Housing costs in Virginia?
A typical home costs
$343,200, which is 1.5% more expensive than the national average of
$338,100 and 0.0% less expensive than the average Virginia home, at
$343,200. Renting a two-bedroom unit in Virginia costs
$1,400 per month, which is 2.1% more than the national average of
$1,430 and close to the state average of
$1,400.
Can I afford Virginia?
To live comfortably in Virginia, a minimum annual income of
$65,880 for a family, and
$48,000 for a single person is recommended.
What does A.I. say about Virginia?
The cost of living in Virginia State is generally moderate. The overall cost of living index is 95.7, which is lower than the national average of 100. Housing costs are affordable, with an index score of 92, and utilities are also reasonable. Groceries and transportation are also reasonably priced compared to other states. The median household income in Virginia is $72,535, which exceeds the national average. Despite its higher median income rate, the state still has an affordable cost of living, making it an attractive place for many people to live and work.