Franconia, VA Cost Of Living
Cost Of Living In Franconia, VA Summary
Cost of living in Franconia research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Franconia is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Virginia, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Franconia is 142, with 100 being the average.
The cost of living index in Franconia is 1.4x higher than the national average.
Franconia ranks as the #128 cheapest in Virginia out of 186.
Franconia ranks as the #5,646 cheapest out of 6,412 in the US.
The median home value in Franconia is $453,700.
The median income in Franconia is $131,028.
Table Of Contents
Franconia's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Franconia, VA?
According to the most recent data on the cost of living, Franconia has an overall cost of living index of 142, which is 1.4x higher than the national index of 100.
Compared to Virginia, Franconia has a cost of living index that's 1.4x higher than Virginia's index of 102.
The standard of living in Franconia ranks as #128 most affordable out of the 186 places we measured in Virginia. By definition, that implies Franconia ranks as the #58 most expensive place in the Old Dominion.
For more reading on life in Franconia, check out:
- Living In Franconia
- Search Homes For Sale In Franconia, VA
In Virginia
In America
Franconia Cost Of Living Vs. Virginia
Six factors go into calculating the cost of living index in Franconia. Here is how it fairs on each of the criteria:
The Services index in Franconia is 105.
The Groceries index in Franconia is 118.
The Health index in Franconia is 103.
The Housing index in Franconia is 214.
The Transportation index in Franconia is 100.
The Utilities index in Franconia is 97.
| Living Expense | Franconia | Virginia | National Average | |
|---|---|---|---|---|
| Overall | 142 | 102 | 100 | |
| Services | 105 | 102 | 100 | |
| Groceries | 118 | 98 | 100 | |
| Health | 103 | 102 | 100 | |
| Housing | 214 | 107 | 100 | |
| Transportation | 100 | 95 | 100 | |
| Utilities | 97 | 102 | 100 | |
Franconia, VA Housing Cost Breakdown
Housing swings affordability the most between places in Virginia, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Franconia is $453,700.
The Median Rent in Franconia is $2,166.
The Median Income in Franconia is $131,028.
The Home Value To Income in Franconia is 3.5x.
The Rent To Monthly Income in Franconia is 0.2x.
| Statistic | Franconia | Virginia | United States |
|---|---|---|---|
| Median Home Value | $453,700 | $295,500 | $244,900 |
| Median Rent | $2,166 | $1,326 | $1,163 |
| Median Income | $131,028 | $80,615 | $69,021 |
| Home Value To Income | 3.5x | 3.7x | 3.5x |
| Rent To Monthly Income | 0.2x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Franconia, VA Costs By Category
Detailed Franconia Services Costs Vs. Virginia
Detailed Franconia Groceries Costs Vs. Virginia
Detailed Franconia Health Costs Vs. Virginia
Detailed Franconia Transportation Costs Vs. Virginia
Detailed Franconia Utilities Costs Vs. Virginia
Franconia SnackAbility
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Cost Of Living In Cities Around Franconia
The cost of living varies in the cities and towns around Franconia. Here's a quick look at the cost of living in the most populous nearby places:
Bethesda, MD has a cost of living index of 192, 1.4x Franconia.
Potomac, MD has a cost of living index of 198, 1.4x Franconia.
Springfield, VA has a cost of living index of 141, 1.0x Franconia.
| City | Population | Cost Of Living | Vs. Franconia |
|---|---|---|---|
| Bethesda, MD | 66,294 | 192 | 1.4x |
| Potomac, MD | 46,891 | 198 | 1.4x |
| Springfield, VA | 31,769 | 141 | 1.0x |
| West Springfield, VA | 23,562 | 147 | 1.0x |
| Lincolnia, VA | 20,704 | 146 | 1.0x |
| Franklin Farm, VA | 18,906 | 167 | 1.2x |
| Kingstowne, VA | 18,369 | 143 | 1.0x |
| Groveton, VA | 14,402 | 138 | 1.0x |
| Newington, VA | 13,419 | 140 | 1.0x |
| Dranesville, VA | 11,951 | 165 | 1.2x |
