Lake Ridge, VA Cost of Living


3 Reviews



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Lake Ridge cost of living score
125.8
More expensive
25.8% higher
than the US average
20.7% higher
than the Virginia average
Lake Ridge, Virginia gets a BestPlaces Cost of Living score of 125.8, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 25.8% higher than the U.S. average and 20.7% lower than the average for Virginia.

Lake Ridge, VA

Housing costs in Lake Ridge?
A typical home costs $410,900, which is 21.5% more expensive than the national average of $338,100 and 19.7% more expensive than the average Virginia home, at $343,200. Renting a two-bedroom unit in Lake Ridge costs $1,860 per month, which is 30.1% more than the national average of $1,430 and 24.7% more than the state average of $1,400.

Can I afford Lake Ridge?
To live comfortably in Lake Ridge, Virginia, a minimum annual income of $78,840 for a family, and $65,600 for a single person is recommended.

What does A.I. say about Lake Ridge?
The cost of living in Lake Ridge, VA is very reasonable. Housing prices are lower than the national average, and the area has a variety of housing options to meet any budget. Groceries, gas, and other necessities are also priced lower than the national average. Residents have access to a wide range of restaurants, entertainment options, and shopping centers. The overall cost of living in Lake Ridge, VA is quite low compared to many other cities in the United States.
   Cost of living score
     CategoriesLake RidgeVirginiaUnited States
  125.8104.2100.0
  108.999.6100
  104.1103.1100.0
  139.4112.9100.0
  $410,900$343,200$338,100
  99.3%99.3%100.0%
  116.499.4100.0
  145.7113.7100.0

   100=National Average

   Average Rent by Bedroom Size
Reviews for Lake Ridge
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Over 10 years ago

The cost of living in this area is outright ridiculous. I can't wait to move. There is a lot of crime. There is a lot of traffic. The people drive like they are the  More

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Over 12 years ago

Nothing  More

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Over 18 years ago

The cost of living in Lake Ridge is quite high though not as high as the Washington DC area. Washington is about 30 miles from Lake Ridge and easily accessible by  More

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