Cost Of Living in Norton, 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	Norton	Virginia	National
Cost of living	78	109	100
Goods & Services	93	100	100
Groceries	95	101	100
Health care	88	99	100
Housing	44	130	100
Transportation	82	95	100
Utilities	99	104	100

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Cost Of Living Quick Facts

The cost of living in Norton is 28% lower than the Virginia average
The cost of living in Norton is 22% lower than the national average
Norton housing is 56% 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	$57,500	$4,792	$1,342	$1,725
Renters	$11,857	$988	$277	$356

The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Norton, 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 Norton homeowners, is $57,500. This would allow for a maximum of $1,342 per month to be spent on housing costs. For renters, the median monthly income is $11,857 which would result in a maximum of $277 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	Norton	National avg.	Difference
Haircut	$23.91	$24.26	1.4%
Beauty Salon	$45.13	$45.56	0.9%
Toothpaste	$3.58	$3.70	3.4%
Shampoo	$1.19	$1.28	7.3%
Movie	$14.09	$12.13	16.1%
Bowling	$19.33	$18.00	7.4%

Groceries

Item	Norton	National avg.	Difference
Ground Beef	$6.20	$5.84	6.1%
Fried Chicken	$1.66	$1.57	5.3%
Milk	$4.67	$4.67	0.0%
Potatoes	$5.02	$4.93	1.7%
Pizza	$11.91	$12.09	1.5%
Beer	$9.97	$10.41	4.2%

Health Care

Item	Norton	National avg.	Difference
Optometrist	$87.33	$125.68	30.5%
Doctor	$108.51	$135.78	20.1%
Dentist	$96.95	$113.29	14.4%
Ibuprofen	$10.49	$10.65	1.5%
Lipitor	$471.32	$468.60	0.6%

Housing

Item	Norton	National avg.	Difference
Home Price	$79,400.00	$184,700.00	57.0%
Avg. Mortgage Payment	$1,808.85	$2,346.69	22.9%
Apartment Rent	$451.00	$949.00	52.5%

Transportation

Item	Norton	National avg.	Difference
Gasoline	$3.08	$3.46	10.9%
Tire Balancing	$51.47	$59.92	14.1%

Utilities

Item	Norton	National avg.	Difference
All Electricity	$161.17	$193.99	16.9%
Phone	$192.18	$192.25	0.0%

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.
Payne Gap, KY	588	92	7.5%
Appalachia, VA	1,400	76	23.6%
Dungannon, VA	302	77	23.1%
Coeburn, VA	1,472	79	21.4%
Riverview, VA	734	82	18.0%
Norton, VA	3,969	78	22.0%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Le Claire, IA	3,969	105	5.2%
Coronita, CA	3,968	143	42.9%
Fulton, MS	3,968	83	16.9%
Elkin, NC	3,968	93	7.3%
Asphodel-Norwood, ON	3,968	n/a
Norton, VA	3,969	78	22.0%

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 Norton, VA