The typical renter in Virginia spends $1,202 a month on housing, $179 more than the $1,023 national median monthly rent. Monthly rent for a one-bedroom in the state is $1,086, while the typical rent for a unit with five or more bedrooms is $2,116. In general, living in dense, urban metro bodybuilding oversized shirt areas is more expensive than living in more rural areas — however this is not always the case. The most expensive in the state is the Charlottesville metro area, where the cost of goods and services is 0.9% lower than the national average and 2.9% lower than the statewide average.
To give you a better idea of what costs you’ll need to budget for, here’s a breakdown of the cost of living in Virginia. When considering a move to Fairfax, the cost of housing might sway your decision. If you’re looking for affordable housing in Northern Virginia, you might want to look at the Department of Housing and Community Development .
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The state minimum wage is the same for all individuals, regardless of how many dependents they may have. Data are updated annually, in the first quarter of the new year. State minimum wages are determined based on the posted value of the minimum wage as of January one of the coming year .
With highly regarded schools, family atmosphere, and housing, it’s no mystery why those who reside in Loudoun County enjoy it. With a population of 385,143 encompassing Sterling, Ashburn, South Riding, and Leesburg, it’s one of the smaller counties in Northern Virginia. Many residents remark on how quiet the area is since it’s not in close proximity to a bustling metropolitan area.
Those counties in each state that ranked the most expensive to live in tended to have strong economies, low jobless rates and higher household incomes, according to the study. Fairfax County’s cost of living falls in the mid-range among Northern Virginia’s cost of living, according to the Economic Policy Institute. The organization’s family budget calculator estimates how costly it is to live in Virginia, as well as each of America’s 3,142 counties and 611 metro areas. Northern Virginia’s surplus of amenities and ease of access offer high value at a lower cost of living than many major metros across the nation. Here, you’ll be able to afford your dream life without breaking the bank. The average for all participating places, both metropolitan and non-metropolitan, equals 100, and each participant’s index is read as a percentage of the average for all places.
One of the wealthiest counties in the U.S., Fairfax County’s median household income was $124,831– about 85% higher than the national median household income of $67,521 (Census.gov). The SBDC partners with local community organizations including Loudoun County and the Town of Leesburg, as well as, other corporate sponsors. The SBDC is funded in part through a cooperative agreement with the US Small Business Administration . At the Loudoun County Department of Economic Development, we’re here to help build your business. FAIRFAX COUNTY, VA—The Economic Policy Institute has released a new Family Budget Calculator which breaks down exactly how much it costs a family of four to live in communities across the country.