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Cost of Living in Waynesboro, VA

Population 22,841 · Census ACS 2020–2024 5-year estimates

Median rent$1,020
Median home value$245,500
Median household income$59,994

The median rent in Waynesboro, VA is $1,020/month, 35% lower than the Virginia median and 28% lower than the U.S. median. The median home value is $245,500, 26% lower than the national median. Households earn a median of $59,994 a year, 36% lower than the state median.

Affordability

Rent as a share of median income: 20.4%
Income needed for median rent (30% rule): $40,800/yr
Home price-to-income ratio: 4.1×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $1,241/mo

Run your own numbers: mortgage calculator · hourly to salary

Waynesboro vs. Virginia vs. U.S.

WaynesboroVirginiaU.S.
Median rent$1,020$1,579$1,413
Median home value$245,500$383,700$332,700
Median household income$59,994$93,170$80,734
Homeownership rate59.9%67.3%65.2%
Bachelor's degree or higher25.7%42.2%35.7%
Poverty rate11.2%9.9%12.5%
Unemployment rate5.1%4.3%5.2%
Work from home10.3%18.3%15.1%
Median age38.339.038.9

FAQ

What is the average rent in Waynesboro, VA?

The median gross rent in Waynesboro, VA is $1,020 per month (ACS 2020–2024 5-year estimate).

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

Using the common 30% rule, renting a median-priced home takes about $40,800 a year in gross income.

Is Waynesboro, VA expensive to live in?

Rent there is 28% lower than the U.S. median, and the median home costs about 4.1 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

Wichita Falls, TXRent $1,022 · Income $60,177Burton, MIRent $1,009 · Income $60,052Ames, IARent $1,023 · Income $60,991Manhattan, KSRent $1,003 · Income $60,172Junction City, KSRent $1,024 · Income $61,181Peoria, ILRent $1,005 · Income $59,410

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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