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Cost of Living in Bailey's Crossroads, VA

Population 24,271 · Census ACS 2020–2024 5-year estimates

Median rent$2,021
Median home value$416,600
Median household income$88,483

The median rent in Bailey's Crossroads, VA is $2,021/month, 28% higher than the Virginia median and 43% higher than the U.S. median. The median home value is $416,600, 25% higher than the national median. Households earn a median of $88,483 a year, 5% lower than the state median.

Affordability

Rent as a share of median income: 27.4%
Income needed for median rent (30% rule): $80,840/yr
Home price-to-income ratio: 4.7×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $2,107/mo

Run your own numbers: mortgage calculator · hourly to salary

Bailey's Crossroads vs. Virginia vs. U.S.

Bailey's CrossroadsVirginiaU.S.
Median rent$2,021$1,579$1,413
Median home value$416,600$383,700$332,700
Median household income$88,483$93,170$80,734
Homeownership rate48.0%67.3%65.2%
Bachelor's degree or higher45.3%42.2%35.7%
Poverty rate22.5%9.9%12.5%
Unemployment rate8.1%4.3%5.2%
Work from home19.1%18.3%15.1%
Median age36.939.038.9

FAQ

What is the average rent in Bailey's Crossroads, VA?

The median gross rent in Bailey's Crossroads, VA is $2,021 per month (ACS 2020–2024 5-year estimate).

How much do I need to earn to live in Bailey's Crossroads, VA?

Using the common 30% rule, renting a median-priced home takes about $80,840 a year in gross income.

Is Bailey's Crossroads, VA expensive to live in?

Rent there is 43% higher than the U.S. median, and the median home costs about 4.7 times the median household income.

Other cities in Virginia

Virginia Beach, VARent $1,714 · Income $92,968Chesapeake, VARent $1,586 · Income $95,373Arlington, VARent $2,322 · Income $142,114Norfolk, VARent $1,321 · Income $66,109Richmond, VARent $1,372 · Income $64,587Newport News, VARent $1,339 · Income $69,634

Cities with a similar cost of living

Ontario, CARent $2,030 · Income $88,941Boulder, CORent $2,018 · Income $87,493Kihei, HIRent $2,045 · Income $87,772Cutler Bay, FLRent $1,978 · Income $89,244Imperial Beach, CARent $2,011 · Income $86,111Fresno, TXRent $2,028 · Income $91,264

Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

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