Cost of Living in Lake Ridge, VA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
180.0
100 = national avg
+80.0 vs national average
Living Wage (1 Adult)
$79,210
per year
Living Wage (Family of 4)
$187,223
per year
Cost Index by Category
Housing224.7
Food142.4
Transportation159.3
Healthcare133.9
Utilities150.4
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$2,015
per month
2 Bedroom
$2,246
per month
The overall cost of living index in Lake Ridge is 180.0, which is 80.0% above the national average. Housing costs are above the national average at an index of 224.7. A single adult needs to earn approximately $79,210 per year to cover basic expenses.