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Cost of Living in Montclair, VA

Population 22,387 · Census ACS 2020–2024 5-year estimates

Median rent$2,366
Median home value$577,800
Median household income$155,774

The median rent in Montclair, VA is $2,366/month, 50% higher than the Virginia median and 67% higher than the U.S. median. The median home value is $577,800, 74% higher than the national median. Households earn a median of $155,774 a year, 67% higher than the state median.

Affordability

Rent as a share of median income: 18.2%
Income needed for median rent (30% rule): $94,640/yr
Home price-to-income ratio: 3.7×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $2,922/mo

Run your own numbers: mortgage calculator · hourly to salary

Montclair vs. Virginia vs. U.S.

MontclairVirginiaU.S.
Median rent$2,366$1,579$1,413
Median home value$577,800$383,700$332,700
Median household income$155,774$93,170$80,734
Homeownership rate88.7%67.3%65.2%
Bachelor's degree or higher56.0%42.2%35.7%
Poverty rate3.8%9.9%12.5%
Unemployment rate5.8%4.3%5.2%
Work from home25.4%18.3%15.1%
Median age38.539.038.9

FAQ

What is the average rent in Montclair, VA?

The median gross rent in Montclair, VA is $2,366 per month (ACS 2020–2024 5-year estimate).

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

Using the common 30% rule, renting a median-priced home takes about $94,640 a year in gross income.

Is Montclair, VA expensive to live in?

Rent there is 67% higher than the U.S. median, and the median home costs about 3.7 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

Frankfort, ILRent $2,442 · Income $154,375Maple Valley, WARent $2,304 · Income $152,885Kirkland, WARent $2,401 · Income $150,414Northbrook, ILRent $2,463 · Income $157,782Redmond, WARent $2,409 · Income $162,560Johns Creek, GARent $2,257 · Income $160,093

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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