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Cost of Living in Staunton city, VA

Population 25,948 · Census ACS 2020–2024 5-year estimates

Median rent$1,024
Median home value$259,200
Median household income$65,581

The median rent in Staunton city, VA is $1,024/month, 35% lower than the Virginia median and 28% lower than the U.S. median. The median home value is $259,200, 22% lower than the national median. Households earn a median of $65,581 a year, 30% lower than the state median.

Affordability

Rent as a share of median income: 18.7%
Income needed for median rent (30% rule): $40,960/yr
Home price-to-income ratio: 4.0×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $1,311/mo

Run your own numbers: mortgage calculator · hourly to salary

Staunton city vs. Virginia vs. U.S.

Staunton cityVirginiaU.S.
Median rent$1,024$1,579$1,413
Median home value$259,200$383,700$332,700
Median household income$65,581$93,170$80,734
Homeownership rate60.9%67.3%65.2%
Bachelor's degree or higher37.7%42.2%35.7%
Poverty rate12.4%9.9%12.5%
Unemployment rate5.3%4.3%5.2%
Work from home8.8%18.3%15.1%
Median age39.939.038.9

FAQ

What is the average rent in Staunton city, VA?

The median gross rent in Staunton city, VA is $1,024 per month (ACS 2020–2024 5-year estimate).

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

Using the common 30% rule, renting a median-priced home takes about $40,960 a year in gross income.

Is Staunton city, VA expensive to live in?

Rent there is 28% lower than the U.S. median, and the median home costs about 4.0 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

Winnebago County, ILRent $1,021 · Income $65,837Lee County, NCRent $1,017 · Income $65,387Floyd County, GARent $1,014 · Income $65,565Montgomery County, OHRent $1,026 · Income $66,139Muskegon County, MIRent $1,028 · Income $65,024Rowan County, NCRent $1,013 · Income $65,725

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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