skip to content link

Cost Of Living in Reston, VA

Reston, Virginia, is a vibrant and well-planned community located in Fairfax County, part of the Washington-Arlington-Alexandria metro area. Known for its lush green spaces, diverse amenities, and high quality of life, Reston has become a desirable place to live for many. However, understanding the cost of living in Reston, VA, is crucial for anyone considering making a move to this bustling suburb. This comprehensive guide will explore various aspects of the cost of living in Reston, VA, providing a detailed insight into what residents can expect.

Housing Costs

Housing is typically the most significant expense for residents in Reston. The median home price in Reston is around $658,750, with an average price per square foot of $353. This makes housing in Reston considerably more expensive compared to the national average, reflecting the area’s desirability and economic status. For renters, the average monthly rent for a two-bedroom apartment is approximately $2,451, which is 66% higher than the national average. These high housing costs are a critical factor to consider when evaluating the overall cost of living in Reston, VA.

Utilities

Utility costs in Reston can vary, but on average, residents can expect to pay around $180.84 per month for basic utilities, including electricity, heating, cooling, water, and garbage. This cost is slightly higher than the national average, reflecting the region’s higher overall living expenses. Internet services typically cost around $82.25 per month, depending on the provider and plan. Understanding these costs is essential for accurately budgeting the cost of living in Reston, VA.

Transportation

Transportation costs in Reston include expenses for both public transit and personal vehicles. A one-way ticket on local transport costs about $4.00, and a monthly pass is $130. For those who prefer driving, gasoline prices are around $3.50 per gallon. Additionally, owning a car involves costs such as maintenance, insurance, and taxes. These transportation expenses contribute significantly to the overall cost of living in Reston, VA.

Food and Groceries

Grocery prices in Reston are also higher than the national average. For example, a gallon of milk costs about $4.88, a loaf of bread is $3.50, and a dozen eggs are around $3.95. Dining out is another considerable expense, with a meal at an inexpensive restaurant costing approximately $14.50. These food costs are important to consider when assessing the cost of living in Reston, VA, as they represent a significant portion of monthly expenses.

Healthcare

Healthcare in Reston is generally accessible but comes with its own set of costs. A typical doctor’s visit can cost around $123, and dental visits can be similarly priced. Health insurance premiums vary widely based on the provider and coverage level. Overall, healthcare costs in Reston are somewhat higher than the national average, reflecting the area’s higher cost of living and the quality of medical services available.

Education

Education costs in Reston can be substantial, particularly for private schooling. The average cost for daycare or preschool is about $1,222 per month, while international primary schools can charge up to $30,582 per year. These expenses are critical for families with children and significantly impact the cost of living in Reston, VA.

Childcare

Childcare costs are a major consideration for families in Reston. With daycare and preschool averaging $1,222 per month, the cost is higher than in many other parts of the country. This expense is a crucial part of the overall cost of living in Reston, VA, for families with young children.

Entertainment and Leisure

Residents of Reston enjoy a variety of recreational activities, but these come at a cost. Gym memberships, for example, can range from $30 to $100 per month, depending on the facility and services offered. Additionally, entertainment options such as movies, dining out, and other leisure activities add to the overall cost of living in Reston, VA.

Taxes

Virginia’s general sales tax is slightly higher than the national average at 6%, while the state income tax is relatively lower. Property taxes in Reston are also a significant consideration, especially given the high property values. These taxes contribute to the overall cost of living in Reston, VA, and should be factored into any financial planning.

Income and Salaries

The median household income in Reston is $126,571, significantly higher than the state average. Individual incomes are also robust, with a median of $70,064. These high incomes reflect the affluent nature of the area and help offset the higher cost of living in Reston, VA. Understanding these income levels is essential for evaluating whether one can afford to live comfortably in Reston.

Job Market

Reston boasts a strong job market, with major employers in the technology, healthcare, and government sectors. The unemployment rate in Reston is lower than the national average, reflecting the area’s economic stability. A healthy job market is a crucial factor in maintaining a high standard of living in Reston, VA.

Safety and Security

Safety is a significant consideration for any potential resident. Reston is safer than 34% of U.S. cities, with some neighborhoods being particularly secure. The overall low crime rate contributes to the desirability of living in Reston, VA, despite the higher costs.

Conclusion

Conclusion

In conclusion, the cost of living in Reston, VA, is notably higher than the national average across various categories, including housing, utilities, transportation, and food. However, these costs are balanced by high median incomes and a robust job market. For those who can afford it, Reston offers a high quality of life with excellent amenities, safety, and a vibrant community. If you are planning on moving to Reston, VA, it is essential to consider the relocation process. This is why a moving company in Reston, VA like Royal Movers is important to make your relocation as smooth as possible. With their professional services, you can ensure a hassle-free move, allowing you to focus on settling into your new home and enjoying all that Reston has to offer.