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Cost of Living in Burke, VA

Population 44,029 · Census ACS 2020–2024 5-year estimates

Median rent$2,894
Median home value$747,700
Median household income$185,818

The median rent in Burke, VA is $2,894/month, 83% higher than the Virginia median and 105% higher than the U.S. median. The median home value is $747,700, 125% higher than the national median. Households earn a median of $185,818 a year, 99% higher than the state median.

Affordability

Rent as a share of median income: 18.7%
Income needed for median rent (30% rule): $115,760/yr
Home price-to-income ratio: 4.0×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $3,781/mo

Run your own numbers: mortgage calculator · hourly to salary

Burke vs. Virginia vs. U.S.

BurkeVirginiaU.S.
Median rent$2,894$1,579$1,413
Median home value$747,700$383,700$332,700
Median household income$185,818$93,170$80,734
Homeownership rate89.5%67.3%65.2%
Bachelor's degree or higher68.5%42.2%35.7%
Poverty rate3.2%9.9%12.5%
Unemployment rate5.6%4.3%5.2%
Work from home30.0%18.3%15.1%
Median age40.639.038.9

FAQ

What is the average rent in Burke, VA?

The median gross rent in Burke, VA is $2,894 per month (ACS 2020–2024 5-year estimate).

How much do I need to earn to live in Burke, VA?

Using the common 30% rule, renting a median-priced home takes about $115,760 a year in gross income.

Is Burke, VA expensive to live in?

Rent there is 105% higher than the U.S. median, and the median home costs about 4.0 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

Merrick, NYRent $2,919 · Income $185,740Fremont, CARent $2,933 · Income $181,506Hoboken, NJRent $2,938 · Income $180,579Brentwood, TNRent $2,825 · Income $182,088Sunnyvale, CARent $3,039 · Income $186,170Granite Bay, CARent $2,740 · Income $184,606

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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