Newington, VA Cost Of Living
Cost Of Living In Newington, VA Summary
Cost of living in Newington 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 Newington 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 Newington is 140, with 100 being the average.
The cost of living index in Newington is 1.4x higher than the national average.
Newington ranks as the #123 cheapest in Virginia out of 186.
Newington ranks as the #5,578 cheapest out of 6,412 in the US.
The median home value in Newington is $472,900.
The median income in Newington is $146,523.
Table Of Contents
Newington's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Newington, VA?
According to the most recent data on the cost of living, Newington has an overall cost of living index of 140, which is 1.4x higher than the national index of 100.
Compared to Virginia, Newington has a cost of living index that's 1.4x higher than Virginia's index of 102.
The standard of living in Newington ranks as #123 most affordable out of the 186 places we measured in Virginia. By definition, that implies Newington ranks as the #63 most expensive place in the Old Dominion.
For more reading on life in Newington, check out:
- Living In Newington
- Search Homes For Sale In Newington, VA
In Virginia
In America
Newington Cost Of Living Vs. Virginia
Six factors go into calculating the cost of living index in Newington. Here is how it fairs on each of the criteria:
The Services index in Newington is 106.
The Groceries index in Newington is 122.
The Health index in Newington is 102.
The Housing index in Newington is 224.
The Transportation index in Newington is 101.
The Utilities index in Newington is 96.
| Living Expense | Newington | Virginia | National Average | |
|---|---|---|---|---|
| Overall | 140 | 102 | 100 | |
| Services | 106 | 102 | 100 | |
| Groceries | 122 | 98 | 100 | |
| Health | 102 | 102 | 100 | |
| Housing | 224 | 107 | 100 | |
| Transportation | 101 | 95 | 100 | |
| Utilities | 96 | 102 | 100 | |
Newington, 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 2017-2021. The key points are:
The Median Home Value in Newington is $472,900.
The Median Rent in Newington is $2,361.
The Median Income in Newington is $146,523.
The Home Value To Income in Newington is 3.2x.
The Rent To Monthly Income in Newington is 0.19x.
| Statistic | Newington | Virginia | United States |
|---|---|---|---|
| Median Home Value | $472,900 | $295,500 | $244,900 |
| Median Rent | $2,361 | $1,326 | $1,163 |
| Median Income | $146,523 | $80,615 | $69,021 |
| Home Value To Income | 3.2x | 3.7x | 3.5x |
| Rent To Monthly Income | 0.19x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Newington, VA Costs By Category
Detailed Newington Services Costs Vs. Virginia
Detailed Newington Groceries Costs Vs. Virginia
Detailed Newington Health Costs Vs. Virginia
Detailed Newington Transportation Costs Vs. Virginia
Detailed Newington Utilities Costs Vs. Virginia
Newington SnackAbility
/10
Cost Of Living In Cities Around Newington
The cost of living varies in the cities and towns around Newington. 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 192, 1.4x Newington.
Potomac, MD has a cost of living index of 198, 1.4x Newington.
Springfield, VA has a cost of living index of 141, 1.0x Newington.
| City | Population | Cost Of Living | Vs. Newington |
|---|---|---|---|
| Bethesda, MD | 66,294 | 192 | 1.4x |
| Potomac, MD | 46,891 | 198 | 1.4x |
| Springfield, VA | 31,769 | 141 | 1.0x |
| West Springfield, VA | 23,562 | 147 | 1.1x |
| Lorton, VA | 21,394 | 140 | 1.0x |
| Franklin Farm, VA | 18,906 | 167 | 1.2x |
| Kingstowne, VA | 18,369 | 143 | 1.0x |
| Franconia, VA | 18,310 | 142 | 1.0x |
| Newington Forest, VA | 12,641 | 144 | 1.0x |
| Chevy Chase, MD | 9,889 | 204 | 1.5x |
