Cost of living in Carrollton 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 Carrollton 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 Carrollton is 114, with 100 being the average.
The cost of living index in Carrollton is 1.1x higher than the national average.
Carrollton ranks as the #83 cheapest in Virginia out of 186.
Carrollton ranks as the #4,427 cheapest out of 6,412 in the US.
The median home value in Carrollton is $354,500.
The median income in Carrollton is $106,859.
According to the most recent data on the cost of living, Carrollton has an overall cost of living index of 114, which is 1.1x higher than the national index of 100.
Compared to Virginia, Carrollton has a cost of living index that's 1.1x higher than Virginia's index of 102.
The standard of living in Carrollton ranks as #83 most affordable out of the 186 places we measured in Virginia. By definition, that implies Carrollton ranks as the #103 most expensive place in the Old Dominion.
For more reading on life in Carrollton, check out:
Six factors go into calculating the cost of living index in Carrollton. Here is how it fairs on each of the criteria:
The Services index in Carrollton is 103.
The Groceries index in Carrollton is 95.
The Health index in Carrollton is 104.
The Housing index in Carrollton is 147.
The Transportation index in Carrollton is 93.
The Utilities index in Carrollton is 101.
Living Expense | Carrollton | Virginia | National Average | |
---|---|---|---|---|
Overall | 114 | 102 | 100 | |
Services | 103 | 102 | 100 | |
Groceries | 95 | 98 | 100 | |
Health | 104 | 102 | 100 | |
Housing | 147 | 107 | 100 | |
Transportation | 93 | 95 | 100 | |
Utilities | 101 | 102 | 100 |
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 Carrollton is $354,500.
The Median Rent in Carrollton is $1,584.
The Median Income in Carrollton is $106,859.
The Home Value To Income in Carrollton is 3.3x.
The Rent To Monthly Income in Carrollton is 0.18x.
Statistic | Carrollton | Virginia | United States |
---|---|---|---|
Median Home Value | $354,500 | $295,500 | $244,900 |
Median Rent | $1,584 | $1,326 | $1,163 |
Median Income | $106,859 | $80,615 | $69,021 |
Home Value To Income | 3.3x | 3.7x | 3.5x |
Rent To Monthly Income | 0.18x | 0.2x | 0.2x |
Item | Carrollton | Virginia |
---|---|---|
Shampoo | $0.97 | $1.06 |
Movie | $11.73 | $10.68 |
Bowling | $18.0 | $14.67 |
Haircut | $21.36 | $18.62 |
Beauty Salon | $44.43 | $39.05 |
Item | Carrollton | Virginia |
---|---|---|
Ground Beef | $3.61 | $4.22 |
Fried Chicken | $1.05 | $1.39 |
Milk | $1.58 | $2.05 |
Potatoes | $3.16 | $3.29 |
Pizza | $10.13 | $10.62 |
Beer | $9.82 | $9.38 |
Toothpaste | $1.85 | $2.34 |
Item | Carrollton | Virginia |
---|---|---|
Optometrist | $116.2 | $108.57 |
Doctor | $139.74 | $116.17 |
Dentist | $99.4 | $99.13 |
Item | Carrollton | Virginia |
---|---|---|
Gasoline | $2.01 | $2.22 |
Tire Balancing | $46.7 | $50.07 |
Item | Carrollton | Virginia |
---|---|---|
All Electricity | $176.41 | $167.67 |
Phone | $177.97 | $175.64 |
The cost of living varies in the cities and towns around Carrollton. Here's a quick look at the cost of living in the most populous nearby places:
Norfolk, VA has a cost of living index of 107, 0.9x Carrollton.
Newport News, VA has a cost of living index of 102, 0.9x Carrollton.
Hampton, VA has a cost of living index of 99, 0.9x Carrollton.
City | Population | Cost Of Living | Vs. Carrollton |
---|---|---|---|
Norfolk, VA | 238,556 | 107 | 0.9x |
Newport News, VA | 185,069 | 102 | 0.9x |
Hampton, VA | 136,748 | 99 | 0.9x |
Portsmouth, VA | 97,454 | 104 | 0.9x |
Suffolk, VA | 93,268 | 109 | 1.0x |
Poquoson, VA | 12,382 | 113 | 1.0x |
Smithfield, VA | 8,513 | 111 | 1.0x |