F
52%
Overall NAT. AVG.
8%
Goods & Services NAT. AVG.
156%
Housing NAT. AVG.
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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 Gainesville Virginia National
Cost of living152109100
Goods & Services108100100
Groceries114101100
Health care11299100
Housing256130100
Transportation10095100
Utilities101104100

An Overview of Cost of Living in Gainesville, VA

Are you thinking about relocating, but curious about the potential cost of living in Gainesville? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Gainesville stands at 152, making it 52% 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 Gainesville 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, Gainesville falls into this category, which may not align with your goal of finding a budget-friendly living environment.

Housing costs significantly influence the Gainesville 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 156.4%. This entails elements such as housing and rental prices, mortgage interest rates and insurance costs.

The relentless increase in grocery prices is a noteworthy trend. In the last two years, grocery costs have experienced an upward trajectory of over 10%. Unfortunately, Gainesville is no exception, where grocery prices are 13.9% above the national average.

Is Gainesville Affordable?

Is Gainesville an affordable place to live? That's a valid question to ask when you're thinking about moving to a new city. After all, how much it costs to live somewhere can be a huge factor in your decision. Affordability can be broken down into 3 common categories. The cost of living index (we talked about it earlier), housing expenses and income levels all play a big role in figuring out if a place is affordable. For instance, in Gainesville, the median home price is 177.6% higher than what most folks pay across the country, and monthly rent prices are 106.7% higher than the usual rates. Income levels in Gainesville come in at $143,490, which is 159.4% higher than the national average.

What Factors can Influence the Cost of Living in Gainesville?

Urbanization: Larger, urban hubs brimming with ample amenities and robust employment opportunities often showcase a heightened cost of living. This surge is primarily attributed to the amplified demand for services and increased residential migration, culminating in elevated home prices and elevated rental rates. Conversely, less densely populated rural locales or regions characterized by reduced demand tend to offer a more limited array of amenities and undergo slower job market growth, ultimately yielding a more affordable cost of living.

Utilities: Like everything else, utilities costs can range significantly depending on factors like climate, energy sources available, location and even state regulations. Things like electricity, water, heating and waste disposal costs can be higher or lower, depending on the city or state. The utilities index in Gainesville comes in at 1% higher than the national average.

Groceries: Grocery costs have continued to increase significantly over the last 2-3 years. In some markets the cost of food has gone up by more than 20% in that period. While other markets have managed to see only a moderate uptick. These food costs can have a major impact on the cost of living in any area. In Gainesville, the groceries index is 13.9% higher than the national average.

Where is the Data From?

The cost of living in Gainesville, presented above is derived from the C2ER cost of living index, offering a practical method for assessing living cost disparities in urban areas. Published quarterly, this index compiles data from more than 300 independent researchers, encompassing over 60 goods and services in 6 categories. The weightings assigned to cost variances are informed by government survey data tracking the expenditure patterns of professional and executive households. It should be noted that the C2ER index does not include data on sales or income tax rates, however, AreaVibes incorporates tax rates into the overall cost of living score for each area.

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Cost Of Living Quick Facts

  • The cost of living in Gainesville is 39% higher than the Virginia average
  • The cost of living in Gainesville is 52% higher than the national average
  • Gainesville housing is 156% 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 Gainesville

See all the best places to live around Gainesville

Compare Gainesville, VA Cost of Living

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      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$151,209$12,601$3,528$4,537
      Renters$92,857$7,738$2,167$2,786
      A good indicator of the general affordability of housing in Gainesville, 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 Gainesville, the median monthly income is $151,209 for those who own their own homes. Under the standard rule, that income level would allow for $3,528 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $92,857, per the median income in the area. That would allow for renters to spend up to $2,167 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 Gainesville 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 Gainesville 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 Gainesville 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 Gainesville National avg. Difference
      Home Price $512,800.00$184,700.00177.6%
      Avg. Mortgage Payment $1,870.08$2,346.6920.3%
      Apartment Rent $1,962.00$949.00106.7%

      Transportation

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

      Utilities

      Item Gainesville 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%
      Bealeton, VA3,96411818.1%
      Bull Run, VA16,76912020.2%
      Gainesville, VA16,39115251.8%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Storrs, CT16,39211615.6%
      East Riverdale, MD16,39512322.7%
      Fort Hunt, VA16,38318887.7%
      Pinehurst, NC16,38211818.1%
      Donna, TX16,3817624.4%
      Gainesville, VA16,39115251.8%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.