Cost of Living

Cost of living is the amount of money you have to spend in order to maintain a certain quality of life in a particular city. A variety of factors affecting the day to day expenses is an important consideration when you plan to move into a new home. Our review is an excellent guide you can use to assess possible bills you will be paying when you live in the area.

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Cost of Living Index in Charlottesville

The table below is the cost of living index for the city of Charlottesville, VA. It shows the typical expenses for families living in the area as compared to the state and national average. The standard score is 100 points, which is the median cost for the country.

Index Charlottesville Virginia United States Overall 118.9 113.8 100 Grocery 93.4 98.8 100 Health 151.8 101.5 100 Housing 155.5 135.1 100 Utilities 100.4 99.3 100 Transportation 81.3 115.5 100 Miscellaneous 105.8 100.5 100

Goods and Services

Many goods and services in Charlottesville are quite affordable compared to the national average. These include haircuts, movie tickets, gym memberships, basic toiletries, and more.

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Real Estate Prices

The median home price in Charlottesville, VA, is $290,800, which is higher than the national average of $216,000. Families will have to consider the higher cost of home prices if they plan to move into the area. If you plan to rent a furnished studio unit, the price range is between $791 and $1,111 per month while a larger apartment costs about $1,209 to $1,531.

Utility Bills

The average monthly utility bill for a home in Charlottesville which includes electricity, heating, cooling, water, and garbage is $136.12 along with Internet fees that average around $68.09 per month.

Food and Groceries

Grocery items in the city of Charlottesville cost quite low which makes home-cooked meals a great way to save money for families living in the community. Dining out in the city however, can be quite expensive. The average bill for a meal is $15, a three-course dinner at a mid-range restaurant is $60, and fast food meals average out at $7 per meal.

Transportation Costs

The cost of a quarter-liter of gas in Charlottesville is $0.59 while public transport rate is also relatively affordable with a monthly transport ticket costing $23.

Taxes in Virginia

Virginia Tax Rates range between 2% and 5.75% with a sales tax rate of 4.3%. There is an additional 1% local tax for a total of 5.3% cumulative sales tax. No state property tax is imposed with most charges set and collected at the local government level.

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