Potomac Mills, VA Cost Of Living
Cost Of Living In Potomac Mills, VA Summary
Cost of living in Potomac Mills 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 Potomac Mills 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 Potomac Mills is 120, with 100 being the average.
The cost of living index in Potomac Mills is 1.2x higher than the national average.
Potomac Mills ranks as the #92 cheapest in Virginia out of 186.
Potomac Mills ranks as the #4,798 cheapest out of 6,412 in the US.
The median home value in Potomac Mills is $475,800.
The median income in Potomac Mills is $124,625.
Table Of Contents
Potomac Mills's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Potomac Mills, VA?
According to the most recent data on the cost of living, Potomac Mills has an overall cost of living index of 120, which is 1.2x higher than the national index of 100.
Compared to Virginia, Potomac Mills has a cost of living index that's 1.2x higher than Virginia's index of 102.
The standard of living in Potomac Mills ranks as #92 most affordable out of the 186 places we measured in Virginia. By definition, that implies Potomac Mills ranks as the #94 most expensive place in the Old Dominion.
For more reading on life in Potomac Mills, check out:
- Living In Potomac Mills
- Search Homes For Sale In Potomac Mills, VA
In Virginia
In America
Potomac Mills Cost Of Living Vs. Virginia
Six factors go into calculating the cost of living index in Potomac Mills. Here is how it fairs on each of the criteria:
The Services index in Potomac Mills is 109.
The Groceries index in Potomac Mills is 122.
The Health index in Potomac Mills is 102.
The Housing index in Potomac Mills is 148.
The Transportation index in Potomac Mills is 101.
The Utilities index in Potomac Mills is 97.
| Living Expense | Potomac Mills | Virginia | National Average | |
|---|---|---|---|---|
| Overall | 120 | 102 | 100 | |
| Services | 109 | 102 | 100 | |
| Groceries | 122 | 98 | 100 | |
| Health | 102 | 102 | 100 | |
| Housing | 148 | 107 | 100 | |
| Transportation | 101 | 95 | 100 | |
| Utilities | 97 | 102 | 100 | |
Potomac Mills, 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 Potomac Mills is $475,800.
The Median Rent in Potomac Mills is $1,996.
The Median Income in Potomac Mills is $124,625.
The Home Value To Income in Potomac Mills is 3.8x.
The Rent To Monthly Income in Potomac Mills is 0.19x.
| Statistic | Potomac Mills | Virginia | United States |
|---|---|---|---|
| Median Home Value | $475,800 | $295,500 | $244,900 |
| Median Rent | $1,996 | $1,326 | $1,163 |
| Median Income | $124,625 | $80,615 | $69,021 |
| Home Value To Income | 3.8x | 3.7x | 3.5x |
| Rent To Monthly Income | 0.19x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Potomac Mills, VA Costs By Category
Detailed Potomac Mills Services Costs Vs. Virginia
| Item | Potomac Mills | Virginia |
|---|---|---|
| Shampoo | $1.04 | $1.06 |
| Movie | $12.45 | $10.68 |
| Bowling | $19.83 | $14.67 |
| Haircut | $25.56 | $18.62 |
| Beauty Salon | $56.94 | $39.05 |
Detailed Potomac Mills Groceries Costs Vs. Virginia
| Item | Potomac Mills | Virginia |
|---|---|---|
| Ground Beef | $4.79 | $4.22 |
| Fried Chicken | $1.62 | $1.39 |
| Milk | $2.58 | $2.05 |
| Potatoes | $4.21 | $3.29 |
| Pizza | $11.66 | $10.62 |
| Beer | $10.66 | $9.38 |
| Toothpaste | $3.52 | $2.34 |
Detailed Potomac Mills Health Costs Vs. Virginia
| Item | Potomac Mills | Virginia |
|---|---|---|
| Optometrist | $104.67 | $108.57 |
| Doctor | $128.0 | $116.17 |
| Dentist | $103.17 | $99.13 |
Detailed Potomac Mills Transportation Costs Vs. Virginia
| Item | Potomac Mills | Virginia |
|---|---|---|
| Gasoline | $2.24 | $2.22 |
| Tire Balancing | $51.0 | $50.07 |
Detailed Potomac Mills Utilities Costs Vs. Virginia
| Item | Potomac Mills | Virginia |
|---|---|---|
| All Electricity | $160.85 | $167.67 |
| Phone | $177.97 | $175.64 |
Potomac Mills SnackAbility
/10
Cost Of Living In Cities Around Potomac Mills
The cost of living varies in the cities and towns around Potomac Mills. Here's a quick look at the cost of living in the most populous nearby places:
Arlington, VA has a cost of living index of 167, 1.4x Potomac Mills.
Lake Ridge, VA has a cost of living index of 128, 1.1x Potomac Mills.
Burke, VA has a cost of living index of 154, 1.3x Potomac Mills.
| City | Population | Cost Of Living | Vs. Potomac Mills |
|---|---|---|---|
| Arlington, VA | 235,764 | 167 | 1.4x |
| Lake Ridge, VA | 44,697 | 128 | 1.1x |
| Burke, VA | 44,191 | 154 | 1.3x |
| Woodbridge, VA | 42,734 | 127 | 1.1x |
| Montclair, VA | 21,961 | 136 | 1.1x |
| Franklin Farm, VA | 18,906 | 167 | 1.4x |
| Fort Hunt, VA | 16,322 | 180 | 1.5x |
| Kings Park West, VA | 13,812 | 158 | 1.3x |
| Dunn Loring, VA | 9,251 | 183 | 1.5x |
| Laurel Hill, VA | 8,415 | 149 | 1.2x |
