Cost of living in Montclair 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 Montclair 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 Montclair is 136, with 100 being the average.
The cost of living index in Montclair is 1.4x higher than the national average.
Montclair ranks as the #113 cheapest in Virginia out of 186.
Montclair ranks as the #5,458 cheapest out of 6,412 in the US.
The median home value in Montclair is $437,500.
The median income in Montclair is $135,987.
According to the most recent data on the cost of living, Montclair has an overall cost of living index of 136, which is 1.4x higher than the national index of 100.
Compared to Virginia, Montclair has a cost of living index that's 1.3x higher than Virginia's index of 102.
The standard of living in Montclair ranks as #113 most affordable out of the 186 places we measured in Virginia. By definition, that implies Montclair ranks as the #73 most expensive place in the Old Dominion.
For more reading on life in Montclair, check out:
Six factors go into calculating the cost of living index in Montclair. Here is how it fairs on each of the criteria:
The Services index in Montclair is 108.
The Groceries index in Montclair is 121.
The Health index in Montclair is 105.
The Housing index in Montclair is 206.
The Transportation index in Montclair is 101.
The Utilities index in Montclair is 99.
Living Expense | Montclair | Virginia | National Average | |
---|---|---|---|---|
Overall | 136 | 102 | 100 | |
Services | 108 | 102 | 100 | |
Groceries | 121 | 98 | 100 | |
Health | 105 | 102 | 100 | |
Housing | 206 | 107 | 100 | |
Transportation | 101 | 95 | 100 | |
Utilities | 99 | 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 Montclair is $437,500.
The Median Rent in Montclair is $2,252.
The Median Income in Montclair is $135,987.
The Home Value To Income in Montclair is 3.2x.
The Rent To Monthly Income in Montclair is 0.2x.
Statistic | Montclair | Virginia | United States |
---|---|---|---|
Median Home Value | $437,500 | $295,500 | $244,900 |
Median Rent | $2,252 | $1,326 | $1,163 |
Median Income | $135,987 | $80,615 | $69,021 |
Home Value To Income | 3.2x | 3.7x | 3.5x |
Rent To Monthly Income | 0.2x | 0.2x | 0.2x |
The cost of living varies in the cities and towns around Montclair. Here's a quick look at the cost of living in the most populous nearby places:
Alexandria, VA has a cost of living index of 150, 1.1x Montclair.
Lake Ridge, VA has a cost of living index of 128, 0.9x Montclair.
Burke, VA has a cost of living index of 154, 1.1x Montclair.
City | Population | Cost Of Living | Vs. Montclair |
---|---|---|---|
Alexandria, VA | 158,185 | 150 | 1.1x |
Lake Ridge, VA | 44,697 | 128 | 0.9x |
Burke, VA | 44,191 | 154 | 1.1x |
Cherry Hill, VA | 22,118 | 124 | 0.9x |
Burke Centre, VA | 18,113 | 143 | 1.1x |
Fort Hunt, VA | 16,322 | 180 | 1.3x |
Kings Park West, VA | 13,812 | 158 | 1.2x |
Newington Forest, VA | 12,641 | 144 | 1.1x |
Triangle, VA | 10,868 | 132 | 1.0x |
Lake Barcroft, VA | 10,682 | 164 | 1.2x |