Cost of Living in Virginia, MN

Population 8,362 · Minnesota · Data vintage 2023

47
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

At $48,321, median household incomes in Virginia land roughly 35% below the US median, a gap that tends to persist across local labor-market indicators. Around 23% of residents live below the federal poverty line, a rate that tends to correlate with the income and housing figures above.

Virginia lies roughly 180 miles north of the nearest major metro, St. Paul — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 58% lower than St. Paul's $280,000.

Cost Overview

Housing 39
Rent 60

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Virginia

The median home value in Virginia is $117,500 — 61% below the national median of $305,000. Median rent runs $789/month, 40% lower than the national median of $1,314/month. The median household income of $48,321/year is 35% lower than the US median of $74,580. The local unemployment rate is 5.6%, above the national average of 4.8%. Minnesota's top state income tax rate is 9.8% and the combined sales tax is 7.4%. Overall, Virginia has a cost of living index of 47 versus the US average of 100, meaning it is 53% less expensive.

🏠 Housing

Median Home Value
$117,500
61% below avg
Zillow Home Value
$316,732
Zillow ZHVI
Median Rent
$789/mo
40% below avg
Price-to-Rent Ratio
12.4x
Favors buying
Property Tax Rate
1.1%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$702
1 BR
$784
2 BR
$937
3 BR
$1,307
4 BR
$1,537
Owner-occupied 55.8%
Renter-occupied 44.2%

💰 Estimated Monthly Budget

Rent median rent
$789
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,403/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
19.0 min
30% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
5.7%

Commute Mode

Drove alone
76.3%
Carpooled
9.5%
Public transit
1.1%
Walked
7.0%
Work from home
5.7%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax 9.8%
Total Sales Tax 7.4%
State rate 6.9%
Avg local rate 0.6%
Property Tax 1.1%

💼 Income & Employment

Median Household Income
$48,321
35% below avg
Per Capita Income
$31,013
Unemployment Rate
5.6%
17% above avg
Poverty Rate
23.2%
Labor Force Participation
51.7%

🎓 Education

Bachelor's degree+ 13.9%
Graduate degree 6.1%

👥 Demographics

Median Age 44.7
Male median age 41.7
Female median age 48.9

🏫 Schools

NCES CCD 2019 — public school district data

94.7%
4-Year Graduation Rate
14.2:1
Student-teacher ratio
12
Public schools
3,909
Total enrollment

Frequently Asked Questions

What is the cost of living in Virginia, MN?

Virginia has a cost index of 47 (100 = national average). It is 53% below the national average.

What is average rent in Virginia, MN?

The median gross rent in Virginia is $789 per month based on 2023 Census data.

What is the average home price in Virginia?

The median home value in Virginia is $117,500 according to Zillow and Census data.

What is the median income in Virginia?

The median household income in Virginia is $48,321 per year (2023 ACS 5-year estimates).

What is the sales tax in Virginia, MN?

The combined state and local sales tax rate in Virginia is 7.4%. The Minnesota state income tax top rate is 9.8%.

Is Virginia, MN affordable?

Yes, Virginia is generally considered affordable, with a cost of living index of 47 — about 53% below the US national average of 100.

Virginia at a Glance

Population
8,362
Median Income
$48,321
Home Value
$117,500
Median Rent
$789/mo
Unemployment
5.6%
Sales Tax
7.4%
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🗺️ County data for Minnesota

Explore county-level cost of living data

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