In terms of salary, according to EPI, a typical household (two adults and two children) in Fairfax County would need $9,797 a month or $117,561 a year to live comfortably. Their calculator accounts for housing, food, child care, transportation, taxes, other necessities, and healthcare costs.
What is a livable salary in Northern Virginia?
Living Wage Calculation for Fairfax County, Virginia
| 1 ADULT | 2 ADULTS (BOTH WORKING) | |
|---|---|---|
| 0 Children | 1 Child | |
| Living Wage | $22.98 | $23.08 |
| Poverty Wage | $6.19 | $5.28 |
| Minimum Wage | $11.00 | $11.00 |
What is a comfortable salary in Virginia?
How much does an Average make in Virginia? As of Jul 31, 2022, the average annual pay for the Average jobs category in Virginia is $67,968 a year. Just in case you need a simple salary calculator, that works out to be approximately $32.68 an hour. This is the equivalent of $1,307/week or $5,664/month.
What is a good salary to live in Virginia?
How much money do you need to live comfortably in Virginia? According to livingwage.mit.edu, a living wage calculator based at MIT, you’ll need a salary of at least $26,631 if you have no children. If you are one adult with two children, you’ll need $61,780 after taxes.
What is the average cost of living in Northern Virginia?
Residents of Fairfax County need to make $4,754 every month to maintain a modest standard of living, making it the most expensive place to live in Virginia.
What is middle class income in Northern Virginia?
$43,950 to $131,380
Northern Virginia’s middle class includes people with incomes from $43,950 to $131,380, according to Pew.
What is poverty level in Northern VA?
Poverty in Fairfax County
In 2019, poverty for a family of four is defined as a family annual income of less than $25,750 per year. (6.0% or 1 in 17) people live in poverty. (10.0% or 1 in 13) children under age 5 live in poverty. (4.7% or 1 in 18) people over age 65 live in poverty.
Is Northern Virginia a rich area?
Northern Virginia has a significantly larger job base than either Washington or the Maryland portion of its suburbs, and is the highest-income region of Virginia, having several of the highest-income counties in the nation, including 3 of the richest 10 counties by median household income according to the 2019 American
What is the average cost of living in Virginia?
Average Cost of Living in Virginia: $42,757 per year.
What is considered a high salary in Virginia?
A person working in Virginia typically earns around 101,000 USD per year. Salaries range from 25,500 USD (lowest average) to 449,000 USD (highest average, actual maximum salary is higher). This is the average yearly salary including housing, transport, and other benefits.
How much do you need to retire in Northern VA?
With a slightly higher than average cost of living, a comfortable retirement costs $1,140,824 in Virginia, about $20,416 more than the national average. Virginia has a slightly smaller than average retirement-age population.
What is considered upper class in Virginia?
$37,621 is the 25th percentile. Salaries below this are outliers. $65,470 is the 75th percentile.
What is considered poor in Virginia?
As shown below, the VPM reports that over 26 percent of Virginians are in or near poverty (annual income under about $43,500 for a two-adult, two-child family), compared to 19.3 percent reported by the official poverty measure.
What are the top 10 poorest counties in Virginia?
Here Are The 10 Poorest Cities and Counties In Virginia
- Grayson County: median household income $30,710.
- Danville: median household income: $30,768.
- Lee County: median household income $31,308.
- Franklin: median household income $31,928.
- Emporia: median household income $32,155.
- Bristol: median household income $32,221.
What is the poverty line in Virginia 2022?
HHS Poverty Guidelines for 2022
| 2022 POVERTY GUIDELINES FOR THE 48 CONTIGUOUS STATES AND THE DISTRICT OF COLUMBIA | |
|---|---|
| Persons in family/household | Poverty guideline |
| 1 | $13,590 |
| 2 | $18,310 |
| 3 | $23,030 |
Where do the wealthy live in Virginia?
Vienna is being credited as the richest town in the state of Virginia. Stacker.com compiled a list of the richest towns in all 50 U.S. states, which lists Vienna as having a median household income of $161,196 (134.6% more than the U.S. median income).
Why is Loudoun County so rich?
The reason it’s so well off is the proximity to dc and large tech/defense corridor. The county attracts the rich because you can buy a McMansion with land, and still get to work.
What is America’s wealthiest state?
Richest U.S. States by GDP
- 1. California. California, the nation’s most populous state, has the largest state GDP of $3,120,386,000. California’s median household income is $80,440, the sixth-highest in the U.S.
- Texas.
- New York.
- Florida.
- Illinois.
Where is the most affordable place 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.
Is it cheaper to live in VA or NC?
North Carolina is 11.0% cheaper than Virginia.
Is it cheaper to live in VA or MD?
Maryland is 3.7% more expensive than Virginia.