Woodlake, VA Cost Of Living
Cost Of Living In Woodlake, VA Summary
Cost of living in Woodlake 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 Woodlake 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 Woodlake is 112, with 100 being the average.
The cost of living index in Woodlake is 1.1x higher than the national average.
Woodlake ranks as the #79 cheapest in Virginia out of 186.
Woodlake ranks as the #4,296 cheapest out of 6,412 in the US.
The median home value in Woodlake is $312,400.
The median income in Woodlake is $115,634.
Table Of Contents
Woodlake's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Woodlake, VA?
According to the most recent data on the cost of living, Woodlake has an overall cost of living index of 112, which is 1.1x higher than the national index of 100.
Compared to Virginia, Woodlake has a cost of living index that's 1.1x higher than Virginia's index of 102.
The standard of living in Woodlake ranks as #79 most affordable out of the 186 places we measured in Virginia. By definition, that implies Woodlake ranks as the #107 most expensive place in the Old Dominion.
For more reading on life in Woodlake, check out:
- Living In Woodlake
- Search Homes For Sale In Woodlake, VA
In Virginia
In America
Woodlake Cost Of Living Vs. Virginia
Six factors go into calculating the cost of living index in Woodlake. Here is how it fairs on each of the criteria:
The Services index in Woodlake is 102.
The Groceries index in Woodlake is 93.
The Health index in Woodlake is 106.
The Housing index in Woodlake is 143.
The Transportation index in Woodlake is 92.
The Utilities index in Woodlake is 103.
| Living Expense | Woodlake | Virginia | National Average | |
|---|---|---|---|---|
| Overall | 112 | 102 | 100 | |
| Services | 102 | 102 | 100 | |
| Groceries | 93 | 98 | 100 | |
| Health | 106 | 102 | 100 | |
| Housing | 143 | 107 | 100 | |
| Transportation | 92 | 95 | 100 | |
| Utilities | 103 | 102 | 100 | |
Woodlake, 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 Woodlake is $312,400.
The Median Rent in Woodlake is $1,454.
The Median Income in Woodlake is $115,634.
The Home Value To Income in Woodlake is 2.7x.
The Rent To Monthly Income in Woodlake is 0.15x.
| Statistic | Woodlake | Virginia | United States |
|---|---|---|---|
| Median Home Value | $312,400 | $295,500 | $244,900 |
| Median Rent | $1,454 | $1,326 | $1,163 |
| Median Income | $115,634 | $80,615 | $69,021 |
| Home Value To Income | 2.7x | 3.7x | 3.5x |
| Rent To Monthly Income | 0.15x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Woodlake, VA Costs By Category
Detailed Woodlake Services Costs Vs. Virginia
Detailed Woodlake Groceries Costs Vs. Virginia
Detailed Woodlake Health Costs Vs. Virginia
Detailed Woodlake Transportation Costs Vs. Virginia
Detailed Woodlake Utilities Costs Vs. Virginia
Woodlake SnackAbility
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Cost Of Living In Cities Around Woodlake
The cost of living varies in the cities and towns around Woodlake. Here's a quick look at the cost of living in the most populous nearby places:
Richmond, VA has a cost of living index of 99, 0.9x Woodlake.
Tuckahoe, VA has a cost of living index of 111, 1.0x Woodlake.
Short Pump, VA has a cost of living index of 125, 1.1x Woodlake.
| City | Population | Cost Of Living | Vs. Woodlake |
|---|---|---|---|
| Richmond, VA | 225,676 | 99 | 0.9x |
| Tuckahoe, VA | 48,187 | 111 | 1.0x |
| Short Pump, VA | 27,332 | 125 | 1.1x |
| Chester, VA | 22,512 | 101 | 0.9x |
| Meadowbrook, VA | 19,574 | 101 | 0.9x |
| Laurel, VA | 17,962 | 98 | 0.9x |
| Bon Air, VA | 17,846 | 106 | 0.9x |
| Glen Allen, VA | 14,783 | 108 | 1.0x |
| Brandermill, VA | 13,745 | 108 | 1.0x |
| Manchester, VA | 12,192 | 100 | 0.9x |
