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Cost of Living in McNair, VA

Population 22,655 · Census ACS 2020–2024 5-year estimates

Median rent$2,287
Median home value$595,800
Median household income$122,778

The median rent in McNair, VA is $2,287/month, 45% higher than the Virginia median and 62% higher than the U.S. median. The median home value is $595,800, 79% higher than the national median. Households earn a median of $122,778 a year, 32% higher than the state median.

Affordability

Rent as a share of median income: 22.4%
Income needed for median rent (30% rule): $91,480/yr
Home price-to-income ratio: 4.9×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $3,013/mo

Run your own numbers: mortgage calculator · hourly to salary

McNair vs. Virginia vs. U.S.

McNairVirginiaU.S.
Median rent$2,287$1,579$1,413
Median home value$595,800$383,700$332,700
Median household income$122,778$93,170$80,734
Homeownership rate25.4%67.3%65.2%
Bachelor's degree or higher68.8%42.2%35.7%
Poverty rate6.1%9.9%12.5%
Unemployment rate2.3%4.3%5.2%
Work from home30.8%18.3%15.1%
Median age31.939.038.9

FAQ

What is the average rent in McNair, VA?

The median gross rent in McNair, VA is $2,287 per month (ACS 2020–2024 5-year estimate).

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

Using the common 30% rule, renting a median-priced home takes about $91,480 a year in gross income.

Is McNair, VA expensive to live in?

Rent there is 62% higher than the U.S. median, and the median home costs about 4.9 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

Lakewood Ranch, FLRent $2,299 · Income $122,925Benicia, CARent $2,280 · Income $121,204Morristown, NJRent $2,274 · Income $121,340Rocklin, CARent $2,258 · Income $124,168Waltham, MARent $2,268 · Income $120,216Mill Creek, WARent $2,249 · Income $124,364

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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