Cost Of Living in Marion, 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	Marion	Virginia	National
Cost of living	86	109	100
Goods & Services	100	100	100
Groceries	98	101	100
Health care	92	99	100
Housing	61	130	100
Transportation	89	95	100
Utilities	94	104	100

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Cost Of Living Quick Facts

The cost of living in Marion is 21% lower than the Virginia average
The cost of living in Marion is 14% lower than the national average
Marion housing is 39% lower 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	$45,472	$3,789	$1,061	$1,364
Renters	$22,152	$1,846	$517	$665

The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Marion, 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 Marion homeowners, is $45,472. This would allow for a maximum of $1,061 per month to be spent on housing costs. For renters, the median monthly income is $22,152 which would result in a maximum of $517 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	Marion	National avg.	Difference
Haircut	$27.83	$24.26	14.7%
Beauty Salon	$59.17	$45.56	29.9%
Toothpaste	$4.10	$3.70	10.8%
Shampoo	$1.72	$1.28	34.3%
Movie	$15.61	$12.13	28.7%
Bowling	$27.24	$18.00	51.4%

Groceries

Item	Marion	National avg.	Difference
Ground Beef	$5.67	$5.84	2.8%
Fried Chicken	$1.41	$1.57	10.4%
Milk	$4.83	$4.67	3.4%
Potatoes	$5.33	$4.93	8.0%
Pizza	$12.62	$12.09	4.4%
Beer	$11.14	$10.41	7.0%

Health Care

Item	Marion	National avg.	Difference
Optometrist	$130.89	$125.68	4.1%
Doctor	$159.79	$135.78	17.7%
Dentist	$125.44	$113.29	10.7%
Ibuprofen	$11.37	$10.65	6.7%
Lipitor	$460.80	$468.60	1.7%

Housing

Item	Marion	National avg.	Difference
Home Price	$111,700.00	$184,700.00	39.5%
Avg. Mortgage Payment	$4,632.77	$2,346.69	97.4%
Apartment Rent	$604.00	$949.00	36.4%

Transportation

Item	Marion	National avg.	Difference
Gasoline	$3.51	$3.46	1.3%
Tire Balancing	$80.00	$59.92	33.5%

Utilities

Item	Marion	National avg.	Difference
All Electricity	$200.62	$193.99	3.4%
Phone	$184.83	$192.25	3.9%

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.
Troutdale, VA	169	79	21.4%
Saltville, VA	2,307	82	17.8%
Sugar Grove, VA	827	85	15.1%
Seven Mile Ford, VA	713	85	14.9%
Adwolf, VA	1,771	87	12.6%
Marion, VA	5,646	86	14.1%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Eaton, CO	5,646	116	15.7%
Carlinville, IL	5,645	85	14.7%
Solvang, CA	5,644	175	75.4%
Malone, NY	5,644	93	6.6%
Oliver, BC	5,648	n/a
Marion, VA	5,646	86	14.1%

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 Marion, VA