Cost of living in Herndon 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 Herndon 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 Herndon is 140, with 100 being the average.
The cost of living index in Herndon is 1.4x higher than the national average.
Herndon ranks as the #123 cheapest in Virginia out of 186.
Herndon ranks as the #5,578 cheapest out of 6,412 in the US.
The median home value in Herndon is $470,200.
The median income in Herndon is $117,741.
According to the most recent data on the cost of living, Herndon has an overall cost of living index of 140, which is 1.4x higher than the national index of 100.
Compared to Virginia, Herndon has a cost of living index that's 1.4x higher than Virginia's index of 102.
The standard of living in Herndon ranks as #123 most affordable out of the 186 places we measured in Virginia. By definition, that implies Herndon ranks as the #63 most expensive place in the Old Dominion.
For more reading on life in Herndon, check out:
Six factors go into calculating the cost of living index in Herndon. Here is how it fairs on each of the criteria:
The Services index in Herndon is 114.
The Groceries index in Herndon is 116.
The Health index in Herndon is 89.
The Housing index in Herndon is 211.
The Transportation index in Herndon is 113.
The Utilities index in Herndon is 112.
Living Expense | Herndon | Virginia | National Average | |
---|---|---|---|---|
Overall | 140 | 102 | 100 | |
Services | 114 | 102 | 100 | |
Groceries | 116 | 98 | 100 | |
Health | 89 | 102 | 100 | |
Housing | 211 | 107 | 100 | |
Transportation | 113 | 95 | 100 | |
Utilities | 112 | 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 Herndon is $470,200.
The Median Rent in Herndon is $1,901.
The Median Income in Herndon is $117,741.
The Home Value To Income in Herndon is 4.0x.
The Rent To Monthly Income in Herndon is 0.19x.
Statistic | Herndon | Virginia | United States |
---|---|---|---|
Median Home Value | $470,200 | $295,500 | $244,900 |
Median Rent | $1,901 | $1,326 | $1,163 |
Median Income | $117,741 | $80,615 | $69,021 |
Home Value To Income | 4.0x | 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 Herndon. 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, 1.4x Herndon.
Reston, VA has a cost of living index of 149, 1.1x Herndon.
Sterling, VA has a cost of living index of 132, 0.9x Herndon.
City | Population | Cost Of Living | Vs. Herndon |
---|---|---|---|
Bethesda, MD | 66,294 | 192 | 1.4x |
Reston, VA | 62,453 | 149 | 1.1x |
Sterling, VA | 31,202 | 132 | 0.9x |
Clarksburg, MD | 27,354 | 153 | 1.1x |
North Potomac, MD | 24,449 | 167 | 1.2x |
McNair, VA | 20,980 | 142 | 1.0x |
Franklin Farm, VA | 18,906 | 167 | 1.2x |
Sugarland Run, VA | 12,928 | 137 | 1.0x |
Cascades, VA | 12,509 | 150 | 1.1x |
Dranesville, VA | 11,951 | 165 | 1.2x |