Cost of living in Highland Springs 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 Highland Springs 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 Highland Springs is 95, with 100 being the average.
The cost of living index in Highland Springs is 0.9x lower than the national average.
Highland Springs ranks as the #33 cheapest in Virginia out of 186.
Highland Springs ranks as the #2,449 cheapest out of 6,412 in the US.
The median home value in Highland Springs is $157,500.
The median income in Highland Springs is $50,684.
According to the most recent data on the cost of living, Highland Springs has an overall cost of living index of 95, which is 0.9x lower than the national index of 100.
Compared to Virginia, Highland Springs has a cost of living index that's 0.9x lower than Virginia's index of 102.
The standard of living in Highland Springs ranks as #33 most affordable out of the 186 places we measured in Virginia. By definition, that implies Highland Springs ranks as the #153 most expensive place in the Old Dominion.
For more reading on life in Highland Springs, check out:
Six factors go into calculating the cost of living index in Highland Springs. Here is how it fairs on each of the criteria:
The Services index in Highland Springs is 101.
The Groceries index in Highland Springs is 91.
The Health index in Highland Springs is 104.
The Housing index in Highland Springs is 81.
The Transportation index in Highland Springs is 90.
The Utilities index in Highland Springs is 101.
Living Expense | Highland Springs | Virginia | National Average | |
---|---|---|---|---|
Overall | 95 | 102 | 100 | |
Services | 101 | 102 | 100 | |
Groceries | 91 | 98 | 100 | |
Health | 104 | 102 | 100 | |
Housing | 81 | 107 | 100 | |
Transportation | 90 | 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 Highland Springs is $157,500.
The Median Rent in Highland Springs is $1,101.
The Median Income in Highland Springs is $50,684.
The Home Value To Income in Highland Springs is 3.1x.
The Rent To Monthly Income in Highland Springs is 0.26x.
Statistic | Highland Springs | Virginia | United States |
---|---|---|---|
Median Home Value | $157,500 | $295,500 | $244,900 |
Median Rent | $1,101 | $1,326 | $1,163 |
Median Income | $50,684 | $80,615 | $69,021 |
Home Value To Income | 3.1x | 3.7x | 3.5x |
Rent To Monthly Income | 0.26x | 0.2x | 0.2x |
Item | Highland Springs | 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 | Highland Springs | 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 | Highland Springs | Virginia |
---|---|---|
Optometrist | $116.2 | $108.57 |
Doctor | $139.74 | $116.17 |
Dentist | $99.4 | $99.13 |
Item | Highland Springs | Virginia |
---|---|---|
Gasoline | $2.01 | $2.22 |
Tire Balancing | $46.7 | $50.07 |
Item | Highland Springs | Virginia |
---|---|---|
All Electricity | $176.41 | $167.67 |
Phone | $177.97 | $175.64 |
The cost of living varies in the cities and towns around Highland Springs. Here's a quick look at the cost of living in the most populous nearby places:
Richmond, VA has a cost of living index of 99, 1.0x Highland Springs.
Tuckahoe, VA has a cost of living index of 111, 1.2x Highland Springs.
Mechanicsville, VA has a cost of living index of 107, 1.1x Highland Springs.
City | Population | Cost Of Living | Vs. Highland Springs |
---|---|---|---|
Richmond, VA | 225,676 | 99 | 1.0x |
Tuckahoe, VA | 48,187 | 111 | 1.2x |
Mechanicsville, VA | 37,767 | 107 | 1.1x |
Short Pump, VA | 27,332 | 125 | 1.3x |
Laurel, VA | 17,962 | 98 | 1.0x |
Bon Air, VA | 17,846 | 106 | 1.1x |
East Highland Park, VA | 16,669 | 95 | 1.0x |
Glen Allen, VA | 14,783 | 108 | 1.1x |
Brandermill, VA | 13,745 | 108 | 1.1x |
Lakeside, VA | 12,690 | 99 | 1.0x |