Cost of living in Broadlands research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Broadlands is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Virginia, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Broadlands is 163, with 100 being the average.
The cost of living index in Broadlands is 1.6x higher than the national average.
Broadlands ranks as the #165 cheapest in Virginia out of 186.
Broadlands ranks as the #6,036 cheapest out of 6,412 in the US.
The median home value in Broadlands is $664,600.
The median income in Broadlands is $203,455.
According to the most recent data on the cost of living, Broadlands has an overall cost of living index of 163, which is 1.6x higher than the national index of 100.
Compared to Virginia, Broadlands has a cost of living index that's 1.6x higher than Virginia's index of 102.
The standard of living in Broadlands ranks as #165 most affordable out of the 186 places we measured in Virginia. By definition, that implies Broadlands ranks as the #21 most expensive place in the Old Dominion.
For more reading on life in Broadlands, check out:
Six factors go into calculating the cost of living index in Broadlands. Here is how it fairs on each of the criteria:
The Services index in Broadlands is 113.
The Groceries index in Broadlands is 115.
The Health index in Broadlands is 88.
The Housing index in Broadlands is 281.
The Transportation index in Broadlands is 116.
The Utilities index in Broadlands is 110.
|Living Expense||Broadlands||Virginia||National Average|
Housing swings affordability the most between places in Virginia, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Broadlands is $664,600.
The Median Rent in Broadlands is $2,319.
The Median Income in Broadlands is $203,455.
The Home Value To Income in Broadlands is 3.3x.
The Rent To Monthly Income in Broadlands is 0.14x.
|Median Home Value||$664,600||$295,500||$244,900|
|Home Value To Income||3.3x||3.7x||3.5x|
|Rent To Monthly Income||0.14x||0.2x||0.2x|
The cost of living varies in the cities and towns around Broadlands. Here's a quick look at the cost of living in the most populous nearby places:
Rockville, MD has a cost of living index of 154, 0.9x Broadlands.
Potomac, MD has a cost of living index of 198, 1.2x Broadlands.
Ashburn, VA has a cost of living index of 149, 0.9x Broadlands.
|City||Population||Cost Of Living||Vs. Broadlands|
|North Potomac, MD||24,449||167||1.0x|
|Franklin Farm, VA||18,906||167||1.0x|
|Lowes Island, VA||11,272||163||1.0x|