"What is the estimated cost of living in Virginia compared to the national average?"

The overall cost of living in Virginia is approximately 2.5% higher than the national average.

(Missouri Economic Research and Information Center)

Housing in Virginia is significantly higher than the national average, at around 14%.

(Missouri Economic Research and Information Center)

The average living cost in Virginia is $2,326, making it 106 times more expensive than the average in the United States.

(Cost of Living & Prices in Virginia)

Virginia ranked 19th most expensive and 21st best state to live in the United States.

(Cost of Living & Prices in Virginia)

The average salary after taxes in Virginia is $4,638, which is enough to cover living expenses for 2 months.

(Cost of Living & Prices in Virginia)

The federal minimum wage is $7.25 per hour, while Virginia's state law sets the minimum wage rate at $12 per hour in 2024.

(Minimum Wage Values in Virginia)

Housing costs in Virginia average between $1,221 to $1,839 per month.

(Sperling's BestPlaces)

The median price of single-family homes in Virginia is $365,000.

(Virginia Realtors)

The average single Virginia resident spends around $3926 on food or roughly $32,716 per year.

(Bankrate)

Utilities are reasonable in Virginia with an index score of 92.

(Sperling's BestPlaces)

Studios in Virginia are priced at 17.2% above the national median, while two-bedroom apartments are 6.8% pricier.

(PayScale)

In Virginia Beach, less than 40% of residents are renters, and the median rent for a studio is $1,065 while the two-bedroom median is $1,289.

(Apartment List)

Healthcare services such as doctor checkups and dentistry cost 11% higher in Virginia compared to the national average.

(Career Karma)

The average cost of living in Virginia per month is $2,532 exclusive of annual taxes.

(Career Karma)

The average monthly rent in Virginia is $1,104.

(Career Karma)

Medical care will set you back $530 per month in Virginia.

(Career Karma)

📚 Sources