Cost of Living in Lake Caroline, VA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
137.5
100 = national avg
+37.5 vs national average
Living Wage (1 Adult)
$60,499
per year
Living Wage (Family of 4)
$142,997
per year
Cost Index by Category
Housing159.4
Food117.4
Transportation134.9
Healthcare113.9
Utilities122.3
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,021
per month
2 Bedroom
$1,246
per month
The overall cost of living index in Lake Caroline is 137.5, which is 37.5% above the national average. Housing costs are above the national average at an index of 159.4. A single adult needs to earn approximately $60,499 per year to cover basic expenses.