What is the cost of living in Wakefield, VA?
According to the most recent data on the cost of living, Wakefield has an overall cost of living index of 173, which is 1.7x higher than the national index of 100.
Compared to Virginia, Wakefield has a cost of living index that's 1.5x higher than Virginia's index of 112.
The standard of living in Wakefield ranks as #175 most affordable out of the 188 places we measured in Virginia. By definition, that implies Wakefield ranks as the #13 most expensive place in the Old Dominion.
For more reading on life in Wakefield, check out:
Wakefield Cost Of Living Vs. Virginia
Six factors go into calculating the cost of living index in Wakefield. Here is how it fares on each of the criteria:
The Services index in Wakefield is 102.
The Groceries index in Wakefield is 100.
The Health index in Wakefield is 337.
The Housing index in Wakefield is 103.
The Transportation index in Wakefield is 104.
The Utilities index in Wakefield is 102.
| Living Expense | Wakefield | Virginia | National Average |
|---|---|---|---|
| Overall | 173 | 112 | 100 |
| Services | 102 | 103 | 100 |
| Groceries | 100 | 104 | 100 |
| Health | 337 | 131 | 100 |
| Housing | 103 | 105 | 100 |
| Transportation | 104 | 105 | 100 |
| Utilities | 102 | 104 | 100 |
Wakefield Cost Of Living Compared To Virginia Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Virginia, check out:
Protect your home budget Compare home warranties in Wakefield Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Wakefield, 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 2020-2024. The key points are:
The Median Home Value in Wakefield is $213,379.
The Median Rent in Wakefield is $3,501.
The Median Income in Wakefield is $237,975.
The Home Value To Income in Wakefield is 0.9x.
The Rent To Monthly Income in Wakefield is 0.18x.
Wakefield, VA Costs By Category
Detailed Wakefield Services costs vs. Virginia
Detailed Wakefield Groceries costs vs. Virginia
Detailed Wakefield Health costs vs. Virginia
Detailed Wakefield Transportation costs vs. Virginia
Wakefield SnackAbility
Cost Of Living In Cities Around Wakefield
The cost of living varies in the cities and towns around Wakefield. 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 144, 0.8x Wakefield.
North Potomac, MD has a cost of living index of 176, 1.0x Wakefield.
Merrifield, VA has a cost of living index of 154, 0.9x Wakefield.
| City | Population | Cost Of Living | Vs. Wakefield |
|---|---|---|---|
| Annandale, VA | 41,705 | 144 | 0.8x |
| North Potomac, MD | 23,922 | 176 | 1.0x |
| Merrifield, VA | 20,698 | 154 | 0.9x |
| Kings Park West, VA | 13,442 | 160 | 0.9x |
| Kemp Mill, MD | 13,042 | 147 | 0.8x |
| Travilah, MD | 11,721 | 225 | 1.3x |
| George Mason, VA | 9,937 | 160 | 0.9x |
| Woodburn, VA | 9,503 | 163 | 0.9x |
| Chevy Chase, MD | 9,445 | 257 | 1.5x |
| Mantua, VA | 8,298 | 182 | 1.1x |
