What is the cost of living in Lake Ridge, VA?
According to the most recent data on the cost of living, Lake Ridge has an overall cost of living index of 133, which is 1.3x higher than the national index of 100.
Compared to Virginia, Lake Ridge has a cost of living index that's 1.2x higher than Virginia's index of 112.
The standard of living in Lake Ridge ranks as #102 most affordable out of the 188 places we measured in Virginia. By definition, that implies Lake Ridge ranks as the #86 most expensive place in the Old Dominion.
For more reading on life in Lake Ridge, check out:
Lake Ridge Cost Of Living Vs. Virginia
Six factors go into calculating the cost of living index in Lake Ridge. Here is how it fares on each of the criteria:
The Services index in Lake Ridge is 103.
The Groceries index in Lake Ridge is 104.
The Health index in Lake Ridge is 193.
The Housing index in Lake Ridge is 108.
The Transportation index in Lake Ridge is 102.
The Utilities index in Lake Ridge is 103.
| Living Expense | Lake Ridge | Virginia | National Average |
|---|---|---|---|
| Overall | 133 | 112 | 100 |
| Services | 103 | 103 | 100 |
| Groceries | 104 | 104 | 100 |
| Health | 193 | 131 | 100 |
| Housing | 108 | 105 | 100 |
| Transportation | 102 | 105 | 100 |
| Utilities | 103 | 104 | 100 |
Lake Ridge Cost Of Living Compared To Virginia Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Virginia, check out:
Protect your home budget Compare home warranties in Lake Ridge Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Lake Ridge, 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 2020-2024. The key points are:
The Median Home Value in Lake Ridge is $506,527.
The Median Rent in Lake Ridge is $2,033.
The Median Income in Lake Ridge is $127,154.
The Home Value To Income in Lake Ridge is 4.0x.
The Rent To Monthly Income in Lake Ridge is 0.19x.
| Statistic | Lake Ridge | Virginia | United States |
|---|---|---|---|
| Median Home Value | $506,527 | $412,467 | $332,700 |
| Median Rent | $2,033 | $1,579 | $1,413 |
| Median Income | $127,154 | $93,170 | $80,734 |
| Home Value To Income | 4.0x | 4.4x | 4.1x |
| Rent To Monthly Income | 0.19x | 0.2x | 0.21x |
Lake Ridge, VA Costs By Category
Detailed Lake Ridge Services costs vs. Virginia
| Item | Lake Ridge | Virginia |
|---|---|---|
| Shampoo | $1.34 | $1.28 |
| Movie | $13.08 | $12.13 |
| Bowling | $24.34 | $18 |
| Haircut | $25.51 | $24.26 |
| Beauty Salon | $47.63 | $45.56 |
Detailed Lake Ridge Groceries costs vs. Virginia
| Item | Lake Ridge | Virginia |
|---|---|---|
| Ground Beef | $6.08 | $5.84 |
| Fried Chicken | $1.41 | $1.57 |
| Milk | $4.68 | $4.67 |
| Potatoes | $5.3 | $4.93 |
| Pizza | $12.49 | $12.09 |
| Beer | $10.83 | $10.41 |
| Toothpaste | $3.62 | $3.7 |
Detailed Lake Ridge Health costs vs. Virginia
| Item | Lake Ridge | Virginia |
|---|---|---|
| Optometrist | $120.12 | $125.68 |
| Doctor | $135.82 | $135.78 |
| Dentist | $98.77 | $113.29 |
Detailed Lake Ridge Transportation costs vs. Virginia
| Item | Lake Ridge | Virginia |
|---|---|---|
| Gasoline | $3.34 | $3.46 |
| Tire Balancing | $64.7 | $59.92 |
Detailed Lake Ridge Utilities costs vs. Virginia
| Item | Lake Ridge | Virginia |
|---|---|---|
| All Electricity | $213.29 | $193.99 |
| Phone | $184.83 | $192.25 |
Lake Ridge SnackAbility
Cost Of Living In Cities Around Lake Ridge
The cost of living varies in the cities and towns around Lake Ridge. Here's a quick look at the cost of living in the most populous nearby places:
Burke, VA has a cost of living index of 159, 1.2x Lake Ridge.
Woodbridge, VA has a cost of living index of 122, 0.9x Lake Ridge.
South Riding, VA has a cost of living index of 159, 1.2x Lake Ridge.
| City | Population | Cost Of Living | Vs. Lake Ridge |
|---|---|---|---|
| Burke, VA | 44,029 | 159 | 1.2x |
| Woodbridge, VA | 43,945 | 122 | 0.9x |
| South Riding, VA | 34,352 | 159 | 1.2x |
| Lorton, VA | 20,991 | 146 | 1.1x |
| Franklin Farm, VA | 18,736 | 171 | 1.3x |
| Fort Hunt, VA | 16,700 | 189 | 1.4x |
| Kings Park West, VA | 13,442 | 160 | 1.2x |
| Dunn Loring, VA | 8,957 | 194 | 1.5x |
| Floris, VA | 7,589 | 179 | 1.3x |
| Laurel Hill, VA | 7,450 | 153 | 1.2x |
