Cost of living in Lincolnia 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 Lincolnia 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 Lincolnia is 146, with 100 being the average.
The cost of living index in Lincolnia is 1.5x higher than the national average.
Lincolnia ranks as the #138 cheapest in Virginia out of 186.
Lincolnia ranks as the #5,742 cheapest out of 6,412 in the US.
The median home value in Lincolnia is $518,500.
The median income in Lincolnia is $107,508.
According to the most recent data on the cost of living, Lincolnia has an overall cost of living index of 146, which is 1.5x higher than the national index of 100.
Compared to Virginia, Lincolnia has a cost of living index that's 1.4x higher than Virginia's index of 102.
The standard of living in Lincolnia ranks as #138 most affordable out of the 186 places we measured in Virginia. By definition, that implies Lincolnia ranks as the #48 most expensive place in the Old Dominion.
For more reading on life in Lincolnia, check out:
Six factors go into calculating the cost of living index in Lincolnia. Here is how it fairs on each of the criteria:
The Services index in Lincolnia is 115.
The Groceries index in Lincolnia is 123.
The Health index in Lincolnia is 95.
The Housing index in Lincolnia is 225.
The Transportation index in Lincolnia is 105.
The Utilities index in Lincolnia is 98.
|Living Expense||Lincolnia||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 Lincolnia is $518,500.
The Median Rent in Lincolnia is $1,954.
The Median Income in Lincolnia is $107,508.
The Home Value To Income in Lincolnia is 4.8x.
The Rent To Monthly Income in Lincolnia is 0.22x.
|Median Home Value||$518,500||$295,500||$244,900|
|Home Value To Income||4.8x||3.7x||3.5x|
|Rent To Monthly Income||0.22x||0.2x||0.2x|
The cost of living varies in the cities and towns around Lincolnia. Here's a quick look at the cost of living in the most populous nearby places:
Annandale, VA has a cost of living index of 143, 1.0x Lincolnia.
Springfield, VA has a cost of living index of 141, 1.0x Lincolnia.
North Potomac, MD has a cost of living index of 167, 1.1x Lincolnia.
|City||Population||Cost Of Living||Vs. Lincolnia|
|North Potomac, MD||24,449||167||1.1x|
|Kemp Mill, MD||14,509||141||1.0x|
|Lake Barcroft, VA||10,682||164||1.1x|
|Chevy Chase, MD||9,889||204||1.4x|