Virginia, MN Cost Of Living
Cost Of Living In Virginia, MN Summary
Cost of living in Virginia 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 Virginia is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Minnesota, 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 Virginia is 89, with 100 being the average.
The cost of living index in Virginia is 0.9x lower than the national average.
Virginia ranks as the #8 cheapest in Minnesota out of 147.
Virginia ranks as the #1,460 cheapest out of 6,412 in the US.
The median home value in Virginia is $90,200.
The median income in Virginia is $44,014.
Table Of Contents
Virginia's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Virginia, MN?
According to the most recent data on the cost of living, Virginia has an overall cost of living index of 89, which is 0.9x lower than the national index of 100.
Compared to Minnesota, Virginia has a cost of living index that's 0.9x lower than Minnesota's index of 95.
The standard of living in Virginia ranks as #8 most affordable out of the 147 places we measured in Minnesota. By definition, that implies Virginia ranks as the #139 most expensive place in the North Star State.
For more reading on life in Virginia, check out:
- Living In Virginia
- Virginia Crime Report
- Search Homes For Sale In Virginia, MN
In Minnesota
In America
Virginia Cost Of Living Vs. Minnesota
Six factors go into calculating the cost of living index in Virginia. Here is how it fairs on each of the criteria:
The Services index in Virginia is 111.
The Groceries index in Virginia is 110.
The Health index in Virginia is 118.
The Housing index in Virginia is 50.
The Transportation index in Virginia is 100.
The Utilities index in Virginia is 98.
| Living Expense | Virginia | Minnesota | National Average | |
|---|---|---|---|---|
| Overall | 89 | 95 | 100 | |
| Services | 111 | 101 | 100 | |
| Groceries | 110 | 98 | 100 | |
| Health | 118 | 111 | 100 | |
| Housing | 50 | 83 | 100 | |
| Transportation | 100 | 98 | 100 | |
| Utilities | 98 | 95 | 100 | |
Virginia, MN Housing Cost Breakdown
Housing swings affordability the most between places in Minnesota, 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 Virginia is $90,200.
The Median Rent in Virginia is $672.
The Median Income in Virginia is $44,014.
The Home Value To Income in Virginia is 2.0x.
The Rent To Monthly Income in Virginia is 0.18x.
| Statistic | Virginia | Minnesota | United States |
|---|---|---|---|
| Median Home Value | $90,200 | $250,200 | $244,900 |
| Median Rent | $672 | $1,081 | $1,163 |
| Median Income | $44,014 | $77,706 | $69,021 |
| Home Value To Income | 2.0x | 3.2x | 3.5x |
| Rent To Monthly Income | 0.18x | 0.17x | 0.2x |
Median Home Value
Median Rent
Median Income
Virginia, MN Costs By Category
Detailed Virginia Services Costs Vs. Minnesota
Detailed Virginia Groceries Costs Vs. Minnesota
Detailed Virginia Health Costs Vs. Minnesota
Detailed Virginia Transportation Costs Vs. Minnesota
Detailed Virginia Utilities Costs Vs. Minnesota
Virginia SnackAbility
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Cost Of Living In Cities Around Virginia
The cost of living varies in the cities and towns around Virginia. Here's a quick look at the cost of living in the most populous nearby places:
Hibbing, MN has a cost of living index of 93, 1.0x Virginia.
| City | Population | Cost Of Living | Vs. Virginia |
|---|---|---|---|
| Hibbing, MN | 16,224 | 93 | 1.0x |
