Oakton, VA Cost Of Living
Cost Of Living In Oakton, VA Summary
Cost of living in Oakton 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 Oakton 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 Oakton is 163, with 100 being the average.
The cost of living index in Oakton is 1.6x higher than the national average.
Oakton ranks as the #165 cheapest in Virginia out of 186.
Oakton ranks as the #6,036 cheapest out of 6,412 in the US.
The median home value in Oakton is $660,700.
The median income in Oakton is $145,064.
Table Of Contents
Oakton's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Oakton, VA?
According to the most recent data on the cost of living, Oakton has an overall cost of living index of 163, which is 1.6x higher than the national index of 100.
Compared to Virginia, Oakton has a cost of living index that's 1.6x higher than Virginia's index of 102.
The standard of living in Oakton ranks as #165 most affordable out of the 186 places we measured in Virginia. By definition, that implies Oakton ranks as the #21 most expensive place in the Old Dominion.
For more reading on life in Oakton, check out:
- Living In Oakton
- Search Homes For Sale In Oakton, VA
In Virginia
In America
Oakton Cost Of Living Vs. Virginia
Six factors go into calculating the cost of living index in Oakton. Here is how it fairs on each of the criteria:
The Services index in Oakton is 112.
The Groceries index in Oakton is 120.
The Health index in Oakton is 95.
The Housing index in Oakton is 284.
The Transportation index in Oakton is 106.
The Utilities index in Oakton is 96.
| Living Expense | Oakton | Virginia | National Average | |
|---|---|---|---|---|
| Overall | 163 | 102 | 100 | |
| Services | 112 | 102 | 100 | |
| Groceries | 120 | 98 | 100 | |
| Health | 95 | 102 | 100 | |
| Housing | 284 | 107 | 100 | |
| Transportation | 106 | 95 | 100 | |
| Utilities | 96 | 102 | 100 | |
Oakton, 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 Oakton is $660,700.
The Median Rent in Oakton is $2,047.
The Median Income in Oakton is $145,064.
The Home Value To Income in Oakton is 4.6x.
The Rent To Monthly Income in Oakton is 0.17x.
| Statistic | Oakton | Virginia | United States |
|---|---|---|---|
| Median Home Value | $660,700 | $295,500 | $244,900 |
| Median Rent | $2,047 | $1,326 | $1,163 |
| Median Income | $145,064 | $80,615 | $69,021 |
| Home Value To Income | 4.6x | 3.7x | 3.5x |
| Rent To Monthly Income | 0.17x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Oakton, VA Costs By Category
Detailed Oakton Services Costs Vs. Virginia
Detailed Oakton Groceries Costs Vs. Virginia
Detailed Oakton Health Costs Vs. Virginia
Detailed Oakton Transportation Costs Vs. Virginia
Detailed Oakton Utilities Costs Vs. Virginia
Oakton SnackAbility
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Cost Of Living In Cities Around Oakton
The cost of living varies in the cities and towns around Oakton. Here's a quick look at the cost of living in the most populous nearby places:
Fair Oaks, VA has a cost of living index of 147, 0.9x Oakton.
North Potomac, MD has a cost of living index of 167, 1.0x Oakton.
Fairfax, VA has a cost of living index of 147, 0.9x Oakton.
| City | Population | Cost Of Living | Vs. Oakton |
|---|---|---|---|
| Fair Oaks, VA | 34,437 | 147 | 0.9x |
| North Potomac, MD | 24,449 | 167 | 1.0x |
| Fairfax, VA | 23,980 | 147 | 0.9x |
| Merrifield, VA | 19,075 | 150 | 0.9x |
| Vienna, VA | 16,465 | 170 | 1.0x |
| Wolf Trap, VA | 16,394 | 210 | 1.3x |
| Kemp Mill, MD | 14,509 | 141 | 0.9x |
| Travilah, MD | 11,052 | 227 | 1.4x |
| George Mason, VA | 9,927 | 156 | 1.0x |
| Chevy Chase, MD | 9,889 | 204 | 1.3x |
