Cost of Living in Fredericksburg, VA
Population 28,873 · Census ACS 2020–2024 5-year estimates
The median rent in Fredericksburg, VA is $1,619/month, 3% higher than the Virginia median and 15% higher than the U.S. median. The median home value is $483,700, 45% higher than the national median. Households earn a median of $86,071 a year, 8% lower than the state median.
Affordability
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Fredericksburg vs. Virginia vs. U.S.
| Fredericksburg | Virginia | U.S. | |
|---|---|---|---|
| Median rent | $1,619 | $1,579 | $1,413 |
| Median home value | $483,700 | $383,700 | $332,700 |
| Median household income | $86,071 | $93,170 | $80,734 |
| Homeownership rate | 39.7% | 67.3% | 65.2% |
| Bachelor's degree or higher | 46.1% | 42.2% | 35.7% |
| Poverty rate | 13.2% | 9.9% | 12.5% |
| Unemployment rate | 5.1% | 4.3% | 5.2% |
| Work from home | 16.9% | 18.3% | 15.1% |
| Median age | 32.1 | 39.0 | 38.9 |
FAQ
What is the average rent in Fredericksburg, VA?
The median gross rent in Fredericksburg, VA is $1,619 per month (ACS 2020–2024 5-year estimate).
How much do I need to earn to live in Fredericksburg, VA?
Using the common 30% rule, renting a median-priced home takes about $64,760 a year in gross income.
Is Fredericksburg, VA expensive to live in?
Rent there is 15% higher than the U.S. median, and the median home costs about 5.6 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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