Cost of Living in Blacksburg, VA
Population 45,446 · Census ACS 2020–2024 5-year estimates
The median rent in Blacksburg, VA is $1,359/month, 14% lower than the Virginia median and 4% lower than the U.S. median. The median home value is $446,300, 34% higher than the national median. Households earn a median of $50,182 a year, 46% lower than the state median.
Affordability
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Blacksburg vs. Virginia vs. U.S.
| Blacksburg | Virginia | U.S. | |
|---|---|---|---|
| Median rent | $1,359 | $1,579 | $1,413 |
| Median home value | $446,300 | $383,700 | $332,700 |
| Median household income | $50,182 | $93,170 | $80,734 |
| Homeownership rate | 35.8% | 67.3% | 65.2% |
| Bachelor's degree or higher | 69.2% | 42.2% | 35.7% |
| Poverty rate | 42.7% | 9.9% | 12.5% |
| Unemployment rate | 3.1% | 4.3% | 5.2% |
| Work from home | 18.2% | 18.3% | 15.1% |
| Median age | 21.9 | 39.0 | 38.9 |
FAQ
What is the average rent in Blacksburg, VA?
The median gross rent in Blacksburg, VA is $1,359 per month (ACS 2020–2024 5-year estimate).
How much do I need to earn to live in Blacksburg, VA?
Using the common 30% rule, renting a median-priced home takes about $54,360 a year in gross income.
Is Blacksburg, VA expensive to live in?
Rent there is 4% lower than the U.S. median, and the median home costs about 8.9 times the median household income.
Other cities in Virginia
Cities with a similar cost of living
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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