Cost of Living in Albemarle County, VA

What does it cost to live in Albemarle County? Income, housing, and affordability breakdown.

Median Income

$97,708

Median Rent

$1,570/mo

Median Home

$450,200

Affordability

301

Housing Cost Breakdown

Owning (20% down, 6.5%)

Mortgage (P&I)$2,276
Property Tax$278
Insurance$150

Total Monthly$2,704
% of Income33.2%

Renting

Median Rent$1,570
Renter's Insurance$25

Total Monthly$1,595
% of Income19.3%

Living in Albemarle County, Virginia

Albemarle County has a median household income of $97,708 with housing costs that represent 33.2% of income for owners and 19.3% for renters. Housing costs exceed the recommended 30% threshold, suggesting affordability challenges.

The affordability index of 301 (100 = median income perfectly covers median housing costs) gives a quick snapshot. Use our calculator for a comprehensive comparison across counties, including taxes, utilities, healthcare, and commute costs.

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Other Counties in Virginia

County-level data from U.S. Census Bureau American Community Survey (ACS) 2022 5-Year Estimates. Additional sources: Bureau of Labor Statistics, Bureau of Economic Analysis. Estimates are county-level medians. This is not financial advice.