Cost of Living in Hopewell, VA
Population 22,959 · Census ACS 2020–2024 5-year estimates
The median rent in Hopewell, VA is $1,106/month, 30% lower than the Virginia median and 22% lower than the U.S. median. The median home value is $181,600, 45% lower than the national median. Households earn a median of $54,729 a year, 41% lower than the state median.
Affordability
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Hopewell vs. Virginia vs. U.S.
| Hopewell | Virginia | U.S. | |
|---|---|---|---|
| Median rent | $1,106 | $1,579 | $1,413 |
| Median home value | $181,600 | $383,700 | $332,700 |
| Median household income | $54,729 | $93,170 | $80,734 |
| Homeownership rate | 57.9% | 67.3% | 65.2% |
| Bachelor's degree or higher | 13.7% | 42.2% | 35.7% |
| Poverty rate | 21.8% | 9.9% | 12.5% |
| Unemployment rate | 9.2% | 4.3% | 5.2% |
| Work from home | 11.6% | 18.3% | 15.1% |
| Median age | 37.5 | 39.0 | 38.9 |
FAQ
What is the average rent in Hopewell, VA?
The median gross rent in Hopewell, VA is $1,106 per month (ACS 2020–2024 5-year estimate).
How much do I need to earn to live in Hopewell, VA?
Using the common 30% rule, renting a median-priced home takes about $44,240 a year in gross income.
Is Hopewell, VA expensive to live in?
Rent there is 22% lower than the U.S. median, and the median home costs about 3.3 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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