Housing costs in Fredericksburg?
A typical home costs
$380,900, which is 12.7% more expensive than the national average of
$338,100 and 11.0% more expensive than the average Virginia home, at
$343,200. Renting a two-bedroom unit in Fredericksburg costs
$1,600 per month, which is 11.9% more than the national average of
$1,430 and 12.5% more than the state average of
$1,400.
Can I afford Fredericksburg?
To live comfortably in Fredericksburg (zip 22408), Virginia, a minimum annual income of
$73,080 for a family, and
$56,000 for a single person is recommended.
What does A.I. say about Fredericksburg?
Fredericksburg, Virginia is an affordable place to live, with a cost of living index that is 6.7% lower than the national average. The median home value in 22408 Fredericksburg, VA is $310,500 and the median rent is $1,550 per month. Living expenses such as groceries and health care are also relatively low compared to the rest of the state. The unemployment rate in Fredericksburg is 4.3%, which is below the national average, giving residents more job opportunities to choose from. In addition, transportation costs are kept low due to nearby access to major highways and rail systems. All in all, living in 22408 Fredericksburg, VA can be done without breaking the bank or sacrificing quality of life.