Cost of Living in Arcola, VA

With a cost of living index of 164, Arcola, VA is one of the most expensive cities in the United States. Living here is 64% more expensive than the national average and 59% above the Virginia state average of 104. Arcola is a small community of 2,858 residents.

Housing costs are the biggest factor in Arcola's cost of living. The median monthly rent is $2,508 (90% above the US median of $1,319), and the median home value sits at $602,700 (98% above the national median of $304,900). At current prices, the median home costs roughly 4.5x the median household income — a moderately affordable ratio by today's standards.

The median household income in Arcola is $133,992, which is 78% higher than the national median of $75,149. Residents spend roughly 22% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. While incomes are above average, they more than offset the higher cost of living.

Everyday prices in the Washington-Arlington-Alexandria, DC-VA-MD-WV (Metropolitan Statistical Area) metro area tend to run above the national average. Out of 6 common grocery and utility items tracked by the Bureau of Labor Statistics, 6 are priced higher than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.