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Cost of Living in New Kent County, VA

Population 25,105 · Census ACS 2020–2024 5-year estimates

Median rent$1,721
Median home value$393,600
Median household income$123,314

The median rent in New Kent County, VA is $1,721/month, 9% higher than the Virginia median and 22% higher than the U.S. median. The median home value is $393,600, 18% higher than the national median. Households earn a median of $123,314 a year, 32% higher than the state median.

Affordability

Rent as a share of median income: 16.7%
Income needed for median rent (30% rule): $68,840/yr
Home price-to-income ratio: 3.2×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $1,990/mo

Run your own numbers: mortgage calculator · hourly to salary

New Kent County vs. Virginia vs. U.S.

New Kent CountyVirginiaU.S.
Median rent$1,721$1,579$1,413
Median home value$393,600$383,700$332,700
Median household income$123,314$93,170$80,734
Homeownership rate92.6%67.3%65.2%
Bachelor's degree or higher38.4%42.2%35.7%
Poverty rate4.7%9.9%12.5%
Unemployment rate2.3%4.3%5.2%
Work from home17.9%18.3%15.1%
Median age42.939.038.9

FAQ

What is the average rent in New Kent County, VA?

The median gross rent in New Kent County, VA is $1,721 per month (ACS 2020–2024 5-year estimate).

How much do I need to earn to live in New Kent County, VA?

Using the common 30% rule, renting a median-priced home takes about $68,840 a year in gross income.

Is New Kent County, VA expensive to live in?

Rent there is 22% higher than the U.S. median, and the median home costs about 3.2 times the median household income.

Other counties in Virginia

Fairfax County, VARent $2,276 · Income $153,637Prince William County, VARent $2,067 · Income $131,402Virginia Beach city, VARent $1,714 · Income $92,968Loudoun County, VARent $2,386 · Income $181,765Chesterfield County, VARent $1,629 · Income $101,931Henrico County, VARent $1,541 · Income $88,783

Counties with a similar cost of living

Frederick County, MDRent $1,774 · Income $122,002St. Mary's County, MDRent $1,747 · Income $119,446Putnam County, NYRent $1,775 · Income $126,257Chester County, PARent $1,763 · Income $127,208Rockingham County, NHRent $1,687 · Income $118,331Washington County, MNRent $1,710 · Income $115,345

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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