The Truth About the Cost of Living in Virginia

Just how high is Virginia's cost of living? How does it compare to California, New York, Tennessee and the US as a whole? Here we pull numbers on the cost of living in Virginia and see how the state stacks up against the rest of the country. You might be surprised to learn where Virginia stands as a whole, as well as just how inexpensive it is to live in the southwest corner of the state.

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Scott & Kim Henninger with The Home Team
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Brokered by exp Realty
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[churchofpos]

Virginia's cost of living is lower than a lot of states. It just depends on what part. The closer to DC you get, the higher the cost. If you like rural areas, Southwest Virginia and the area near Richlands are lower.
I did look into moving to Tennessee, but the property taxes were too high. What people do not realize is in the Tennessee that there is no income tax, but make up for it in sales tax and property tax.

[SnakeBiteWelding]

How is westen area of virginia? It seems very rural and wonder if the taxes are still high? Im most concerned about property/school taxes

[audreygregis]

This makes sooo much sense. When I lived in York, PA....there were 17 school districts in York Co, each having their own milage rates. Because I always chose to live in a low milage rate area, my taxes and cost of living were way less. We can't look at things as a blanket, rather the area within the state.

[iwonabury]

We are living in MN for last 40 years. Thinking about moving to TN . Red state, mild Winters and lower cost of living. Thank you for many great information's on your presentations on TN.

[RandallRingwald-bwcr]

I was told about personal property taxes in Virginia. Being a life long North East Tennesseean, I'm somewhat ignorant of what is taxed and how much? Thanks

[carsmusicfan]

Wonderful breakdown. Curious if real estate taxes get stepped up when a home sale closes. Seems like some properties have unusually low taxes if they've been owned for a long time. Also, what's the sales tax on a new or used car.? Nice to know that there's no ongoing personal property tax like here in Virginia. Any real benefits to being inside city limits Vs county homes considering the 40% higher property tax?