Cost of Living in Charlottesville city, VA
Population 45,437 · Census ACS 2020–2024 5-year estimates
The median rent in Charlottesville city, VA is $1,540/month, 2% lower than the Virginia median and 9% higher than the U.S. median. The median home value is $486,700, 46% higher than the national median. Households earn a median of $74,824 a year, 20% lower than the state median.
Affordability
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Charlottesville city vs. Virginia vs. U.S.
| Charlottesville city | Virginia | U.S. | |
|---|---|---|---|
| Median rent | $1,540 | $1,579 | $1,413 |
| Median home value | $486,700 | $383,700 | $332,700 |
| Median household income | $74,824 | $93,170 | $80,734 |
| Homeownership rate | 44.2% | 67.3% | 65.2% |
| Bachelor's degree or higher | 62.5% | 42.2% | 35.7% |
| Poverty rate | 19.6% | 9.9% | 12.5% |
| Unemployment rate | 3.7% | 4.3% | 5.2% |
| Work from home | 21.4% | 18.3% | 15.1% |
| Median age | 33.1 | 39.0 | 38.9 |
FAQ
What is the average rent in Charlottesville city, VA?
The median gross rent in Charlottesville city, VA is $1,540 per month (ACS 2020–2024 5-year estimate).
How much do I need to earn to live in Charlottesville city, VA?
Using the common 30% rule, renting a median-priced home takes about $61,600 a year in gross income.
Is Charlottesville city, VA expensive to live in?
Rent there is 9% higher than the U.S. median, and the median home costs about 6.5 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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