Burke, VA Cost Of Living
Cost Of Living In Burke, VA Summary
Cost of living in Burke 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 Burke 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 Burke is 154, with 100 being the average.
The cost of living index in Burke is 1.5x higher than the national average.
Burke ranks as the #156 cheapest in Virginia out of 186.
Burke ranks as the #5,915 cheapest out of 6,412 in the US.
The median home value in Burke is $573,900.
The median income in Burke is $157,336.
Table Of Contents
Burke's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Burke, VA?
According to the most recent data on the cost of living, Burke has an overall cost of living index of 154, which is 1.5x higher than the national index of 100.
Compared to Virginia, Burke has a cost of living index that's 1.5x higher than Virginia's index of 102.
The standard of living in Burke ranks as #156 most affordable out of the 186 places we measured in Virginia. By definition, that implies Burke ranks as the #30 most expensive place in the Old Dominion.
For more reading on life in Burke, check out:
- Living In Burke
- Search Homes For Sale In Burke, VA
In Virginia
In America
Burke Cost Of Living Vs. Virginia
Six factors go into calculating the cost of living index in Burke. Here is how it fairs on each of the criteria:
The Services index in Burke is 113.
The Groceries index in Burke is 123.
The Health index in Burke is 96.
The Housing index in Burke is 261.
The Transportation index in Burke is 105.
The Utilities index in Burke is 97.
| Living Expense | Burke | Virginia | National Average | |
|---|---|---|---|---|
| Overall | 154 | 102 | 100 | |
| Services | 113 | 102 | 100 | |
| Groceries | 123 | 98 | 100 | |
| Health | 96 | 102 | 100 | |
| Housing | 261 | 107 | 100 | |
| Transportation | 105 | 95 | 100 | |
| Utilities | 97 | 102 | 100 | |
Burke, 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 Burke is $573,900.
The Median Rent in Burke is $2,451.
The Median Income in Burke is $157,336.
The Home Value To Income in Burke is 3.6x.
The Rent To Monthly Income in Burke is 0.19x.
| Statistic | Burke | Virginia | United States |
|---|---|---|---|
| Median Home Value | $573,900 | $295,500 | $244,900 |
| Median Rent | $2,451 | $1,326 | $1,163 |
| Median Income | $157,336 | $80,615 | $69,021 |
| Home Value To Income | 3.6x | 3.7x | 3.5x |
| Rent To Monthly Income | 0.19x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Burke, VA Costs By Category
Detailed Burke Services Costs Vs. Virginia
Detailed Burke Groceries Costs Vs. Virginia
Detailed Burke Health Costs Vs. Virginia
Detailed Burke Transportation Costs Vs. Virginia
Detailed Burke Utilities Costs Vs. Virginia
Burke SnackAbility
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Cost Of Living In Cities Around Burke
The cost of living varies in the cities and towns around Burke. Here's a quick look at the cost of living in the most populous nearby places:
Bethesda, MD has a cost of living index of 192, 1.2x Burke.
Potomac, MD has a cost of living index of 198, 1.3x Burke.
West Springfield, VA has a cost of living index of 147, 1.0x Burke.
| City | Population | Cost Of Living | Vs. Burke |
|---|---|---|---|
| Bethesda, MD | 66,294 | 192 | 1.2x |
| Potomac, MD | 46,891 | 198 | 1.3x |
| West Springfield, VA | 23,562 | 147 | 1.0x |
| Franklin Farm, VA | 18,906 | 167 | 1.1x |
| Burke Centre, VA | 18,113 | 143 | 0.9x |
| Kings Park West, VA | 13,812 | 158 | 1.0x |
| Newington Forest, VA | 12,641 | 144 | 0.9x |
| Wakefield, VA | 11,534 | 172 | 1.1x |
| Lowes Island, VA | 11,272 | 163 | 1.1x |
| Travilah, MD | 11,052 | 227 | 1.5x |
