Cost of Living in Winchester, VA

Housing

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

• Housing Index: 115.0 / 100
• Median Home Price is: $348000
• Average Rent (2 BR Apartment): $1500 per month
• Average Rent (2 BR House): $1600 per month

Analyzing the real estate data for Winchester, VA reveals a housing index of 115.0, indicating a moderately active market. The median home price stands at 348000, which may suggest limited affordability for many buyers. Meanwhile, rental options reflect an average rent of 1500 for a 2-bedroom apartment and 1600 for a 2-bedroom house, showing a competitive rental market. Potential movers should consider their financial capacity as well as their long-term housing plans, noting that these trends echo significant local job growth and amenities typically seen in Winchester.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Winchester, 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.): $250 per month

Living in Winchester, 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 250 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: 110.5

Median Income

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

• Median Income: $62495

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 Winchester, 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.