According to the most recent data on the cost of living, Wakefield has an overall cost of living index of 172 which is 1.7x higher than the national index of 100.
Compared to only Virginia, Wakefield has a cost of living index that's 1.6x higher than Virginia's index of 106.
The standard of living in Wakefield ranks as #6,154 most affordable out of the 6,418 places we measured in Virginia. By definition, that implies Wakefield ranks as the #264 most expensive place in the Old Dominion.
|Living Expense||Wakefield||Virginia||National Average|
Housing swings affordability the most between places in Virginia, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.
Home and income come data comes from the most recent US Census ACS 2014-2018.
|City||Population||Cost Of Living||Vs. Wakefield|
|North Potomac, MD||24,146||167||1.0x|
|Kemp Mill, MD||14,812||141||0.8x|
|Kings Park West, VA||14,090||158||0.9x|
|George Mason, VA||9,948||156||0.9x|
|Chevy Chase, MD||9,801||204||1.2x|
|South Kensington, MD||8,494||181||1.1x|