Cost of Living and Taxes

Cost of Living

 

Index Abingdon Virginia National
Cost of Living index 85 97 100
Goods & Services index 91 99 100
Groceries index 101 95 100
Health Care index 105 99 100
Housing index 62 95 100
Transportation index 92 97 100
Utilities index 101 101 100

 

  • The cost of living in Abingdon is 12.5% less than the Virginia average.
  • The cost of living in Abingdon is 14.9% less than the national average.
  • Each cost of living index is based upon a national average of 100.  If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.

 

Taxes

 

  • Real Estate- $0.28 per $100 of assessed value
  • Personal Property- $0.55 per $100 of assessed value
  • Machinery & Tools- $0.55 per $100 of assessed value
  • Meals & Lodging- $0.07 per $1.00