F
46%
Overall NAT. AVG.
8%
Goods & Services NAT. AVG.
136%
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 Buckhall Virginia National
Cost of living146109100
Goods & Services108100100
Groceries114101100
Health care11299100
Housing236130100
Transportation10095100
Utilities101104100

An Overview of Cost of Living in Buckhall, VA

Knowing the cost of living in Buckhall allows individuals to create a realistic budget. This helps them understand how their income will cover expenses and whether they need to make financial adjustments. The cost of living in any region can fluctuate due to various factors. To assess the cost of living consistently across different areas, a national average of 100 serves as the basis for the cost of living index. The cost of living in Buckhall stands at 146, marking it 46% higher than the national average.

If you value affordability in your search for a new place to live, Buckhall may not be the most suitable option, as it stands out as one of the priciest areas in the entire United States. Only a small fraction of regions have a cost of living that is more than 20% higher than the national average, and regrettably, Buckhall falls into this category, which may not align with your desire for an affordable place to call home.

Housing costs significantly influence the Buckhall cost of living index, typically accounting for a substantial portion of one's post-tax income. Regrettably, within this particular region, expenses related to both residential ownership and renting exceeded those observed in an average city by 136.4%. This entails elements such as housing and rental prices, mortgage interest rates and insurance costs.

Groceries are getting more expensive by the day and the cost of groceries makes up 13% of the overall cost of living index. In the past two years, prices have shot up by over 10%! Unfortunately, in Buckhall, it's the same story – grocery costs are 13.9% higher than what people pay across the country.

Is Buckhall Affordable?

Is Buckhall affordable? This is a pivotal question, especially when mulling over a move, as affordability carries substantial weight in your decision-making process. Factors such as the cost of living index (discussed earlier), housing expenses and income levels all contribute to a location's affordability. For instance, in Buckhall, the median home price is 144.9% higher than the national average and monthly rent prices are 116.8% higher than the typical rates. Additionally, the median income levels play a role in affordability, with Buckhall boasting a median household income of $135,889, 145.6% higher than the national average.

What Factors can Influence the Cost of Living in Buckhall?

Transportation: If public transportation is limited or not available, residents may need to own and maintain vehicles, which can add to the cost of living. Gas, insurance, regular maintenance and potentially lease or finance payments will all need to be paid on a monthly basis. In Buckhall, the transportation index is 0.5% lower than the national average.

Groceries: Grocery expenditures have undergone notable escalation over the last 2-3 years. In some markets, the cost of food products has surged by more than 20%, while others have experienced only modest increments. These fluctuations in food costs can have a significant impact on the overall cost of living in any region. In Buckhall, the groceries index registers 13.9% 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 Buckhall, the utilities index registers at 1% higher than the national average.

Where is the Data From?

The Buckhall 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 Buckhall Area
Search Homes for Sale in Buckhall, VA

Cost Of Living Quick Facts

  • The cost of living in Buckhall is 34% higher than the Virginia average
  • The cost of living in Buckhall is 46% higher than the national average
  • Buckhall housing is 136% 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 Buckhall

See all the best places to live around Buckhall

Compare Buckhall, VA Cost of Living

      vs
      How would you rate the cost of living in Buckhall?
      Write a review to give others more information about this area.
      Is the cost of living increasing or decreasing in Buckhall?
      Write a review to give others more information about this area.
      See all Buckhall 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$147,447$12,287$3,440$4,424
      Renters$54,495$4,541$1,271$1,635
      The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Buckhall, VA, as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Buckhall homeowners, is $147,447. This would allow for a maximum of $3,440 per month to be spent on housing costs. For renters, the median monthly income is $54,495 which would result in a maximum of $1,271 to be spent on rental costs.

      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 Buckhall National avg. Difference
      Haircut $18.62$24.2623.3%
      Beauty Salon $35.20$45.5622.7%
      Toothpaste $3.73$3.700.7%
      Shampoo $1.22$1.285.0%
      Movie $11.20$12.137.7%
      Bowling $19.22$18.006.8%

      Groceries

      Item Buckhall National avg. Difference
      Ground Beef $5.49$5.846.0%
      Fried Chicken $1.37$1.5713.0%
      Milk $4.73$4.671.3%
      Potatoes $4.76$4.933.5%
      Pizza $12.47$12.093.2%
      Beer $10.83$10.414.1%

      Health Care

      Item Buckhall National avg. Difference
      Optometrist $109.25$125.6813.1%
      Doctor $94.10$135.7830.7%
      Dentist $109.57$113.293.3%
      Ibuprofen $10.51$10.651.3%
      Lipitor $487.97$468.604.1%

      Housing

      Item Buckhall National avg. Difference
      Home Price $452,300.00$184,700.00144.9%
      Avg. Mortgage Payment $1,870.08$2,346.6920.3%
      Apartment Rent $2,057.00$949.00116.8%

      Transportation

      Item Buckhall National avg. Difference
      Gasoline $3.29$3.464.9%
      Tire Balancing $62.25$59.923.9%

      Utilities

      Item Buckhall National avg. Difference
      All Electricity $248.70$193.9928.2%
      Phone $185.37$192.253.6%
      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.
      Midland, VA941077.0%
      Calverton, VA721077.0%
      Catlett, VA541077.0%
      Wakefield town, VA810954.6%
      Quantico, VA45711010.4%
      Buckhall, VA18,11614645.9%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Upper Grand Lagoon, FL18,1141076.8%
      Hurricane, UT18,11211010.2%
      Manchester, MO18,1021033.0%
      Idylwood, VA18,09915958.9%
      North Aurora, IL18,08911212.4%
      Buckhall, VA18,11614645.9%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.