Where Is the Most Expensive City in Virginia?

Making a Purchase Using CardCharlottesville ranks as the most expensive state in Virginia as the city’s cost of living is 2.3% more expensive than the state average.

If you’re looking to eat out in an Italian or Mexican restaurant in Virginia, you could probably do it more than a few times every month. The average monthly spending on food costs almost $300 per month, which is 9.5% cheaper than the nationwide average, according to a 2014 study.

Spending Power

Even if you earn an above-average income, it won’t be a positive thing if the prices in your city are too expensive. A household that earns more than $100,000 on average per year in San Jose, California, might have weaker spending power.

This stems from the high price of goods and services in the city, which is 27.1% higher than the state average. In Charlottesville, Virginia, the median household income per year costs slightly more than $62,000. However, the cost of living in the city is only 2.1% more expensive the state average.

Basic Necessities

Aside from food, a place to stay comes to mind when planning to relocate to Virginia. Some of the cheapest areas to buy a house include Smyth County, where average prices cost around $70,025. Transportation expenses such as gas are cheaper than the US average of $2.003 per gallon.

Fortunately, the median household income of almost $64,000 in the state is higher than the national median income of around $53,000. The state is also a good place for retirees since its tax policies are lenient for senior citizens. For instance, the income tax law exempts Social Security benefits.

Charlottesville may not be the best option for those who want to live in Virginia without spending a lot, so think about going to other cities if you’re planning a short vacation or a long-term stay.