Cost of Living in Charlottesville, VA

Population 45,863 · Virginia · Data vintage 2023

132
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Most of Charlottesville's cost indicators track within a reasonable band of national figures, with median household incomes near $69,829 — a more representative starting point for relocation math than the headline-expensive or headline-cheap cities on either tail. A poverty rate near 23% adds context to the income figures — well above the US average, and worth factoring into any comparison with cities on the coasts or in the Rockies.

Charlottesville is about 65 miles northwest of Richmond, the nearest large metro — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 37% higher than Richmond's $328,000.

Cost Overview

Housing 147
Rent 111

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

About the Cost of Living in Charlottesville

The median home value in Charlottesville is $448,400 — 47% above the national median of $305,000. Median rent runs $1,453/month, 11% higher than the national median of $1,314/month. The median household income of $69,829/year is 6% lower than the US median of $74,580. The local unemployment rate is 4.7%, below the national average of 4.8%. Virginia's top state income tax rate is 5.8% and the combined sales tax is 5.6%. The climate averages highs of 64.6°F and lows of 48.1°F. Overall, Charlottesville has a cost of living index of 132 versus the US average of 100, meaning it is 32% more expensive.

🏠 Housing

Median Home Value
$448,400
47% above avg
Zillow Home Value
$507,779
Zillow ZHVI
Median Rent
$1,453/mo
11% above avg
Zillow Rent
$1,934/mo
Zillow ZORI
Price-to-Rent Ratio
25.7x
Favors renting
Property Tax Rate
0.8%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$970
1 BR
$989
2 BR
$1,200
3 BR
$1,645
4 BR
$1,885
Owner-occupied 43.7%
Renter-occupied 56.3%

💰 Estimated Monthly Budget

Rent median rent
$1,453
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,067/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
18.6 min
31% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
19.3%

Commute Mode

Drove alone
53.2%
Carpooled
5.5%
Public transit
5.5%
Walked
12.8%
Bicycle
3.0%
Work from home
19.3%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax 5.8%
Total Sales Tax 5.6%
State rate 4.3%
Avg local rate 1.3%
Property Tax 0.8%

💼 Income & Employment

Median Household Income
$69,829
6% below avg
Per Capita Income
$48,395
Unemployment Rate
4.7%
3% below avg
Poverty Rate
22.6%
Labor Force Participation
64.7%

🎓 Education

Bachelor's degree+ 27.2%
Graduate degree 33.4%

👥 Demographics

Median Age 32.9
Male median age 32.3
Female median age 33.5

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
64.6°F
Avg Low
48.1°F
Annual Precip
48.2"
20° 38° 55° 73° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 444855667280848276665647
Low °F 283137475564686661504032
Precip" 3.382.984.324.184.643.694.784.084.934.003.443.76

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 44 — Good
69.8%
Good air days/yr
168
Max AQI recorded
239
PM2.5 days
125
Ozone days

🏫 Schools

NCES CCD 2019 — public school district data

91.6%
4-Year Graduation Rate
13.2:1
Student-teacher ratio
36
Public schools
18,946
Total enrollment

Frequently Asked Questions

What is the cost of living in Charlottesville, VA?

Charlottesville has a cost index of 132 (100 = national average). It is 32% above the national average.

What is average rent in Charlottesville, VA?

The median gross rent in Charlottesville is $1,453 per month based on 2023 Census data.

What is the average home price in Charlottesville?

The median home value in Charlottesville is $448,400 according to Zillow and Census data.

What is the median income in Charlottesville?

The median household income in Charlottesville is $69,829 per year (2023 ACS 5-year estimates).

What is the sales tax in Charlottesville, VA?

The combined state and local sales tax rate in Charlottesville is 5.6%. The Virginia state income tax top rate is 5.8%.

Is Charlottesville, VA affordable?

Charlottesville is above average in cost of living, with an index of 132 — about 32% higher than the national average.

What is the weather like in Charlottesville?

Charlottesville has average high temperatures of 64.6°F and average lows of 48.1°F. Annual precipitation is 48.2". Data from NOAA 1991–2020 Climate Normals.

Charlottesville at a Glance

Population
45,863
Median Income
$69,829
Home Value
$448,400
Median Rent
$1,453/mo
Unemployment
4.7%
Avg High Temp
64.6°F
Sales Tax
5.6%
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