Cost Of Living in Carrollton, 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	Carrollton	Virginia	National
Cost of living	121	109	100
Goods & Services	100	100	100
Groceries	101	101	100
Health care	96	99	100
Housing	169	130	100
Transportation	100	95	100
Utilities	105	104	100

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Cost Of Living Quick Facts

The cost of living in Carrollton is 11% higher than the Virginia average
The cost of living in Carrollton is 21% higher than the national average
Carrollton housing is 69% 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	$124,331	$10,361	$2,901	$3,730
Renters	$55,714	$4,643	$1,300	$1,672

The affordability of the housing market in Carrollton, VA as well as the overall cost of living can be predicted by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Carrollton homeowners, the median income is $124,331. This indicates that a monthly maximum of $2,901 should be spent by homeowners on all housing related costs. Renters have a median income of $55,714. This indicates that renters would have a maximum of $1,300 for their rent related monthly 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	Carrollton	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	Carrollton	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	Carrollton	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	Carrollton	National avg.	Difference
Home Price	$322,100.00	$184,700.00	74.4%
Avg. Mortgage Payment	$2,083.79	$2,346.69	11.2%
Apartment Rent	$1,483.00	$949.00	56.3%

Transportation

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

Utilities

Item	Carrollton	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.
Benns Church, VA	642	101	0.6%
Windsor, VA	2,748	100	0.2%
Portsmouth, VA	94,961	101	0.5%
Surry, VA	326	102	2.5%
Hampton, VA	135,169	102	2.5%
Carrollton, VA	6,340	121	21.1%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Wilmore, KY	6,339	96	3.9%
Swarthmore, PA	6,339	133	33.4%
Skowhegan, ME	6,341	95	5.2%
Braidwood, IL	6,338	101	0.9%
Peachland, BC	6,336	n/a
Carrollton, VA	6,340	121	21.1%

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 Carrollton, VA