Lowes Island, VA Cost Of Living
Cost Of Living In Lowes Island, VA Summary
Cost of living in Lowes Island 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 Lowes Island 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 Lowes Island is 163, with 100 being the average.
The cost of living index in Lowes Island is 1.6x higher than the national average.
Lowes Island ranks as the #165 cheapest in Virginia out of 186.
Lowes Island ranks as the #6,036 cheapest out of 6,412 in the US.
The median home value in Lowes Island is $638,000.
The median income in Lowes Island is $194,327.
Table Of Contents
Lowes Island's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Lowes Island, VA?
According to the most recent data on the cost of living, Lowes Island has an overall cost of living index of 163, which is 1.6x higher than the national index of 100.
Compared to Virginia, Lowes Island has a cost of living index that's 1.6x higher than Virginia's index of 102.
The standard of living in Lowes Island ranks as #165 most affordable out of the 186 places we measured in Virginia. By definition, that implies Lowes Island ranks as the #21 most expensive place in the Old Dominion.
For more reading on life in Lowes Island, check out:
- Living In Lowes Island
- Search Homes For Sale In Lowes Island, VA
In Virginia
In America
Lowes Island Cost Of Living Vs. Virginia
Six factors go into calculating the cost of living index in Lowes Island. Here is how it fairs on each of the criteria:
The Services index in Lowes Island is 114.
The Groceries index in Lowes Island is 115.
The Health index in Lowes Island is 88.
The Housing index in Lowes Island is 283.
The Transportation index in Lowes Island is 116.
The Utilities index in Lowes Island is 113.
| Living Expense | Lowes Island | Virginia | National Average | |
|---|---|---|---|---|
| Overall | 163 | 102 | 100 | |
| Services | 114 | 102 | 100 | |
| Groceries | 115 | 98 | 100 | |
| Health | 88 | 102 | 100 | |
| Housing | 283 | 107 | 100 | |
| Transportation | 116 | 95 | 100 | |
| Utilities | 113 | 102 | 100 | |
Lowes Island, 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 Lowes Island is $638,000.
The Median Rent in Lowes Island is $2,294.
The Median Income in Lowes Island is $194,327.
The Home Value To Income in Lowes Island is 3.3x.
The Rent To Monthly Income in Lowes Island is 0.14x.
| Statistic | Lowes Island | Virginia | United States |
|---|---|---|---|
| Median Home Value | $638,000 | $295,500 | $244,900 |
| Median Rent | $2,294 | $1,326 | $1,163 |
| Median Income | $194,327 | $80,615 | $69,021 |
| Home Value To Income | 3.3x | 3.7x | 3.5x |
| Rent To Monthly Income | 0.14x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Lowes Island, VA Costs By Category
Detailed Lowes Island Services Costs Vs. Virginia
| Item | Lowes Island | Virginia |
|---|---|---|
| Shampoo | $1.43 | $1.06 |
| Movie | $12.5 | $10.68 |
| Bowling | $21.25 | $14.67 |
| Haircut | $31.92 | $18.62 |
| Beauty Salon | $63.67 | $39.05 |
Detailed Lowes Island Groceries Costs Vs. Virginia
| Item | Lowes Island | Virginia |
|---|---|---|
| Ground Beef | $4.7 | $4.22 |
| Fried Chicken | $1.75 | $1.39 |
| Milk | $2.49 | $2.05 |
| Potatoes | $3.99 | $3.29 |
| Pizza | $11.99 | $10.62 |
| Beer | $10.99 | $9.38 |
| Toothpaste | $2.74 | $2.34 |
Detailed Lowes Island Health Costs Vs. Virginia
| Item | Lowes Island | Virginia |
|---|---|---|
| Optometrist | $75.0 | $108.57 |
| Doctor | $97.0 | $116.17 |
| Dentist | $87.0 | $99.13 |
Detailed Lowes Island Transportation Costs Vs. Virginia
| Item | Lowes Island | Virginia |
|---|---|---|
| Gasoline | $2.44 | $2.22 |
| Tire Balancing | $62.0 | $50.07 |
Detailed Lowes Island Utilities Costs Vs. Virginia
| Item | Lowes Island | Virginia |
|---|---|---|
| All Electricity | $193.98 | $167.67 |
| Phone | $190.63 | $175.64 |
Lowes Island SnackAbility
/10
Cost Of Living In Cities Around Lowes Island
The cost of living varies in the cities and towns around Lowes Island. Here's a quick look at the cost of living in the most populous nearby places:
Olney, MD has a cost of living index of 150, 0.9x Lowes Island.
Sterling, VA has a cost of living index of 132, 0.8x Lowes Island.
Clarksburg, MD has a cost of living index of 153, 0.9x Lowes Island.
| City | Population | Cost Of Living | Vs. Lowes Island |
|---|---|---|---|
| Olney, MD | 35,815 | 150 | 0.9x |
| Sterling, VA | 31,202 | 132 | 0.8x |
| Clarksburg, MD | 27,354 | 153 | 0.9x |
| North Potomac, MD | 24,449 | 167 | 1.0x |
| Great Falls, VA | 14,690 | 238 | 1.5x |
| Kemp Mill, MD | 14,509 | 141 | 0.9x |
| Colesville, MD | 14,468 | 140 | 0.9x |
| Sugarland Run, VA | 12,928 | 137 | 0.8x |
| Cascades, VA | 12,509 | 150 | 0.9x |
| Dranesville, VA | 11,951 | 165 | 1.0x |
