Cost of Living in Alexandria, VA

Housing

The housing market plays a significant role in determining the cost of living in Alexandria, VA.

• Housing Index: 136.0 / 100
• Median Home Price is: $504400
• Average Rent (2 BR Apartment): $2400 per month
• Average Rent (2 BR House): $2450 per month

In Alexandria, VA, the housing industry presents a housing index of 136.0, indicating higher-than-average costs relative to the national baseline. With a median home price hovering around 504400, securing a property here may necessitate a substantial financial commitment. Additionally, renting options are not significantly cheaper, with an average rent for a 2-bedroom apartment at 2400 and for a house at 2450. Considering these figures, potential movers should carefully weigh their budget options and overall lifestyle in relation to the financial requirements of residing in this area.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Alexandria, VA.

• Electricity Price: 15.31 USD (median by state)
• Natural Gas Price: $19.91 USD per Thousand Cubic Feet (median by state)
• Other Utilities (water, garbage, etc.): $280 per month

Living in Alexandria, VA could entail higher utility costs. Electricity costs sit at 15.31, while natural gas is priced at 19.91 per Thousand Cubic Feet—both aligning with state medians. Expect to budget about 280 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Bethlehem is a financially viable option for your relocation.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 128.4

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $113179

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

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Summary

When considering a move to Alexandria, VA, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.