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 164, with 100 being the average.
The cost of living index in Lake Barcroft is 1.6x higher than the national average.
Lake Barcroft ranks as the #168 cheapest in Virginia out of 186.
Lake Barcroft ranks as the #6,052 cheapest out of 6,412 in the US.
The median home value in Lake Barcroft is $703,300.
The median income in Lake Barcroft is $126,908.
According to the most recent data on the cost of living, Lake Barcroft has an overall cost of living index of 164, which is 1.6x 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 102.
The standard of living in Lake Barcroft ranks as #168 most affordable out of the 186 places we measured in Virginia. By definition, that implies Lake Barcroft ranks as the #18 most expensive place in the Old Dominion.
For more reading on life in Lake Barcroft, check out:
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 113.
The Groceries index in Lake Barcroft is 122.
The Health index in Lake Barcroft is 94.
The Housing index in Lake Barcroft is 288.
The Transportation index in Lake Barcroft is 105.
The Utilities index in Lake Barcroft is 95.
|Living Expense||Lake Barcroft||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 Lake Barcroft is $703,300.
The Median Rent in Lake Barcroft is $1,842.
The Median Income in Lake Barcroft is $126,908.
The Home Value To Income in Lake Barcroft is 5.5x.
The Rent To Monthly Income in Lake Barcroft is 0.17x.
|Statistic||Lake Barcroft||Virginia||United States|
|Median Home Value||$703,300||$295,500||$244,900|
|Home Value To Income||5.5x||3.7x||3.5x|
|Rent To Monthly Income||0.17x||0.2x||0.2x|
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 167, 1.0x Lake Barcroft.
Annandale, VA has a cost of living index of 143, 0.9x Lake Barcroft.
West Falls Church, VA has a cost of living index of 146, 0.9x Lake Barcroft.
|City||Population||Cost Of Living||Vs. Lake Barcroft|
|West Falls Church, VA||31,023||146||0.9x|
|North Potomac, MD||24,449||167||1.0x|
|Kemp Mill, MD||14,509||141||0.9x|
|Falls Church, VA||14,494||176||1.1x|