Cost of Living in Petersburg city, VA

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

Median Income

$46,930

Median Rent

$1,082/mo

Median Home

$147,200

Affordability

427

Housing Cost Breakdown

Owning (20% down, 6.5%)

Mortgage (P&I)$744
Property Tax$123
Insurance$49

Total Monthly$916
% of Income23.4%

Renting

Median Rent$1,082
Renter's Insurance$25

Total Monthly$1,107
% of Income27.7%

Living in Petersburg city, Virginia

Petersburg city has a median household income of $46,930 with housing costs that represent 23.4% of income for owners and 27.7% for renters. Housing costs are within the recommended 30% of income threshold.

The affordability index of 427 (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.