Housing costs in Fredericksburg?
A typical home costs
$401,500, which is 18.8% more expensive than the national average of
$338,100 and 17.0% more expensive than the average Virginia home, at
$343,200. Renting a two-bedroom unit in Fredericksburg costs
$1,480 per month, which is 5.7% more than the national average of
$1,400 and 23.0% cheaper than the state average of
$1,820.
Can I afford Fredericksburg?
To live comfortably in Fredericksburg (zip 22405), Virginia, a minimum annual income of
$77,040 for a family, and
$52,000 for a single person is recommended.
What does A.I. say about Fredericksburg?
The cost of living in 22405 Fredericksburg, VA is quite reasonable compared to surrounding areas. According to the Cost of Living Index, it has a score of 102.1 which is slightly higher than the national average of 100. However, this is still considered very affordable for those looking for an affordable place to live with access to amenities and activities. The median home value in Fredericksburg is $246,600, which is significantly lower than the Virginia median home value which sits at $308,400. Additionally, groceries are about 6% lower than the national average and utilities are 4% lower than the national average. All these factors combined make Fredericksburg an attractive option for people looking for an affordable place to live with plenty of amenities nearby.