Cost of living in Cascades 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 Cascades 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 Cascades is 150, with 100 being the average.
The cost of living index in Cascades is 1.5x higher than the national average.
Cascades ranks as the #150 cheapest in Virginia out of 186.
Cascades ranks as the #5,843 cheapest out of 6,412 in the US.
The median home value in Cascades is $494,900.
The median income in Cascades is $149,349.
According to the most recent data on the cost of living, Cascades has an overall cost of living index of 150, which is 1.5x higher than the national index of 100.
Compared to Virginia, Cascades has a cost of living index that's 1.5x higher than Virginia's index of 102.
The standard of living in Cascades ranks as #150 most affordable out of the 186 places we measured in Virginia. By definition, that implies Cascades ranks as the #36 most expensive place in the Old Dominion.
For more reading on life in Cascades, check out:
Six factors go into calculating the cost of living index in Cascades. Here is how it fairs on each of the criteria:
The Services index in Cascades is 115.
The Groceries index in Cascades is 112.
The Health index in Cascades is 86.
The Housing index in Cascades is 241.
The Transportation index in Cascades is 115.
The Utilities index in Cascades is 111.
Living Expense | Cascades | Virginia | National Average | |
---|---|---|---|---|
Overall | 150 | 102 | 100 | |
Services | 115 | 102 | 100 | |
Groceries | 112 | 98 | 100 | |
Health | 86 | 102 | 100 | |
Housing | 241 | 107 | 100 | |
Transportation | 115 | 95 | 100 | |
Utilities | 111 | 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 Cascades is $494,900.
The Median Rent in Cascades is $2,360.
The Median Income in Cascades is $149,349.
The Home Value To Income in Cascades is 3.3x.
The Rent To Monthly Income in Cascades is 0.19x.
Statistic | Cascades | Virginia | United States |
---|---|---|---|
Median Home Value | $494,900 | $295,500 | $244,900 |
Median Rent | $2,360 | $1,326 | $1,163 |
Median Income | $149,349 | $80,615 | $69,021 |
Home Value To Income | 3.3x | 3.7x | 3.5x |
Rent To Monthly Income | 0.19x | 0.2x | 0.2x |
The cost of living varies in the cities and towns around Cascades. Here's a quick look at the cost of living in the most populous nearby places:
Ashburn, VA has a cost of living index of 149, 1.0x Cascades.
Olney, MD has a cost of living index of 150, 1.0x Cascades.
Sterling, VA has a cost of living index of 132, 0.9x Cascades.
City | Population | Cost Of Living | Vs. Cascades |
---|---|---|---|
Ashburn, VA | 44,950 | 149 | 1.0x |
Olney, MD | 35,815 | 150 | 1.0x |
Sterling, VA | 31,202 | 132 | 0.9x |
Clarksburg, MD | 27,354 | 153 | 1.0x |
North Potomac, MD | 24,449 | 167 | 1.1x |
Kemp Mill, MD | 14,509 | 141 | 0.9x |
Sugarland Run, VA | 12,928 | 137 | 0.9x |
Dranesville, VA | 11,951 | 165 | 1.1x |
Lowes Island, VA | 11,272 | 163 | 1.1x |
Travilah, MD | 11,052 | 227 | 1.5x |