Cost Of Living in New Kent, VA

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	New Kent	Virginia	National
Cost of living	126	109	100
Goods & Services	100	100	100
Groceries	101	101	100
Health care	96	99	100
Housing	184	130	100
Transportation	100	95	100
Utilities	105	104	100

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Cost Of Living Quick Facts

The cost of living in New Kent is 15% higher than the Virginia average
The cost of living in New Kent is 26% higher than the national average
New Kent housing is 84% higher than the national average
Virginia general sales tax is 4% higher than the national average
Virginia state income tax is 23% lower than the national average

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$141,419	$11,785	$3,300	$4,243
Renters	$0	$0	$0	$0

Virginia Sales Tax

State	General Sales Tax	With Max Surtax
Virginia	5.3%	6%

Virginia Income Tax

State	Income Tax (Low)	Income Tax (High)
Virginia	2%	5.75%

Goods & Services

Item	New Kent	National avg.	Difference
Haircut	$20.00	$24.26	17.6%
Beauty Salon	$54.17	$45.56	18.9%
Toothpaste	$3.72	$3.70	0.5%
Shampoo	$1.26	$1.28	1.3%
Movie	$13.31	$12.13	9.7%
Bowling	$24.17	$18.00	34.3%

Groceries

Item	New Kent	National avg.	Difference
Ground Beef	$5.54	$5.84	5.2%
Fried Chicken	$1.44	$1.57	8.5%
Milk	$4.63	$4.67	1.0%
Potatoes	$5.27	$4.93	6.8%
Pizza	$12.72	$12.09	5.3%
Beer	$10.64	$10.41	2.2%

Health Care

Item	New Kent	National avg.	Difference
Optometrist	$95.44	$125.68	24.1%
Doctor	$122.83	$135.78	9.5%
Dentist	$109.67	$113.29	3.2%
Ibuprofen	$10.76	$10.65	1.0%
Lipitor	$489.65	$468.60	4.5%

Housing

Item	New Kent	National avg.	Difference
Home Price	$340,700.00	$184,700.00	84.5%
Avg. Mortgage Payment	$2,083.79	$2,346.69	11.2%
Apartment Rent	$0.00	$949.00	100.0%

Transportation

Item	New Kent	National avg.	Difference
Gasoline	$3.27	$3.46	5.5%
Tire Balancing	$60.00	$59.92	0.1%

Utilities

Item	New Kent	National avg.	Difference
All Electricity	$227.22	$193.99	17.1%
Phone	$185.33	$192.25	3.6%

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	Population	Cost of Living Index	National Avg.
King and Queen Court House, VA	90	101	0.6%
King William, VA	314	94	5.6%
Charles City, VA	26	98	2.5%
West Point, VA	3,297	109	8.8%
New Kent, VA	799	126	25.8%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Keystone, CO	799	147	46.7%
Upper Bear Creek, CO	799	235	135.1%
Crossville, IL	799	79	20.8%
Truesdale, MO	799	89	10.6%
Lost City, OK	799	89	11.1%
New Kent, VA	799	126	25.8%

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

Cost of Living in New Kent, VA