Cost of living in Fort Lee 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 Fort Lee 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 Fort Lee is 108, with 100 being the average.
The cost of living index in Fort Lee is 1.1x higher than the national average.
Fort Lee ranks as the #71 cheapest in Virginia out of 186.
Fort Lee ranks as the #3,954 cheapest out of 6,412 in the US.
The median home value in Fort Lee is -.
The median income in Fort Lee is $78,125.
According to the most recent data on the cost of living, Fort Lee has an overall cost of living index of 108, which is 1.1x higher than the national index of 100.
Compared to Virginia, Fort Lee has a cost of living index that's 1.1x higher than Virginia's index of 102.
The standard of living in Fort Lee ranks as #71 most affordable out of the 186 places we measured in Virginia. By definition, that implies Fort Lee ranks as the #115 most expensive place in the Old Dominion.
For more reading on life in Fort Lee, check out:
Six factors go into calculating the cost of living index in Fort Lee. Here is how it fairs on each of the criteria:
The Services index in Fort Lee is 104.
The Groceries index in Fort Lee is 93.
The Health index in Fort Lee is 106.
The Housing index in Fort Lee is 124.
The Transportation index in Fort Lee is 93.
The Utilities index in Fort Lee is 103.
|Living Expense||Fort Lee||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 Fort Lee is -.
The Median Rent in Fort Lee is $1,727.
The Median Income in Fort Lee is $78,125.
The Home Value To Income in Fort Lee is nanx.
The Rent To Monthly Income in Fort Lee is 0.27x.
|Statistic||Fort Lee||Virginia||United States|
|Median Home Value||-||$295,500||$244,900|
|Home Value To Income||nanx||3.7x||3.5x|
|Rent To Monthly Income||0.27x||0.2x||0.2x|
The cost of living varies in the cities and towns around Fort Lee. Here's a quick look at the cost of living in the most populous nearby places:
Petersburg, VA has a cost of living index of 92, 0.9x Fort Lee.
Hopewell, VA has a cost of living index of 93, 0.9x Fort Lee.
Chester, VA has a cost of living index of 101, 0.9x Fort Lee.
|City||Population||Cost Of Living||Vs. Fort Lee|
|Colonial Heights, VA||18,127||97||0.9x|