Lake Barcroft, VA Cost Of Living
Cost Of Living In Lake Barcroft, VA Summary
Cost of living in Lake Barcroft 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 Lake Barcroft 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 Lake Barcroft is 171, with 100 being the average.
The cost of living index in Lake Barcroft is 1.7x higher than the national average.
Lake Barcroft ranks as the #174 cheapest in Virginia out of 190.
Lake Barcroft ranks as the #6,086 cheapest out of 6,489 in the US.
The median home value in Lake Barcroft is $952,285.
The median income in Lake Barcroft is $143,796.
Table Of Contents
Lake Barcroft's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Lake Barcroft, VA?
According to the most recent data on the cost of living, Lake Barcroft has an overall cost of living index of 171, which is 1.7x higher than the national index of 100.
Compared to Virginia, Lake Barcroft has a cost of living index that's 1.6x higher than Virginia's index of 110.
The standard of living in Lake Barcroft ranks as #174 most affordable out of the 190 places we measured in Virginia. By definition, that implies Lake Barcroft ranks as the #16 most expensive place in the Old Dominion.
For more reading on life in Lake Barcroft, check out:
In Virginia
In America
Lake Barcroft Cost Of Living Vs. Virginia
Six factors go into calculating the cost of living index in Lake Barcroft. Here is how it fairs on each of the criteria:
The Services index in Lake Barcroft is 109.
The Groceries index in Lake Barcroft is 116.
The Health index in Lake Barcroft is 110.
The Housing index in Lake Barcroft is 313.
The Transportation index in Lake Barcroft is 102.
The Utilities index in Lake Barcroft is 102.
| Living Expense | Lake Barcroft | Virginia | National Average | |
|---|---|---|---|---|
| Overall | 171 | 110 | 100 | |
| Services | 109 | 101 | 100 | |
| Groceries | 116 | 99 | 100 | |
| Health | 110 | 98 | 100 | |
| Housing | 313 | 130 | 100 | |
| Transportation | 102 | 94 | 100 | |
| Utilities | 102 | 104 | 100 | |
Lake Barcroft, VA Housing Cost Breakdown
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 2019-2023. The key points are:
The Median Home Value in Lake Barcroft is $952,285.
The Median Rent in Lake Barcroft is $1,914.
The Median Income in Lake Barcroft is $143,796.
The Home Value To Income in Lake Barcroft is 6.6x.
The Rent To Monthly Income in Lake Barcroft is 0.16x.
| Statistic | Lake Barcroft | Virginia | United States |
|---|---|---|---|
| Median Home Value | $952,285 | $404,962 | $303,400 |
| Median Rent | $1,914 | $1,514 | $1,348 |
| Median Income | $143,796 | $90,974 | $78,538 |
| Home Value To Income | 6.6x | 4.5x | 3.9x |
| Rent To Monthly Income | 0.16x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Lake Barcroft, VA Costs By Category
Detailed Lake Barcroft Services Costs Vs. Virginia
| Item | Lake Barcroft | Virginia |
|---|---|---|
| Shampoo | $1.22 | $1.28 |
| Movie | $11.2 | $12.13 |
| Bowling | $19.22 | $18 |
| Haircut | $18.62 | $24.26 |
| Beauty Salon | $35.2 | $45.56 |
Detailed Lake Barcroft Groceries Costs Vs. Virginia
| Item | Lake Barcroft | Virginia |
|---|---|---|
| Ground Beef | $5.49 | $5.84 |
| Fried Chicken | $1.37 | $1.57 |
| Milk | $4.73 | $4.67 |
| Potatoes | $4.76 | $4.93 |
| Pizza | $12.47 | $12.09 |
| Beer | $10.83 | $10.41 |
| Toothpaste | $3.73 | $3.7 |
Detailed Lake Barcroft Health Costs Vs. Virginia
| Item | Lake Barcroft | Virginia |
|---|---|---|
| Optometrist | $109.25 | $125.68 |
| Doctor | $94.1 | $135.78 |
| Dentist | $109.57 | $113.29 |
Detailed Lake Barcroft Transportation Costs Vs. Virginia
| Item | Lake Barcroft | Virginia |
|---|---|---|
| Gasoline | $3.29 | $3.46 |
| Tire Balancing | $62.25 | $59.92 |
Detailed Lake Barcroft Utilities Costs Vs. Virginia
| Item | Lake Barcroft | Virginia |
|---|---|---|
| All Electricity | $248.7 | $193.99 |
| Phone | $185.37 | $192.25 |
Lake Barcroft SnackAbility
/10
Cost Of Living In Cities Around Lake Barcroft
The cost of living varies in the cities and towns around Lake Barcroft. Here's a quick look at the cost of living in the most populous nearby places:
Arlington, VA has a cost of living index of 178, 1.0x Lake Barcroft.
Annandale, VA has a cost of living index of 147, 0.9x Lake Barcroft.
West Falls Church, VA has a cost of living index of 153, 0.9x Lake Barcroft.
| City | Population | Cost Of Living | Vs. Lake Barcroft |
|---|---|---|---|
| Arlington, VA | 235,463 | 178 | 1.0x |
| Annandale, VA | 41,982 | 147 | 0.9x |
| West Falls Church, VA | 30,660 | 153 | 0.9x |
| North Potomac, MD | 23,994 | 172 | 1.0x |
| Lincolnia, VA | 19,913 | 148 | 0.9x |
| Idylwood, VA | 17,469 | 158 | 0.9x |
| Falls Church, VA | 14,593 | 187 | 1.1x |
| Kemp Mill, MD | 14,437 | 145 | 0.8x |
| Colesville, MD | 14,075 | 140 | 0.8x |
| Travilah, MD | 11,128 | 224 | 1.3x |
