Cost of Living in Lake Ridge, VA
Population 46,049 · Census ACS 2020–2024 5-year estimates
The median rent in Lake Ridge, VA is $2,033/month, 29% higher than the Virginia median and 44% higher than the U.S. median. The median home value is $471,200, 42% higher than the national median. Households earn a median of $127,154 a year, 36% higher than the state median.
Affordability
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Lake Ridge vs. Virginia vs. U.S.
| Lake Ridge | Virginia | U.S. | |
|---|---|---|---|
| Median rent | $2,033 | $1,579 | $1,413 |
| Median home value | $471,200 | $383,700 | $332,700 |
| Median household income | $127,154 | $93,170 | $80,734 |
| Homeownership rate | 76.4% | 67.3% | 65.2% |
| Bachelor's degree or higher | 50.0% | 42.2% | 35.7% |
| Poverty rate | 5.8% | 9.9% | 12.5% |
| Unemployment rate | 4.0% | 4.3% | 5.2% |
| Work from home | 19.9% | 18.3% | 15.1% |
| Median age | 38.0 | 39.0 | 38.9 |
FAQ
What is the average rent in Lake Ridge, VA?
The median gross rent in Lake Ridge, VA is $2,033 per month (ACS 2020–2024 5-year estimate).
How much do I need to earn to live in Lake Ridge, VA?
Using the common 30% rule, renting a median-priced home takes about $81,320 a year in gross income.
Is Lake Ridge, VA expensive to live in?
Rent there is 44% higher than the U.S. median, and the median home costs about 3.7 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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