is rent so high in Virginia?
There are many factors as to why some are seeing steep increases right now and almost all are tied to the pandemic. Virginia Apartment Management Association CEO Patrick McCloud cites low vacancy, inflation, low supply and rental assistance programs.
Is rent expensive in Virginia?
Virginia isn’t the cheapest place to live in America, but it’s better than most of California and the most expensive states in the country. In terms of renting, the average rent price for a one-bedroom apartment in Virginia is $1,791.
What is the average wage in Virginia?
Hourly Rate Salary in Virginia
| Annual Salary | Hourly Wage | |
|---|---|---|
| Top Earners | $81,105 | $39 |
| 75th Percentile | $49,835 | $24 |
| Average | $54,703 | $26 |
| 25th Percentile | $28,826 | $14 |
What state has the lowest cost of living?
Mississippi
Mississippi. Mississippi has the lowest cost of living in the United States. With a cost of living index of 83.3, expenses are nearly 17% less than the national average. Mississippi’s housing costs are the lowest in the nation.
What are the highest paying jobs in Virginia?
Top Paying jobs in Virginia
- HVAC Technician. Southern Trust Home Services, Inc4.2.
- PCA Caregiver. Commonwise Home Care4.6.
- CNA/PCA Caregiver. Commonwise Home Care4.6.
- Caregiver. Commonwise Home Care4.6.
- Sales Training Specialist.
- Territorial Sales.
- Insurance Agent-York Office.
- Entry Level CDL-A Truck Driver – Earn Top Pay FAST!
What is middle class income in Virginia?
(The Center Square) – In Virginia, households must earn a minimum of $32,507 per year to be considered middle class, with the upper earnings boundary set at $156,063, according to a new 24/7 Wall St. analysis.
Is Virginia a good place to live?
With a low crime rate, great quality of healthcare, and a strong economy, it is no surprise that Virginia is one of the best places to live. Surrounded by history and living in the heart of where America began is pretty cool.
How much do utilities cost in Virginia?
Utility bills include the cost of electricity, gas, water, internet, and cable. Utility costs vary greatly by state. The most expensive utility bills can be found in Alaska, with an average cost of $496 per month.
Water Prices by State 2022.
| State | Virginia |
|---|---|
| Avg. Total Utilities | $310 |
| Electric | $124 |
| Internet | $20 |
| Nat. Gas | $80 |
Is it cheaper to live in Maryland or Virginia?
Maryland is 3.7% more expensive than Virginia.
Why are apartments so expensive in Virginia?
Virginia Housing Costs
Due to its proximity to the nation’s capital, the Virginia rental market is relatively expensive.
Where can I live for $500 a month in USA?
Without further ado – and in no particular order – here’s what $500 per month can get you in ten affordable U.S. cities:
- Greenville, OH. Listing: Wayne Crossing.
- Wichita, KS. Listing: Eagle Creek.
- Lawton, OK. Listing: Sheridan Square Apartments.
- Amarillo, TX.
- Indianapolis, IN.
- Searcy, AR.
- Shreveport, LA.
- Jackson, MS.
Where is it cheapest to live in Virginia?
Pulaski, VA – For the second year in a row, the town of Pulaski is the number one cheapest place to live in Virginia in 2020 according to HomeSnacks.net. Housing in Pulaski is super cheap when taken as a proportion of income, whether you’re renting or buying.
Where is it cheap to live in VA?
The 25 cheapest places to live in Virginia
| Rank | City | 1-BR Average Rent |
|---|---|---|
| 1 | Roanoke | $593 |
| 2 | Vinton | $788 |
| 3 | Petersburg | $827 |
| 4 | Lynchburg | $848 |
What is low income Virginia?
Your family Virginia adjusted income must be less than: 1. $12,880. 2. $17,420.
What is minimum wage in Virginia?
The state’s minimum wage was $7.25 prior to May 1, 2021. This is in line with the federal minimum wage of $7.25, which has not changed since 2009. The Bureau of Labor Statistics released two consumer price index reports in late 2021 that included parts of Virginia. One included the Washington metropolitan area.
What’s considered middle class in Virginia?
A Virginia middle-class resident makes anywhere from $37,750 to $113,251 a year, according to Pew’s data. That range includes both the demographic groups Northam and Republicans have said would benefit from their respective tax plans. The average median income in the state is about $68,000 a year.
What is the best state to live in financially?
The five best states for your personal finances in 2022 are (No. 1 being best): Tennessee.
- New Jersey.
- Hawaii.
- Connecticut.
- Alaska.
- Illinois.