Cost of living in McNair 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 McNair 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 McNair is 143, with 100 being the average.
The cost of living index in McNair is 1.4x higher than the national average.
McNair ranks as the #118 cheapest in Virginia out of 190.
McNair ranks as the #5,499 cheapest out of 6,489 in the US.
The median home value in McNair is $636,465.
The median income in McNair is $123,327.
According to the most recent data on the cost of living, McNair has an overall cost of living index of 143, which is 1.4x higher than the national index of 100.
Compared to Virginia, McNair has a cost of living index that's 1.3x higher than Virginia's index of 110.
The standard of living in McNair ranks as #118 most affordable out of the 190 places we measured in Virginia. By definition, that implies McNair ranks as the #72 most expensive place in the Old Dominion.
For more reading on life in McNair, check out:
Six factors go into calculating the cost of living index in McNair. Here is how it fairs on each of the criteria:
The Services index in McNair is 108.
The Groceries index in McNair is 109.
The Health index in McNair is 98.
The Housing index in McNair is 225.
The Transportation index in McNair is 97.
The Utilities index in McNair is 110.
| Living Expense | McNair | Virginia | National Average | |
|---|---|---|---|---|
| Overall | 143 | 110 | 100 | |
| Services | 108 | 101 | 100 | |
| Groceries | 109 | 99 | 100 | |
| Health | 98 | 98 | 100 | |
| Housing | 225 | 130 | 100 | |
| Transportation | 97 | 94 | 100 | |
| Utilities | 110 | 104 | 100 | |
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 McNair is $636,465.
The Median Rent in McNair is $2,253.
The Median Income in McNair is $123,327.
The Home Value To Income in McNair is 5.2x.
The Rent To Monthly Income in McNair is 0.22x.
The cost of living varies in the cities and towns around McNair. Here's a quick look at the cost of living in the most populous nearby places:
Bethesda, MD has a cost of living index of 202, 1.4x McNair.
Reston, VA has a cost of living index of 150, 1.0x McNair.
Sterling, VA has a cost of living index of 133, 0.9x McNair.
| City | Population | Cost Of Living | Vs. McNair |
|---|---|---|---|
| Bethesda, MD | 67,403 | 202 | 1.4x |
| Reston, VA | 63,542 | 150 | 1.0x |
| Sterling, VA | 31,251 | 133 | 0.9x |
| Herndon, VA | 24,529 | 143 | 1.0x |
| North Potomac, MD | 23,994 | 172 | 1.2x |
| Chantilly, VA | 23,744 | 152 | 1.1x |
| Franklin Farm, VA | 18,509 | 171 | 1.2x |
| Dranesville, VA | 11,860 | 170 | 1.2x |
| Lowes Island, VA | 11,199 | 170 | 1.2x |
| Travilah, MD | 11,128 | 224 | 1.6x |