Cost of living in Woodstock 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 Woodstock 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 Woodstock is 98, with 100 being the average.
The cost of living index in Woodstock is 1.0x lower than the national average.
Woodstock ranks as the #43 cheapest in Virginia out of 186.
Woodstock ranks as the #2,890 cheapest out of 6,412 in the US.
The median home value in Woodstock is $226,100.
The median income in Woodstock is $61,210.
According to the most recent data on the cost of living, Woodstock has an overall cost of living index of 98, which is 1.0x lower than the national index of 100.
Compared to Virginia, Woodstock has a cost of living index that's 1.0x lower than Virginia's index of 102.
The standard of living in Woodstock ranks as #43 most affordable out of the 186 places we measured in Virginia. By definition, that implies Woodstock ranks as the #143 most expensive place in the Old Dominion.
For more reading on life in Woodstock, check out:
Six factors go into calculating the cost of living index in Woodstock. Here is how it fairs on each of the criteria:
The Services index in Woodstock is 100.
The Groceries index in Woodstock is 96.
The Health index in Woodstock is 103.
The Housing index in Woodstock is 98.
The Transportation index in Woodstock is 93.
The Utilities index in Woodstock is 101.
Living Expense | Woodstock | Virginia | National Average | |
---|---|---|---|---|
Overall | 98 | 102 | 100 | |
Services | 100 | 102 | 100 | |
Groceries | 96 | 98 | 100 | |
Health | 103 | 102 | 100 | |
Housing | 98 | 107 | 100 | |
Transportation | 93 | 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 Woodstock is $226,100.
The Median Rent in Woodstock is $1,006.
The Median Income in Woodstock is $61,210.
The Home Value To Income in Woodstock is 3.7x.
The Rent To Monthly Income in Woodstock is 0.2x.
Statistic | Woodstock | Virginia | United States |
---|---|---|---|
Median Home Value | $226,100 | $295,500 | $244,900 |
Median Rent | $1,006 | $1,326 | $1,163 |
Median Income | $61,210 | $80,615 | $69,021 |
Home Value To Income | 3.7x | 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 Woodstock. Here's a quick look at the cost of living in the most populous nearby places:
Harrisonburg, VA has a cost of living index of 100, 1.0x Woodstock.
Winchester, VA has a cost of living index of 101, 1.0x Woodstock.
Martinsburg, WV has a cost of living index of 96, 1.0x Woodstock.
City | Population | Cost Of Living | Vs. Woodstock |
---|---|---|---|
Harrisonburg, VA | 52,062 | 100 | 1.0x |
Winchester, VA | 28,194 | 101 | 1.0x |
Martinsburg, WV | 18,502 | 96 | 1.0x |
Gainesville, VA | 17,081 | 145 | 1.5x |
Front Royal, VA | 15,039 | 97 | 1.0x |
New Baltimore, VA | 11,517 | 141 | 1.4x |
Warrenton, VA | 10,002 | 115 | 1.2x |
Purcellville, VA | 8,910 | 131 | 1.3x |
Strasburg, VA | 7,036 | 97 | 1.0x |