The average cost of living in Virginia is 3.7% higher than the U.S. average. Richmond is 4.9% lower than the national average and 8.6% lower than the state. Virginia Beach is 5.6% higher than the U.S. and nearly 2% higher than the rest of the state. There are more costly and cheaper municipalities throughout Virginia, so you'll have an easy time finding an affordable place to live.
Average Home Prices in Virginia
Virginia has lots of affordable cities when it comes to housing. The median cost of a home in the state is $258,400, which is $27,200 higher than the national average of $231,200. In Richmond, the state's capital, the median price is $214,400, and in Virginia Beach, a resort city, you'll pay only $268,100. Overall, the state has a reasonably priced housing market with many cities below average, making Virginia an excellent state if you're looking to buy a rent-to-own home.
If you're interested in Virginia rent-to-own homes, don't forget to consider important factors in addition to monthly living costs, such as average commute, taxes, crime rates, etc. The following are some common Virginia statistics compared to the U.S. national average.
| ||Virginia Averages ||National Averages |
|One-Way Commute ||28.2 minutes ||26.4 minutes |
|Violent Crime ||14.4 ||22.7 |
|Property Crime ||28.1 ||35.4 |
|Unemployment Rate ||2.9% ||3.9% |
|Income Tax Rate ||5.8% ||4.6% |
|Air Quality ||58 ||58 |
|Water Quality ||77 ||55 |
|Median Household Income ||$64,792 ||$53,482 |
|Median Property Taxes ||$1,862 ||$2,200 |
|Utilities ||$400/month ||$112/month |
|Monthly Rent ||$1,200 ||$1,470 |
|Median Home Cost ||$258,400 ||$231,200 |
|Median Home Age ||36 years ||40 years |
Popular Virginia Cities
Virginia Beach is the most populous municipality in the state, with 449,974 residents. Its land area totals 249 square miles, a fifth of which is forest, and its location along the Chesapeake Bay and the Atlantic Ocean attracts visitors from around the world. The city has an upscale Town Center with lots of shopping, dining, and arts and culture. There are many hotels and eateries along its beaches, and live concerts and events take place in several areas of this resort city.
Williamsburg, Jamestown, and Yorktown make up what's called the "Historic Triangle." These three municipalities depict the heritage of European settlers in the region and Virginia's involvement in the Revolutionary War and Civil War. The triangle includes sites such as the first European settlement in 1607 and the location where the British surrendered to George Washington in 1781. Tourists who come to these towns leave the modern world behind and enter the 17th, 18th, and 19th centuries. Shopping districts from the 1700s and 1800s, war reenactments, old-fashioned theater, and locals dressed in colonial garb while riding on horseback immerse visitors in history.
Richmond is the capital and fifth-most populous city in Virginia. Its current population of 230,436 is a 12.8% increase over its 2010 Census count. Richmond continues to grow because of its appeal as an economic hub full of amenities. The city's history dates back to the early settlement days, and Richmond still has some colonial charm. In addition to an arts scene, parks, museums, and a downtown, Richmond's location along the Appomattox and James Rivers offers a full line of water activities.
Popular Amenities and Attractions in Virginia
The original settlers attempted to produce wine, and Virginians never gave up. It wasn't until the 1970s that winemaking in the state was successful, but the industry never stopped growing once it took off. There are now hundreds of wineries in Virginia. Many are open to visitors and offer tasting, sales, and educational tours that teach visitors everything from how the grapes are grown to how the wine is bottled.
In most states, you get either beaches or mountains, but in Virginia, you get both. You can choose from a multitude of ski resorts, enjoy all sorts of outdoor adventures, and bask in the sun along the Atlantic shoreline - all in the same state. Shenandoah National Park is one of Virginia's more fascinating recreational areas. You can hike endlessly in its more than 300 square miles and enjoy scenic mountain views, waterfalls, cliffs, and wildlife. The park also offers overnight camping and lodging, fishing, horseback riding, festivals, and lots of guided activities and live entertainment.
Aeronautical fans can have a field day in Virginia. NASA has several locations in the state, including the Langley Research Center, the Virginia Air and Space Center, and the Wallops Flight Facility. Spy aficionados will love the CIA museum, where they can browse through old documents and learn about the culture of the organization's agents. Even people who are not into politics will find something presidential to enjoy in Virginia. The state has dozens of attractions associated with the presidents who originated in Virginia, including birthplaces, burial sites, libraries, statues, and museums.
So no matter where your interests lie, Virginia is sure to offer plenty to keep you entertained - making it a wonderful state to consider when choosing where you'd like to call home.