New York
High tax burden · COL index 139
Wins 3 categories
Virginia
Moderate tax burden · COL index 102
Wins 12 categories
New York's top income tax rate is 10.9% vs Virginia's 5.75%. Cost of living in New York (index 139) runs 36% higher than Virginia (index 102). Property taxes are meaningfully different: New York averages 1.4% annually vs Virginia's 0.74%. The median home in New York costs $470K vs $390K in Virginia.
Taxes
Housing & Cost of Living
Crime & Safety
Healthcare
Education
Childcare
Utilities & Daily Costs
Social Policy
Category wins
3
New York
12
Virginia
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Is it cheaper to live in Virginia or New York?
Cost of Living in Virginia vs New York Looking at New York City, your cost of living will be 57% higher than in Virginia, and homes will cost you 455% more! Gas is over 13% higher in The Big Apple, while healthcare is about 8% higher. Coffee is also higher here: almost 27% more than it costs in Virginia.
What is the downfall of living in Virginia?
Why are New Yorkers moving to Virginia?
Affordability. One of the first and most obvious benefits of moving to Virginia from New York is affordability. Virginia is exceedingly close to the average cost of living in the United States, whereas living in New York City costs over 180% of the national average.
Is $70,000 enough to live in NYC?