Cost of Living in Lake of the Woods, VA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
162.4
100 = national avg
+62.4 vs national average
Living Wage (1 Adult)
$71,452
per year
Living Wage (Family of 4)
$168,886
per year
Cost Index by Category
Housing181.3
Food136.3
Transportation172.6
Healthcare129.0
Utilities138.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,012
per month
2 Bedroom
$1,234
per month
The overall cost of living index in Lake of the Woods is 162.4, which is 62.4% above the national average. Housing costs are above the national average at an index of 181.3. A single adult needs to earn approximately $71,452 per year to cover basic expenses.