Stafford, Virginia On the Capitol Edge
An interactive guide to Doing Business in Stafford County. On the Capitol Edge

About Stafford

Step One: Getting Started

Step Two: Operation

Step Three: Business Plan

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About Stafford: Cost of Living

In 2003, Stafford County's per capita personal income was $30,178. The average for Virginia was $33,730 and for the U.S. was $31,472. Per capita income in Stafford County grew by 12.0% between 1993 and 2003 (adjusted for inflation). The Median Household Income for Stafford County in 2003 was $75,456. The National average at that same time was $43,318.

People & Income Overview:
Stafford County
Value
Rank in U.S.
Population (2005)
117,874
484
Growth (%) since 1990
89.3%
63
Households (2000)
30,187
643
Labor Force (persons) (2005)
59,393
483
Unemployment Rate (2005)
2.4
3122
Per Capita Personal Income (2003)
$30,178
405
Median Household Income (2003)
$75,456
13
Poverty Rate (2003)
5.0
3103
H.S. Diploma or More -% of Adults 25+ (2000)
88.6
195
Bachelor's Degree or More - % of Adults 25+ (2000)
29.6
218

(Sources for all of the above: U.S. Dept. of Commerce, Bureau of Economic Analysis, April 2005; STATS Indiana, December 2005; U.S. Census Bureau News Release, August 2004)

Cost of Living Comparison

Realtor.com maintains a salary calculator that will allow you to determine how the cost of living in Stafford compares to other counties and cities within Virginia and around the United States. To access this calculator, click here.

What is $100,000 worth in Stafford County vs. other places in America?

$100,000 in Stafford County would have the same purchasing power as the amounts listed below in the corresponding cities.

Honolulu, HI $ 49,506
Chicago, IL $ 56,083
Fairfax, VA $ 62,992
Alexandria, VA $ 65,088
Washington, DC $ 67,586
Orlando, FL $ 84,961
Atlanta, GA $ 88,506
Raleigh, NC $ 97,692
Phoenix, AZ $102,524
Bangor, ME $104,206
Biloxi, MI $110,292
Providence, RI

$113,116

Birmingham, AL $121,012
Little Rock, AK $126,944

Source: Stafford-County-real-estate.com, 2006

Stafford County Housing Costs

Homes Sold in Stafford County

The figures below represent SOLD statistics for homes in Stafford with 4 bedrooms, 2 full baths and a 2 car garage.

2003
Low price sold - $210,000
High price sold - $415,000
Average price sold - $315,379

2004
Low price sold - $235,000
High price sold - $440,000
Average price sold - $363,328

2005
Low price sold - $424,900
High price sold - $739,000
Average price sold - $543,022

Town Homes sold in Stafford County

The figures below represent SOLD statistics for town homes in Stafford with 3 bedrooms, 2 full baths.

2003
Low price sold - $109,900
High price sold - $208,000
Average price sold - $167,292

2004
Low price sold - $165,000
High price sold - $259,000
Average price sold - $224,461

2005
Low price sold - $228,000
High price sold - $405,000
Average price sold - $310,252

Source: Stafford-County-real-estate.com, 2006

Additional information on determining Cost of Living may be found at:

The University of Michigan Documents Center

U.S. Department of Labor, CPI Index Home Page

U.S. Census Bureau, Metropolitan Statistical Area Home Page

U.S. Department of Commerce, Bureau of Economic Analysis


 

 


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© 2004 Center for Entrepreneurial Development, Community College Workforce Alliance and the County of Stafford, Virginia.  All rights reserved.  May not be reproduced by any third party.