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Cost of Living in Powhatan County, VA

Population 31,555 · Census ACS 2020–2024 5-year estimates

Median rent$1,168
Median home value$416,000
Median household income$110,537

The median rent in Powhatan County, VA is $1,168/month, 26% lower than the Virginia median and 17% lower than the U.S. median. The median home value is $416,000, 25% higher than the national median. Households earn a median of $110,537 a year, 19% higher than the state median.

Affordability

Rent as a share of median income: 12.7%
Income needed for median rent (30% rule): $46,720/yr
Home price-to-income ratio: 3.8×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $2,104/mo

Run your own numbers: mortgage calculator · hourly to salary

Powhatan County vs. Virginia vs. U.S.

Powhatan CountyVirginiaU.S.
Median rent$1,168$1,579$1,413
Median home value$416,000$383,700$332,700
Median household income$110,537$93,170$80,734
Homeownership rate93.2%67.3%65.2%
Bachelor's degree or higher35.0%42.2%35.7%
Poverty rate4.6%9.9%12.5%
Unemployment rate3.6%4.3%5.2%
Work from home23.1%18.3%15.1%
Median age45.839.038.9

FAQ

What is the average rent in Powhatan County, VA?

The median gross rent in Powhatan County, VA is $1,168 per month (ACS 2020–2024 5-year estimate).

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

Using the common 30% rule, renting a median-priced home takes about $46,720 a year in gross income.

Is Powhatan County, VA expensive to live in?

Rent there is 17% lower than the U.S. median, and the median home costs about 3.8 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

Tooele County, UTRent $1,189 · Income $106,587Sherburne County, MNRent $1,127 · Income $105,466Union County, OHRent $1,247 · Income $112,322Geauga County, OHRent $1,083 · Income $107,860Chisago County, MNRent $1,186 · Income $99,400Wright County, MNRent $1,288 · Income $107,209

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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