Cost of Living in Hanover County, VA

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

Median Income

$104,678

Median Rent

$1,392/mo

Median Home

$347,900

Affordability

420

Housing Cost Breakdown

Owning (20% down, 6.5%)

Mortgage (P&I)$1,759
Property Tax$200
Insurance$116

Total Monthly$2,075
% of Income23.8%

Renting

Median Rent$1,392
Renter's Insurance$25

Total Monthly$1,417
% of Income16%

Living in Hanover County, Virginia

Hanover County has a median household income of $104,678 with housing costs that represent 23.8% of income for owners and 16% for renters. Housing costs are within the recommended 30% of income threshold.

The affordability index of 420 (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.

Compare Cost of Living Across Counties

Enter two locations and get a side-by-side comparison of housing, taxes, utilities, transportation, and overall affordability with salary adjustment calculations.

Start Free Comparison

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.