F
20%
Overall NAT. AVG.
10%
Goods & Services NAT. AVG.
47%
Housing NAT. AVG.
Search Homes for Sale
Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
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 Woodlawn Virginia National
Cost of living120109100
Goods & Services110100100
Groceries113101100
Health care10999100
Housing147130100
Transportation11195100
Utilities101104100

An Overview of Cost of Living in Woodlawn, VA

Are you thinking about relocating, but curious about the potential cost of living in Woodlawn? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Woodlawn stands at 120, making it 20% higher than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.

If affordability is among your top priorities when searching for a new place to live, this area may not be the ideal fit, as the cost of living in Woodlawn is among the most expensive in the United States. Just a minority of areas exhibit a cost of living at least 20% higher than the national average, and unfortunately, Woodlawn falls into this category, which may not align with your goal of finding a budget-friendly living environment.

When it comes to the cost of living in Woodlawn, housing costs are a real heavyweight, often hogging a significant chunk of your earnings. Sadly, in this area, housing expenses for both buying and renting were 46.5% more expensive compared to your average city. That means you'll be shelling out more for homes, rents, mortgage rates and insurance.

Goods and services make up 33% of the total cost of living index score and are a large part of your everyday expenses. These items could include things like haircuts, salons, toothpaste, shampoo, clothes, movies, bowling, gym memberships or yoga. In Woodlawn, you can expect to pay 10.2% more than average for these items, making it a more expensive place to live.

The surge in grocery costs is indeed alarming, especially when groceries make up a large portion of your monthly expenditures. Over the past two years, there has been an inflation of over 10% in grocery prices. Unfortunately, Woodlawn does not fare better, with grocery expenses coming in at 12.6% higher than the national average.

Is Woodlawn Affordable?

Is Woodlawn affordable? It's a key consideration when pondering a move, as affordability often shapes your choices. The cost of living index (we discussed it earlier), coupled with housing costs and income levels, serves as the cornerstone for determining a location's affordability. Take Woodlawn, for instance, where the median home price falls 38.1% higher than the national average, and monthly rent rates are 66.2% higher than usual. Additionally, median income levels contribute to the equation, with Woodlawn flaunting a median household income of $73,507, 32.9% higher than the national norm.

What Factors can Influence the Cost of Living in Woodlawn?

Healthcare: The costs associated with healthcare and insurance premiums can exhibit notable disparities based on the city or state of residence. Access to healthcare facilities, out-of-pocket expenses for medical appointments, dental care charges, prescription medication costs and specialized medical care expenses all contribute to variations in the cost of living. In Woodlawn, healthcare costs are 9.3% higher than the national average.

Utilities: Similar to the prices of any goods or services, utility expenses can fluctuate widely, contingent on variables such as climate, available energy sources, geographical location and state regulations. Costs associated with electricity, water, heating, and waste disposal can differ in magnitude, depending on the specific city or state. In Woodlawn, the utilities index registers at 0.8% higher than the national average.

Taxes: Cities that impose higher taxes, including sales and income taxes, can contribute to an escalated cost of living. The added expense of taxes on everyday goods like clothing and food naturally results in higher overall costs. Similarly, a higher income tax rate can further elevate the cost of living. In Woodlawn, the general sales tax rate starts at 5.3%, and income tax rates begin at 2%.

Where is the Data From?

The Woodlawn cost of living data displayed above is derived from the C2ER cost of living index to provide a useful and reasonably accurate measure of living cost differences in urban areas. The index takes into account data from 300 independent researches, covering more than 60 goods and services across 6 different categories, to create an overall index for each area, with 100 being the average. The C2ER index does not include sales or income tax rates in their data, however AreaVibes does include both income and sales tax rates in the overall cost of living score for each area.

New Real Estate Listings in Woodlawn Area
Search Homes for Sale in Woodlawn, VA

Cost Of Living Quick Facts

  • The cost of living in Woodlawn is 11% higher than the Virginia average
  • The cost of living in Woodlawn is 20% higher than the national average
  • Woodlawn housing is 47% 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

Most Affordable Places to Live in and Around Woodlawn

See all the best places to live around Woodlawn

Compare Woodlawn, VA Cost of Living

      vs
      How would you rate the cost of living in Woodlawn?
      Write a review to give others more information about this area.
      Is the cost of living increasing or decreasing in Woodlawn?
      Write a review to give others more information about this area.
      See all Woodlawn poll results

      Salary Calculator

      This is how much you would need to earn in
      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$86,398$7,200$2,016$2,592
      Renters$47,903$3,992$1,118$1,437

      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 Woodlawn National avg. Difference
      Haircut $25.51$24.265.1%
      Beauty Salon $47.63$45.564.5%
      Toothpaste $3.62$3.702.1%
      Shampoo $1.34$1.284.4%
      Movie $13.08$12.137.8%
      Bowling $24.34$18.0035.2%

      Groceries

      Item Woodlawn National avg. Difference
      Ground Beef $6.08$5.844.1%
      Fried Chicken $1.41$1.5710.6%
      Milk $4.68$4.670.2%
      Potatoes $5.30$4.937.3%
      Pizza $12.49$12.093.4%
      Beer $10.83$10.414.0%

      Health Care

      Item Woodlawn National avg. Difference
      Optometrist $120.12$125.684.4%
      Doctor $135.82$135.780.0%
      Dentist $98.77$113.2912.8%
      Ibuprofen $10.80$10.651.4%
      Lipitor $485.49$468.603.6%

      Housing

      Item Woodlawn National avg. Difference
      Home Price $255,100.00$184,700.0038.1%
      Avg. Mortgage Payment $1,923.85$2,346.6918.0%
      Apartment Rent $1,577.00$949.0066.2%

      Transportation

      Item Woodlawn National avg. Difference
      Gasoline $3.34$3.463.6%
      Tire Balancing $64.70$59.928.0%

      Utilities

      Item Woodlawn National avg. Difference
      All Electricity $213.29$193.999.9%
      Phone $184.83$192.253.9%
      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), VA708927.8%
      Potomac Heights, MD1,247936.5%
      Woodlawn CDP (Carroll County), VA2,247945.9%
      Wakefield town, VA810954.6%
      Belle Haven town, VA5621022.0%
      Woodlawn, VA22,62012020.5%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Allison Park, PA22,6231098.6%
      Junction City, KS22,616927.9%
      East Peoria, IL22,6158910.7%
      Pottstown, PA22,633973.1%
      Munster, IN22,6041099.0%
      Woodlawn, VA22,62012020.5%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.