Cost of Living in Charlottesville city, VA

What does it cost to live in Charlottesville city? Income, housing, and affordability breakdown.

Median Income

$67,177

Median Rent

$1,357/mo

Median Home

$398,400

Affordability

230

Housing Cost Breakdown

Owning (20% down, 6.5%)

Mortgage (P&I)$2,015
Property Tax$282
Insurance$133

Total Monthly$2,430
% of Income43.4%

Renting

Median Rent$1,357
Renter's Insurance$25

Total Monthly$1,382
% of Income24.2%

Living in Charlottesville city, Virginia

Charlottesville city has a median household income of $67,177 with housing costs that represent 43.4% of income for owners and 24.2% for renters. Housing costs exceed the recommended 30% threshold, suggesting affordability challenges.

The affordability index of 230 (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.