Cost of living in North Springfield 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 North Springfield 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 North Springfield is 143, with 100 being the average.
The cost of living index in North Springfield is 1.4x higher than the national average.
North Springfield ranks as the #131 cheapest in Virginia out of 186.
North Springfield ranks as the #5,677 cheapest out of 6,412 in the US.
The median home value in North Springfield is $506,700.
The median income in North Springfield is $117,467.
According to the most recent data on the cost of living, North Springfield has an overall cost of living index of 143, which is 1.4x higher than the national index of 100.
Compared to Virginia, North Springfield has a cost of living index that's 1.4x higher than Virginia's index of 102.
The standard of living in North Springfield ranks as #131 most affordable out of the 186 places we measured in Virginia. By definition, that implies North Springfield ranks as the #55 most expensive place in the Old Dominion.
For more reading on life in North Springfield, check out:
Six factors go into calculating the cost of living index in North Springfield. Here is how it fairs on each of the criteria:
The Services index in North Springfield is 116.
The Groceries index in North Springfield is 122.
The Health index in North Springfield is 96.
The Housing index in North Springfield is 216.
The Transportation index in North Springfield is 102.
The Utilities index in North Springfield is 95.
Living Expense | North Springfield | Virginia | National Average | |
---|---|---|---|---|
Overall | 143 | 102 | 100 | |
Services | 116 | 102 | 100 | |
Groceries | 122 | 98 | 100 | |
Health | 96 | 102 | 100 | |
Housing | 216 | 107 | 100 | |
Transportation | 102 | 95 | 100 | |
Utilities | 95 | 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 North Springfield is $506,700.
The Median Rent in North Springfield is $2,057.
The Median Income in North Springfield is $117,467.
The Home Value To Income in North Springfield is 4.3x.
The Rent To Monthly Income in North Springfield is 0.21x.
Statistic | North Springfield | Virginia | United States |
---|---|---|---|
Median Home Value | $506,700 | $295,500 | $244,900 |
Median Rent | $2,057 | $1,326 | $1,163 |
Median Income | $117,467 | $80,615 | $69,021 |
Home Value To Income | 4.3x | 3.7x | 3.5x |
Rent To Monthly Income | 0.21x | 0.2x | 0.2x |
Item | North Springfield | Virginia |
---|---|---|
Shampoo | $1.0 | $1.06 |
Movie | $13.15 | $10.68 |
Bowling | $22.0 | $14.67 |
Haircut | $26.08 | $18.62 |
Beauty Salon | $63.44 | $39.05 |
Item | North Springfield | Virginia |
---|---|---|
Ground Beef | $4.79 | $4.22 |
Fried Chicken | $1.59 | $1.39 |
Milk | $2.61 | $2.05 |
Potatoes | $4.46 | $3.29 |
Pizza | $11.99 | $10.62 |
Beer | $11.41 | $9.38 |
Toothpaste | $3.19 | $2.34 |
Item | North Springfield | Virginia |
---|---|---|
Optometrist | $90.67 | $108.57 |
Doctor | $103.89 | $116.17 |
Dentist | $99.0 | $99.13 |
Item | North Springfield | Virginia |
---|---|---|
Gasoline | $2.3 | $2.22 |
Tire Balancing | $52.0 | $50.07 |
Item | North Springfield | Virginia |
---|---|---|
All Electricity | $160.85 | $167.67 |
Phone | $177.97 | $175.64 |
The cost of living varies in the cities and towns around North Springfield. 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, 1.3x North Springfield.
Burke, VA has a cost of living index of 154, 1.1x North Springfield.
Annandale, VA has a cost of living index of 143, 1.0x North Springfield.
City | Population | Cost Of Living | Vs. North Springfield |
---|---|---|---|
Bethesda, MD | 66,294 | 192 | 1.3x |
Burke, VA | 44,191 | 154 | 1.1x |
Annandale, VA | 41,869 | 143 | 1.0x |
Springfield, VA | 31,769 | 141 | 1.0x |
West Springfield, VA | 23,562 | 147 | 1.0x |
Lincolnia, VA | 20,704 | 146 | 1.0x |
Franklin Farm, VA | 18,906 | 167 | 1.2x |
Franconia, VA | 18,310 | 142 | 1.0x |
Kemp Mill, MD | 14,509 | 141 | 1.0x |
Wakefield, VA | 11,534 | 172 | 1.2x |