Cost Of Living in Seven Corners, 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	Seven Corners	Virginia	National
Cost of living	138	109	100
Goods & Services	108	100	100
Groceries	114	101	100
Health care	112	99	100
Housing	209	130	100
Transportation	100	95	100
Utilities	101	104	100

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Cost Of Living Quick Facts

The cost of living in Seven Corners is 26% higher than the Virginia average
The cost of living in Seven Corners is 38% higher than the national average
Seven Corners housing is 109% 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	$125,860	$10,488	$2,937	$3,776
Renters	$37,656	$3,138	$879	$1,130

A good indicator of the general affordability of housing in Seven Corners, VA, is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Seven Corners, the median monthly income is $125,860 for those who own their own homes. Under the standard rule, that income level would allow for $2,937 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $37,656, per the median income in the area. That would allow for renters to spend up to $879 on monthly rental expenses.

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	Seven Corners	National avg.	Difference
Haircut	$18.62	$24.26	23.3%
Beauty Salon	$35.20	$45.56	22.7%
Toothpaste	$3.73	$3.70	0.7%
Shampoo	$1.22	$1.28	5.0%
Movie	$11.20	$12.13	7.7%
Bowling	$19.22	$18.00	6.8%

Groceries

Item	Seven Corners	National avg.	Difference
Ground Beef	$5.49	$5.84	6.0%
Fried Chicken	$1.37	$1.57	13.0%
Milk	$4.73	$4.67	1.3%
Potatoes	$4.76	$4.93	3.5%
Pizza	$12.47	$12.09	3.2%
Beer	$10.83	$10.41	4.1%

Health Care

Item	Seven Corners	National avg.	Difference
Optometrist	$109.25	$125.68	13.1%
Doctor	$94.10	$135.78	30.7%
Dentist	$109.57	$113.29	3.3%
Ibuprofen	$10.51	$10.65	1.3%
Lipitor	$487.97	$468.60	4.1%

Housing

Item	Seven Corners	National avg.	Difference
Home Price	$425,800.00	$184,700.00	130.5%
Avg. Mortgage Payment	$1,870.08	$2,346.69	20.3%
Apartment Rent	$1,499.00	$949.00	58.0%

Transportation

Item	Seven Corners	National avg.	Difference
Gasoline	$3.29	$3.46	4.9%
Tire Balancing	$62.25	$59.92	3.9%

Utilities

Item	Seven Corners	National avg.	Difference
All Electricity	$248.70	$193.99	28.2%
Phone	$185.37	$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.
Rose Hill CDP (Lee County), VA	708	92	7.8%
Woodlawn CDP (Carroll County), VA	2,247	94	5.9%
Wakefield town, VA	810	95	4.6%
Belle Haven town, VA	562	102	2.0%
Cottage City, MD	1,150	108	8.4%
Seven Corners, VA	9,041	138	37.6%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Chanute, KS	9,044	77	22.8%
Florence, OR	9,037	111	10.7%
Lihue, HI	9,036	177	77.2%
St. Anthony, MN	9,035	111	10.7%
Monett, MO	9,035	84	15.9%
Seven Corners, VA	9,041	138	37.6%

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 Seven Corners, VA