In terms of salary, according to EPI, a typical household (two adults and two children) in Fairfax County would need $9,509 a month or $114,105 a year to live comfortably. Their calculator accounts for housing, food, child care, transportation, taxes, other necessities, and healthcare costs.
What is a good salary to live in Virginia?
Virginia is one of the most expensive states in America, according to the Economic Policy Institute. The cheapest metro area to live in is Richmond at about $83,000 a year, while you need to earn over $110,000 a year to live in many parts of Fairfax and Loudon Counties.
What is the average cost of living in Northern Virginia?
Residents of Fairfax County need to make $4,754 every month to maintain a modest standard of living, making it the most expensive place to live in Virginia.
What is considered middle class in Northern Virginia?
Northern Virginia’s middle class includes people with incomes from $43,950 to $131,380, according to Pew. On the other end, the area around Blacksburg and Radford have the lowest income range that qualifies for middle-class status, with a range of $32,658 to $97,974 a year.
What is considered rich in Northern VA?
In Virginia, you’ll need to earn $584,000 or more to be considered ‘rich’.
What is a comfortable salary in Virginia?
How much money do you need to live comfortably in Virginia? According to livingwage.mit.edu, a living wage calculator based at MIT, you’ll need a salary of at least $26,631 if you have no children. If you are one adult with two children, you’ll need $61,780 after taxes.
Is Northern VA a good place to live?
In short, Northern Virginia is a great place to live and work. From the historic charm of Alexandria to the diverse and thriving community of Annandale, these cities in Northern Virginia near D.C. strike the perfect balance between suburban sleepiness and urban action.
Is it cheaper to live in California or Virginia?
California is 8.8% more expensive than Virginia.
How much money do you need to make to live comfortably?
In a 2021 modern wealth survey, Americans told Charles Schwab that they need an average net worth of $934,000 to be financially comfortable. Another survey by Personal Capital says that Americans believe that they need to save an average of $516,000 to maintain financial health.
What is the cheapest state to live in?
Mississippi
Mississippi. Mississippi is the cheapest state to live in in the United States. Overall, costs in the state are 17% lower than the national average. Housing costs in Mississippi are the lowest in the nation.
What is considered Upper Class in Virginia?
While ZipRecruiter is seeing salaries as high as $94,449 and as low as $19,085, the majority of salaries within the Upper Class jobs category currently range between $37,191 (25th percentile) to $64,106 (75th percentile) with top earners (90th percentile) making $78,298 annually in Virginia.
What salary is Upper Class?
An upper class income is usually considered at least 50% higher than the median household income. Therefore, an upper class income in America is $100,000 and higher. However, an upper class income also depends on where you live.
Is Northern Virginia wealthy?
As it does in many other such rankings, Northern Virginia fared well – filling three of the top four slots and four of the top seven. “The richest counties in the U.S. also tend to be the most expensive counties,” Kiplinger wrote in the introduction to the rankings.
What is a good salary in Arlington VA?
Annual pay of $67,840 is what it takes for two people to live here comfortably, without kids, childcare costs and the requisite additional bedrooms. Single Arlingtonians, though, have to make $56,221 annually to live comfortably — only $11,619 less than a couple does.
Where do the rich live in Virginia?
List of Virginia locations by per capita income
| Rank | County or City | |
|---|---|---|
| 1 | Arlington | County |
| 2 | Falls Church | City |
| 3 | Alexandria | City |
| 4 | Fairfax | County |
Is cost of living High in Virginia?
The standard of living in Virginia is high, with a cost of living to match; however, taxes are fairly low here. If you’re moving to the state and have questions about the impact on your financial plan, you may want to speak with a financial advisor.
What is Virginia’s cost of living?
Average Cost of Living in Virginia: $42,757 per year.
Is it worth living in Virginia?
From a low crime rate, great quality of healthcare, and a strong economy, it is no surprise that Virginia is one of the best places to live. Surrounded by history and living in the heart of where America began is pretty cool.
What is the most affordable place to live in Northern Virginia?
What is the cheapest city to live in Northern Virginia? Dale City has a median real estate cost of $298,430, which is much lower than the state average of $329,517.
What is the best place to live in Northern Virginia?
- Arlington. Arlington County sits on the border of Washington and Virginia.
- Falls Church. In 2018, Falls Church claimed the top spot as the best “county” to live in the United States, according to 24/7 Wall Street.
- The Old Town of Alexandria.
- Fairfax City.
- Chantilly.
- Loudoun County.
Where should I not live in Virginia?
Here are the 20 worst places to live in Virginia.
- Roanoke, Virginia.
- Franklin, Virginia.
- Portsmouth, Virginia.
- Emporia, Virginia.
- Marion, Virginia.
- Petersburg, Virginia.
- Norfolk, Virginia.
- South Boston, Virginia. According to Richmond Alarm, South Boston is a town in Virginia with a population of just over 8,000 residents.
