Cost of Living in Albemarle County, VA
Population 114,919 · Census ACS 2020–2024 5-year estimates
The median rent in Albemarle County, VA is $1,692/month, 7% higher than the Virginia median and 20% higher than the U.S. median. The median home value is $495,400, 49% higher than the national median. Households earn a median of $104,392 a year, 12% higher than the state median.
Affordability
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Albemarle County vs. Virginia vs. U.S.
| Albemarle County | Virginia | U.S. | |
|---|---|---|---|
| Median rent | $1,692 | $1,579 | $1,413 |
| Median home value | $495,400 | $383,700 | $332,700 |
| Median household income | $104,392 | $93,170 | $80,734 |
| Homeownership rate | 65.9% | 67.3% | 65.2% |
| Bachelor's degree or higher | 61.1% | 42.2% | 35.7% |
| Poverty rate | 7.7% | 9.9% | 12.5% |
| Unemployment rate | 3.4% | 4.3% | 5.2% |
| Work from home | 21.7% | 18.3% | 15.1% |
| Median age | 39.7 | 39.0 | 38.9 |
FAQ
What is the average rent in Albemarle County, VA?
The median gross rent in Albemarle County, VA is $1,692 per month (ACS 2020–2024 5-year estimate).
How much do I need to earn to live in Albemarle County, VA?
Using the common 30% rule, renting a median-priced home takes about $67,680 a year in gross income.
Is Albemarle County, VA expensive to live in?
Rent there is 20% higher than the U.S. median, and the median home costs about 4.7 times the median household income.
Other counties in Virginia
Counties 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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